PERSONAL SAVINGS ACCOUNTS

When people think about “putting money in the bank,” a personal savings account is usually what they have in mind. The appeal of earning interest safely over time could not be more traditional, yet it still holds value today. Whether your personal banking needs involve saving for a future obligation or dreaming of a big purchase, United Bank offers several tried-and-true, FDIC-insured options.

Regular Savings Account

Start setting something aside with a basic personal savings account

  • No service charge with minimum balance of $100 ($3 per quarter otherwise)
  • Open with only a $50 minimum deposit
  • Interest-bearing
  • Up to three withdrawals permitted per quarter ($2 charge per additional withdrawal)

Minor Savings Account

Teach the next generation about saving with this specially designed personal savings account

  • No minimum balance required
  • No minimum opening deposit required
  • Interest-bearing
  • Up to three withdrawals permitted per quarter ($2 charge per additional withdrawal)
  • Adult custodian required for withdrawals

The RESERVE Account

Maximize your flexibility with accessible savings. Only offered as a partner account to the Gold LIFE Checking.

  • Open with only a $50 minimum deposit
  • Interest-bearing at money market rate
  • Up to six withdrawals permitted per month ($10 fee for each additional withdrawal)
  • Withdrawals only allowed as a transfer into the Gold LIFE Checking account; no checks allowed.
  • Interest rates are tiered, based on the account balance

Christmas Club Savings

Be prepared when gift-giving season arrives

  • No minimum balance required
  • No minimum opening deposit required
  • Interest-bearing
  • Balance issued as a check in early November (account closure and $5 penalty for early withdrawal)

Certificates of Deposit

Capitalize on a longer-term savings horizon with a certificate of deposit (CD)

  • Fixed-term CDs have terms from seven days to five years—the longer the term, the more attractive the rate of return. A minimum of $500 is required to open, and an early withdrawal may apply.

Rates may change at any time without prior notice. Simple interest is calculated on the average daily collected balance in the account and credited either monthly or quarterly. Fees could reduce earnings on the account.