No purchase of deposit insurance necessary. To Open an Account: Stop by your nearest First United Banking Center. Check Our Rates Early withdrawal penalty may apply. Jumbo Certificates of Deposit A Jumbo Certificate of Deposit requires a minimum opening balance of 100,000. The FDIC provides separate coverage for deposits held in different account ownership categories. Regular Certificates of Deposit A Regular Certificate of Deposit requires a minimum opening balance of 1,000. 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. 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. Tier 3 minimum daily balance 50,000.00 or more. Tier 2 minimum daily balance 25,000.00 but less than or equal to 49,999.99. CD rates are fixed for the initial chosen term upon opening the account. This is a tiered-rate account to which the bank applies different interest rates depending on the level of principal balance in the account. 1 The Annual Percentage Yield (APY) is accurate as of July 5, 2023.
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