Business Savings Accounts

Business Statement Savings

United Blue Certificates of Deposit

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

Terms:

  • 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 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

Account Fees:

  • Maturity day will be stated on the certificate
  • Account may be obtained with or without an automatic renewal
  • 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. 

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