12/24/2023 0 Comments Cd rates at united bankNo purchase of deposit insurance necessary. The FDIC provides separate coverage for deposits held in different account ownership categories. Fees may affect earnings.Ģ Compared to the current rate for a First United Bank 12-Month CD as of July 5, 2023.ģ The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category. It offers a higher interest rate than a regular savings account without the market risk of other investments therefore, these accounts are ideal for those who. Penalties may be imposed for early withdrawals. Offer not available to collateralized deposits, public funds, or brokered deposits. New money is defined as funds not deposited with First United Bank within the last 60 days. At least 50% of the opening deposit amount must be “new money” to First United Bank. A minimum balance of $10,000 required to open the account and earn interest. CD rates are fixed for the initial chosen term upon opening the account. It normally offers a higher interest rate than a regular savings account without the market risk of other investments therefore, these accounts are ideal for. 1 The Annual Percentage Yield (APY) is accurate as of July 5, 2023.
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