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PERSONAL BANKING > CDs / SAVINGS / IRAs |
| Certificate of Deposit |
| A United Community Bank Certificate of Deposit is a great way to invest in your future. We can help you choose the term that works best for you - from 32 days to 3 years. See Rates |
| Savings |
| Our easiest way to save! •No minimum balance •No monthly service charge •ATM card available •Interest compounded and credited quarterly •Variable rate See Rates |
| Individual Retirement Accounts (IRA) |
| With your goals and our experience, we can work together to put a retirement plan into action. We offer Traditional and Roth IRAs along with the Coverdell Education Savings Account. Consult your tax advisor concerning your tax status. |
| Traditional IRA |
| This IRA features tax-deductible annual contributions of up to $4,000.00 for 2005-2007 per wage-earner and his/her spouse. In addition, individuals over age 50 can also make catch-up contributions. Penalty-free withdrawals occur after reaching 59 1/2 years of age or may be available for several other reasons including college expenses and the purchase of a first home. See Rates |
| Roth IRA |
| Contributions to a Roth IRA are not tax-deductible, but withdrawal of funds, including earnings past age 59 1/2, is tax free (assuming the account has been held for at least 5 years.) See Rates |
| Coverdell Education Savings (formerly Education IRA) |
| This account allows for contributions up to $2,000.00 per year per child under the age of 18 towards educational expenses. These contributions are non-deductible but the earnings are tax-deferred and distributions are tax-free if used by the account beneficiary (designated students) for the qualified expenses of Kindergarten through 12th grade, college or trade school. Remember anyone - whether related to the account beneficiary or not - may contribute towards the combined maximum of $2,000.00 of a child's Coverdell Education Savings Account. See Rates |
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