Certificates of deposit
Certificate of Deposit
At unitedgulfcu, we offer Certificate of Deposit (Fixed Deposit) and give you an amount of interest for a specified period of time and return your money on the specified date. These certificates are federally insured and issued by banks and savings-and-loans institutions. Compared to regular savings accounts, CDs offer a higher yield to compensate for the loss of liquidity. They also represent a low-risk investment opportunity because the account holder needs little understanding of investment markets and they’re insured up to $250,000.
- Steady and predictable
- Broad Selection
- Low Market risk
- High Interest rate up to 10%
While banks assess penalties on CD customers who withdraw from their principal deposit before the date of maturity, some banks allow the CD owner to withdraw from the interest accrued during the CD’s term, although this would reduce earnings.
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| Service | United Gulf | Other Banks 1 | Other Banks 2 |
|---|---|---|---|
| Overdraft up to $200 | |||
| 5 Tier Support System | |||
| Low Opening Balance | |||
| Smart Notification | |||
| Small Business Support | |||
| Large Business Support | |||
| One Touch UI |