CDs

Certificates of deposit are designed for depositors who desire a fixed-rate investment for a specific period of time. These deposits generally pay a greater rate of interest than funds that can be withdrawn within a shorter period of time (daily or monthly, for example.) First United Bank offers the following certificate of deposit products.

Type And TermMinimumPayment FrequencyEarly Withdrawal Penalty
182 Days$5,000at maturity90 days interest
1 Year$2,000at maturity182 days interest
2 years$2,000annually and at maturity365 days interest
3 years$2,000annually and at maturity365 days interest
4 years$2,000annually and at maturity365 days interest
5 years$2,000annually and at maturity365 days interest
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