|
|||
 |
- Minimum initial deposit $100.00
- Interest compounded and paid quarterly using the daily balance computation at rate set by financial institution
- Interest accrues beginning the business day the deposit is made
- Withdrawals are limited to two per month
- Excess withdrawal fee of $5.00 assessed for each debit transaction in excess of two during a calendar month
- Fee of $10.00 will be charged if the account is closed within 180 days of opening
- Account subject to service charge of $5.00 if balance drops below $100 at any time during the month
Under Federal Regulation, transfers from a Regular Savings account to another account or to third parties by preauthorized, automatic or telephone transfers are limited to six per month with no transfers by check, draft, debit card or similar order to third parties.
For Openers!
United Bank now allows you to automatically contribute any amount you desire to your Christmas Club account! No need to bother making the transfer yourself each month. Best of all - your savings are automatically deposited into your United Bank Checking Account each November for quick and easy access.
How to get started
Open your Christmas Club account with an accompanying United Bank checking account. Determine the amount you want transferred from your checking account into your Christmas Club account each month. Transfers must begin in November. Transfers occur on the 10th of every month and your savings payout will take place around November 1st. At the end of the 12 month savings cycle, your Christmas Club account will remain open and transfers will begin again for the next 12 months unless you provide notice to United Bank to end your Christmas Club transfers.
Service Charges
If you do need funds from your Christmas Savings Club during the year, there will be a $7.00 withdrawal fee; however there is no limit to the number of withdrawals you can make and interest will be paid on the balance as long as the account remains open on the interest payment date. A $7.00 fee will be assessed if you close the account during the year. No interest will be paid on accounts closed prior to the interest payment date.
Minimum Requirements for Christmas Club
An automatic debit is required for the Christmas Club Savings Plan, but there is no minimum amount required and you can deposit additional funds into your account at any time throughout the year. The club will remain open until you notify the bank to close the account. The Christmas Club will be paperless; there will be no coupon book. No check will be issued; around November 1st, your savings will be placed directly into your checking account, to be quickly and easily accessed.
Interest
If the club account is completed within the specified time, interest earned will be paid at the rate in effect when the account was opened. Rates are subject to change daily. The interest rate is determined by the daily computation method set by United Bank.
- Minimum initial deposit of $2,500
- Rates are subject to change daily
- Earns interest rate set by financial institution, based on daily balance computation method
- Interest paid monthly to account balance at time statement rendered
- $15 service charge if balance drops below $2,500 any day during monthly cycle
- Withdrawals limited to six per statement cycle, with no more than three by check, draft or similar order to third parties
- Minimum initial deposit of $15,000
- Rates are subject to change daily
- Earns interest rate set by financial institution, based on daily balance computation method
- Interest paid monthly to account balance at time statement rendered
- $20 service charge if balance drops below $15,000 any day during monthly cycle
- Withdrawals limited to six per statement cycle, with no more than three by check, draft or similar order to third parties
- First order of wallet-style checks provided at no charge
- Tier 1 = $0 to $14,999.99
- Tier 2 = $15,000 to $29,999.99
- Tier 3 = $30,000.00 to $74,999.99
- Tier 4 = $75,000.00 or more
| UNITED BANK is participating in the FDIC's Transaction Account Guarantee Program. Under that program, through December 31, 2010 all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules. NOTICE: United Bank is not responsible for and has no control over
the subject matter, content, information, or graphics of the web sites that
have links here. The portal and news features are being provided by an outside
source - The bank is not responsible for the content. |