Business Statement Savings
Features:
- Begin earning interest with a balance of $1,000
- Online Banking access available
- eStatements Available
- ATM card availability
Limitations:
- Must deposit $1,000 to open this account
- Must maintain a minimum balance of $1,000 to obtain the disclosed annual percentage yield
- Six(6) pre-authorized transfers per month, which includes telephone/automatic transfers
Account Fees:
- Must maintain a balance of $1,500 to avoid monthly service charge of $12
- $5 fee is applied for every withdrawal over 15 transactions
Interest:
- Interest rate determined by Bank
- Interest rate and annual percentage yield may change
- Interest begins to accrue on the business day of the deposit
- Interest is compounded daily and credited monthly
United Blue Certificates of Deposit
Features:
- Maturities range from one month to five years
- Jumbo CDs are available for investments if $100,000 or more
Limitations:
- Must deposit $500 to open this account
- May not make additional deposits into this account
- Withdrawals made before the maturity date will be subject to penalty
- A withdrawal will reduce earnings at maturity
- A 10 day grace period is provided after the maturity date to withdraw without penalty
- Maturity day will be stated on the certificate
- Account may be obtained with or without an automatic renewal
Interest:
- The interest rate and annual percentage yield will not changed for the term of the account
- The interest rate will be in effect for the term of the certificate
- Interest begins to accrue on the business day deposit
- Interest will be compounded daily and will be credited at maturity
- Jumbo Certificates: A simple interest rate will be applied with a single maturity.