One United Bank invites consumers to take advantage of their high yield savings account that earns 3.00% APY. This is through their Unity Gold E- Savings program that requires $1000 to open.

The account can be opened by completing an online application. Most of the time the bank will not require any thing to be sent via postal mail. The account holder will receive an email with regard to instruction concerning online banking. According to the customer service representative, One United does not do a hard credit pull for this account.

The high interest rate savings does not collect any monthly maintenance fees, does not impose any minimum balance requirements, and does not collect ATM fees when used via proprietary ATMs.

The rates have dropped since the program was started. It remains very good money bank in the deal though with the current bearish economy.

ACH transfer facility is available. The savings account can also be linked to unlimited number of bank accounts. The bank will also do some trial checks when finalizing your account application.

Fund transfers through standard ACH takes about three days to reflect on your account. Outbound standard ACH transfers are limited to $20 per day and 40$ per month. Inbound is restricted to $20 on a daily basis and $100 per month. Premium ACH transfers take a day to be credited but charges $10.

Earnings are compounded and credited on a quarterly basis based on the disclosure of the bank. Interest that has not been accrued yet will not be credited if a consumer will close the account.

One United Bank is insured with the FDIC through certificate # 23966.