| The Bank offers a variety of long term certificates
with terms of 1-5 years, with each paying an attractive market
rate. These certificates have fixed rates and terms. Minimum
deposits are $1,000 for all certificate terms. All certificates
re automatically upon maturity at the current rate unless
the customer is notified in writing that the Bank will discontinue
offering this certificate. Customers have a seven (7) day grace
period at maturity to make additions, withdrawals or other changes
without incurring a penalty.
Distribution of Earnings: Interest is paid semiannually.
Interest may be: (1) Left in the account to compound; (2)
paid by a monthly check ($5,000 balance or more), quarterly
or semiannual check; or (3) transferred to a separate checking
or savings.
Interest may be withdrawn without penalty anytime. However,
an early withdrawal penalty will be assessed if the principal
amount of the certificate is withdrawn. If the partial withdrawal
causes the remaining balance to fall below the minimum requirement,
the CD must be closed.
The penalty requires that the customer forfeit interest whether
earned or not, equal to:
For terms of 18 months to 34 months = six month's interest
For terms of 36 months to 60 months = twelve month's interest
Please contact one of United's
Banking Center Managers
for more information and to open your account today!
|
Equal
Housing Lender, All Rights Reserved.