Business Savings

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 change 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