Short term certificates with maturities of less than 1 year are available. The minimum deposit is $1,000 for these certificate terms. These certificates automatically renew upon maturity at current rates. Customers have a ten (10) 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 renews; (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Interest may be withdrawn without penalty anytime. However, an early withdrawal penalty will be assessed if the principal amount of the certificate is withdrawn.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 a partial withdrawal causes the remaining balance to fall below the minimum requirement, the CD must be closed.

A penalty may apply for early withdraw.

Please contact an United Bank Office Manager for more information and to open your account today!