Business Savings & CDs

  • Certificate of Deposit

      Time Certificates of Deposits offer various terms at competitive fixed rates. This account may be for you if you have excess monies that do not need to be drawn on in the near future. Requirements Minimum opening balance $1,000.00/$100,000.001 Various terms offered - 30 days to 5 years Transfer of interest or automatic reinvestment options Automatic renewal Interest compounded daily and paid monthly, quarterly, semi-annually, annually or at maturity FDIC Insured Service Fee No Service Fees Restrictions: Penalties for early withdrawal2   1. $1000 for CD's under $100,000, $100,000 for CD's $100,000 and over. 2. Withdrawal of funds from a time deposit prior to maturity are subject to penalties; Seven (7) days interest on the amount withdrawn if the withdrawal is made within the first six (6) days after the deposit. Time Deposits with an original maturity of one year or less are subject to one month's interest penalty; Time Deposits with an original maturity of more than one year are subject to three months interest penalty. Upon death or "judicially declared incompetent" of any owner of a time certificate of deposit, whether or not named on the deposit instrument, withdrawals can be made before maturity without forfeiture of interest.   Every depositor is insured by the FDIC up to $250,000. Read More
  • Rate Increase CD

      Looking for a way to generate more income from your CD? United Security Bank has just the product for you! Our new Rate Increase CD allows you to take control of your finances. With our new Rate Increase CD, you have the ability to request a one-time rate increase during the 2 year term of this CD. Requirements $1,000.00/$100,000.00 Minimum opening balance1 2-year term Automatic renewal Interest compounded daily, paid monthly, quarterly, semi-annually, annually at maturity FDIC Insured Service Fees No service fees Restrictions: Penalty for Early Withdrawal2   1. $1000 for CD's under $100,000, $100,000 for CD's $100,000 and over. 2. Withdrawal of funds from a time deposit prior to maturity are subject to penalties; Seven (7) days interest on the amount withdrawn if the withdrawal is made within the first six (6) days after the deposit. Time Deposits with an original maturity of one year or less are subject to one month's interest penalty; Time Deposits with an original maturity of more than one year are subject to three months interest penalty. Upon death or "judicially declared incompetent" of any owner of a time certificate of deposit, whether or not named on the deposit instrument, withdrawals can be made before maturity without forfeiture of interest. Every depositor is insured by the FDIC up to $250,000.   Read More
  • Floating Rate CD

      This two year certificate allows the interest rate to rise along with the Wall Street Journal Prime Rate. However, the rate will never fall below the initial interest rate and annual percentage yield. Requirements $10,000.00 minimum opening balance1 2-year term Automatic renewal Transfer of interest or automatic reinvestment FDIC Insured Service Fee No service fees Interest Rate and Annual Percentage Yield may be changed weekly Restrictions: Penalties for early withdrawal.2 Balance may not fall below $10,000 during 2 year term. 1. $1000 for CD's under $100,000, $100,000 for CD's $100,000 and over. 2. Withdrawal of funds from a time deposit prior to maturity are subject to penalties; Seven (7) days interest on the amount withdrawn if the withdrawal is made within the first six (6) days after the deposit. Time Deposits with an original maturity of one year or less are subject to one month's interest penalty; Time Deposits with an original maturity of more than one year are subject to three months interest penalty. Upon death or "judicially declared incompetent" of any owner of a time certificate of deposit, whether or not named on the deposit instrument, withdrawals can be made before maturity without forfeiture of interest. Every depositor is insured by the FDIC up to $250,000.   Read More
  • CDARS

      With CDARS, you can enjoy full FDIC coverage, say "goodbye" to running around town to multiple banks. No more opening up multiple title accounts in different rights and capacities of family members to maximize FDIC insurance at one bank. One statement to consolidate accounts. Invest up to 50 million, with full FDIC coverage. Requirements & Features $10,000.00 Minimum opening balance Various terms offered - 4 weeks to 52 weeks, longer term maturities include 2 year, 3 year, and 5 year terms Automatic renewal option available Interest compounded daily and paid monthly, quarterly, semi-annually, annually or at maturity FDIC Insured  Service Fee No service fees Restrictions: Penalty for early withdrawal1 1. If a CD is withdrawn before the maturity date, a penalty as shown below will be imposed by United Security Bank and will be charged to the account. An early withdrawal may invade principal. No penalty will be charged for early withdrawal of a CD product upon the death of an individual who is the sole account holder of CD. This penalty waiver applies to an individual who is named account holder, as well as an individual who is the sole current mandatory or discretionary beneficiary of a trust, including the sole current beneficiary of an unitrust. Early withdrawal of a CD may be made only in whole, not in part. 4 week CD - 28 days of simple interest 13 week CD - 90 days of simple interest 26 week CD - 90 days of simple interest 52 week CD - 180 days of simple interest 2 year CD - 360 days of simple interest 3 year CD - 540 days ... Read More