Business Savings Account Comparison

Savings

At First United, we understand that business owners have unique savings goals, so we offer accounts that help you achieve them. Whether you need a savings account to protect cash or to create growth for your business, My Bank has you covered.

  My Elite Business Savings My Business Prime Saver My Business Choice Money Market
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Monthly Maintenance $6.99 (can be avoided by meeting minimum balance requirement) $0.00 $14.99 (can be avoided by meeting minimum balance requirement)
Minimum Balance Requirements $200.00 $0.00 $2,500.00
Minimum to Open $50.00 $100.00 $50.00
Overview

Offers a convenient way to save money for emergencies or future purchases.

Adjustable rate savings solution that allows additional deposits to be made at any time. The interest rate can adjust monthly, however, it will always earn a fair market rate.

Limited-transaction investment account.

Interest Compounding

Compounds and is paid quarterly

Compounds and is paid monthly

Compounds and is paid monthly

Withdrawal Limits*

6 per statement cycle

6 per statement cycle

6 per statement cycle

Check Card Available

First United ATM Charge

FREE

FREE

FREE

Non-First United ATM Charges

$2.99

$2.99

$2.99

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* Transfers and withdrawals including account to another account or to third parties by preauthorized, automatic, telephone, computer transfers, check, draft, or similar order to third parties

CDARS

* Through the Certificate of Deposit Account Registry Service, or CDARS, you can invest in CDs in amounts beyond standard FDIC limits.

" Whether it’s getting a bank letter or a truck loan, it’s nice to go to someone you know who knows you, gives you what you need right now. In business we don’t have the time to ask everything and write everything down to your shoe size. You go in the same day or you call in, pick up the letter, it’s ready to go. You can’t do that at another bank"

George & Matt Scheffel, Allegheny Welding

Business Internet Banking

My Bank offers secure, 24/7 access to your accounts. You never have to wonder what your money is doing.

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Mobile Banking Appss

The power to manage business finances securely is right at your fingertips.

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Industry Solutions

We have specialized tools that can help any business grow and succeed.

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My Bank believes the best business banking is completely personal.

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NOTICE

Some customers have reported receiving text message alerts, stating that their debit card has been "blocked" and that they need to reply to the text message with their full debit card number. This is a phishing attempt and you should never enter your card information or any other private personal information into a text message or email.

Please know that First United will never ask you for confidential or private information through text, email or social media channels. If you are ever unsure about a communication from the Bank, please contact our Customer Care Center directly at 1-888-692-2654.

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