| Short term certificates with maturities of three,
six and nine months are available. The minimum deposit is $1,000
for these certificate terms. These certificates automatically
re upon maturity at current rates. Customers have a seven
(7) day grace period at maturity to make additions, withdrawals
or other changes without a penalty.
Distribution of Earnings: Interest may be: (1) left in the
account to compound at maturity (this interest becomes part
of the principle when the certificate res; (2) paid by
a monthly or quarterly check ($5,000 balance or more) or a
check at maturity, or (3) transferred to a separate checking
or savings account.
Interest may be withdrawn without penalty anytime.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amount of the certificate is withdrawn.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:
3, 6, 9 Month Term = One Month's Interest.
Please contact one of United's
Banking Center Managers
for more information and to open your account today!
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Housing Lender, All Rights Reserved.