Types of CDs

We provide various types of Certificates of Deposit, including Traditional CDs, Jumbo CDs for larger deposits, and IRA CDs for tax-advantaged retirement savings. Explore our diverse offerings to find the CD that's right for you.

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Competitive Rates

Our Certificates of Deposit offer competitive interest rates, allowing you to maximize your savings over a fixed term. With various term lengths available, you can choose the rate and duration that best suits your financial goals.

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Flexible Terms

Whether you prefer short-term or long-term savings, we offer a range of CD options to match your needs. From 6-month to 5-year terms, you can tailor your investment strategy to align with your unique financial plan.

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Safety and Security

Rest easy knowing that your investments are safe and secure with our FDIC-insured Certificates of Deposit. Your principal amount is protected, making CDs a low-risk savings option for the future.

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Frequently Asked Questions

What is a Certificate of Deposit (CD)?

A Certificate of Deposit, or CD, is a savings product where you deposit a fixed amount of money for a specific term, typically at a higher interest rate than regular savings accounts. It's a secure way to grow your savings over time.

How do I open a CD account?

To open a CD account, you can visit our website and fill out an online application or visit one of our branches in person. Our staff will assist you in the process.

What are the advantages of a CD over a regular savings account?

CDs often offer higher interest rates compared to regular savings accounts, making them a great choice for those looking to earn more on their savings. Additionally, CDs provide a fixed rate of return for a specific term, providing predictability.

Is there a minimum deposit requirement for a CD?

The minimum deposit requirement for a CD varies depending on the type and term of the CD. Some CDs may have a lower minimum deposit requirement, while others, like Jumbo CDs, require larger deposits.

Can I withdraw money from my CD before the maturity date?

While it is possible to withdraw money from a CD before the maturity date, it may result in a penalty. The penalty amount varies depending on the terms and conditions of the specific CD. It's essential to review the terms carefully.

What happens when my CD matures?

When your CD matures, you have several options. You can choose to renew it at the prevailing rate, roll it into a different CD, or withdraw the funds. Our team can help you decide what's best for your financial goals.

FDIC Insured

Rest easy knowing that your money is safe and secure with United Financial Bank. Our savings accounts are FDIC insured up to the maximum allowed by law.

Fixed Interest Rates

CDs offer fixed interest rates, meaning your earnings remain constant throughout the CD's term. This predictability helps you plan your financial goals with certainty.

Variety of Terms

CDs come in various terms, ranging from a few months to several years. You can choose a term that aligns with your savings goals and timeline.

Higher Interest Rates

CDs generally offer higher interest rates compared to regular savings accounts, making them an attractive option for growing your savings over time.

Automatic Spending Management Tool

Gain insight into your spending habits with our automatic finance management tool. It tracks your expenses, categorizes transactions, and provides you with a clear view of where your money is going, empowering you to make informed financial decisions.

Low Penalties for Early Withdrawal

While CDs offer security, withdrawing funds before the CD's maturity date may result in penalties. It's crucial to understand the terms and potential penalties associated with your specific CD.

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