United Bank

An Introduction to United Bank:

United Bank is one of the strongest banks of America. Its internet banking scenario in South Alabama and Northwest Florida is unique of its kind. It was established in 1904 as the Bank of Atmore. United Bank was recently in news because of the gala opening of the United Bank Greenhouse at the West Florida Research and Education Center.

Products and Services provided by United Bank:

Personal Checking Account:

• Freedom Checking Account– It allows one to save without facing any disturbance of paying money for something that he is not at all interested in. It is tailor made to suit one’s needs and the benefits offered by the account can be further amended by paying small fees. An opening balance of $100 is required. Additional benefits for all types of checking accounts include free e-statements, free ATM and debit card, Free internet banking and telephone banking.
• Five-Oh Club Checking Account– This account offers less restriction in checking and bonuses for customers having age more than 50years. This account has the unique feature of providing free of cost personalized wallet style 5-OH checks.
• Total Account– This account records the ACH(Advanced Clearing House) debits or credits and thus serves as one’s settlement account. Any interest or dividend payments are also recorded in this account and thus it serves as a depository account also. Besides, an total account holder can also write checks or use the Check Easy Debit Card when he needs money. Thus the Total Account provides a comprehensive and aggregate solution to an investors needs.
• Advantage NOW Account– This account entails an account opening balance of $1,500. Again a minimum balance of $1,500 is also required to earn interest. One has the freedom of unlimited access. The interest rates vary according to market and interest accrued is paid monthly.

Personal Savings Account:

• Statement Savings– The opening balance in this account of United Bank is $100. Two withdrawals are allowed per month. This account is particularly suited for investors with long term aims as $7.50 is charged if one closes the account within 3 months of opening it. The attractive feature- this account allows the investor to earn interest from the first business day the account is made.
• Christmas Club– This account asks for a nominal account opening balance of $1. No interest accrues to an account if it is closed before completion.
• United Money Fund– The opening account balance is $2500. Also a minimum monthly balance of $2500 must be maintained. Interest rate are adjusted daily according to the methodology used by United Bank.
• Tiered Rate Money Market– This United Bank account needs an opening account balance of $15,000. Also a minimum balance of $15,000 must be maintained. An account holder can access his account three times out of which three can be with checks or drafts.

Certificates of Deposits(CD) and Individual Retirement Account provided by United Bank also provides the investor with lucrative options to earn interest and dividend.