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Cash Management Services
| Information Services
| Collection Services
Disbursement Services
| Investment Services
| Fraud Management
Investment Services
CERTIFICATE OF DEPOSIT
United Bank offers diverse options for your certificate of deposit needs. No matter if your investment requirements are short-term, or long-term, we offer a perfect term.
CERTIFICATE OF DEPOSIT ACCOUNT REGISTRY SERVICE™ (CDARS)
For our clients exceeding traditional FDIC insurance limits, we offer our Certificate of Deposit Account Registry Service™ (CDARS). CDARS is a safe, convenient service through which we place your large CD deposits into smaller-denomination CDs at multiple institutions. Your total deposit can be eligible for full FDIC insurance coverage up to $1 million or more. You can manage all your CD investments through United Bank and a monthly-consolidated statement is provided detailing the issuing banks, maturity dates, interest rate, and interest earned year-to-date.
MONEY MARKET ACCOUNT
United Bank's business money market accounts are an exceptionally attractive choice offering liquidity and a secure investment alternative. Our money market accounts offer convenience by providing a monthly statement and the ability to transfer funds via check, phone or online banking. Liquidity needs, withdrawal requirements, and deposit amounts will determine if this investment option is suitable for your business.
OVERNIGHT REPURCHASE AGREEMENT
The daily repurchase account is beneficial for corporate clients who are not eligible for an interest bearing checking account but have the availability of excess funds in their operating accounts. All funds above a prearranged target balance are swept daily into a one-day repurchase account that is collateralized by government-backed securities. The funds in the investment account will earn nightly interest and will be automatically credited back to the operating account on the opening of the next business day, along with the nightly interest.
TERM REPURCHASE AGREEMENT
The term repurchase account is beneficial for corporate clients who are not eligible for an interest bearing checking account but have the availability of excess funds in their operating accounts. Funds are transferred to a repurchase account, collateralized by government-backed securities, that has a pre-arranged rate and term. The funds in the investment account will accrue interest daily and compound monthly.
