- No monthly service fees
- No minimum opening deposit
- Visa® Debit Card
Our Unified Checking Account is packed with features that make banking easier and more rewarding. With this truly free checking account, you'll never have to worry about monthly service fees or maintaining a minimum balance, plus you'll earn interest on your account balance each month. Open an account today and enjoy all the features of a convenient account, including:
In addition to the everyday features and benefits, you can also earn more each month when you qualify for the enhanced perks of Unified Checking:
To earn enhanced perks, just meet a few simple qualifiers each month:
In order to support yourself after retiring, you will need a source of income that will stretch further than the safety net of Social Security.
Some employers offer traditional pensions, which pays retirement income based on your final salary and time on the job. Others contribute to a cash balance, profit sharing or other plan on your behalf. But most employers offer you the opportunity to participate in a salary reduction plan, such as a 401(k) or 403(b).
If you participate in your employer’s 401(k) or 403(b) plan, a percentage of your gross income will be withheld each pay period in an account in your name and will accumulate tax-deferred earnings on those contributions. That means the earnings are reinvested to increase the base on which additional earnings can accumulate, a process called compounding.
Participating in a 401(k) or 403(b) plan has three big advantages:
1. Any tax-deferred contributions reduce your current income taxes since they are subtracted from your income before tax withholding is calculated.
2. Contributions to a tax-free Roth 401(k) or 403(b) aren’t deductible. But when you withdraw after 59½, your earnings are tax free if your account has been open at least five years.
3. Many employers match a percentage of the contributions you make.
When compounding is involved, time is money. The more years that you add contributions to your plan and the more years that any earnings increase your principal, the larger your account balance has the potential to grow.
Of course, there are no guarantees about either the rate or the regularity of the earnings. They may be outstanding one year and dismal the next or they alternate between periods of growth and decline. That is the reality of investing. Having time on your side means that bumps in the road, like a period when investment prices go down and your account value shrinks, may be setbacks - but they don’t have to be fatal.
To show the impact of early investing in a 401(k) or other retirement savings plan, use a savings calculator to compare the potential results if you begin investing at different points in your working life.
For example, assume your employer doesn’t match your contributions and you contribute $5,000 every year, earning 8% interest and will stop contributions at age 65.
Remember that returns are not guaranteed. Your return could be low and you could lose as well as make money – that’s why it’s important to start saving early.
401(k) plans are the most common and best known, employer sponsored salary reduction plans. But they’re not the only ones. If you work for a not-for-profit organization such as a school or college, a hospital, cultural institution or charitable organization, your employer may offer a 403(b) plan, which operates in much the same way as a 401(k).
Similarly, the plan a state or municipal government offers may be a 457 plan, while federal government departments and agencies provide a thrift savings plan (TSP). And if you work for a small company—one with fewer than 100 employees—you may be part of a SIMPLE plan, an acronym for Savings Incentive Match Plan for Employees.
The rules differ slightly for each type of plan and even among plans of the same type. But all offer the opportunity for tax-deferred earnings.
Content provided for informational purposes only and should not be interpreted as legal advice on any subject matter.
*APY = Annual Percentage Yield. Rate may change after account is opened. The APY is accurate as of the last dividend declaration date. If your account balance is from $0.01 to $15,000.00 and qualifications are met, the Annual Percentage Yield will be 1.00%. If your account balance is $15,000.01 and above and you have met the qualifications, the Annual Percentage Yield will range from 1.00% to 0.19%. To earn 1.00% APY on up to $15,000 of the average daily account balance and to receive up to $10 per month in non-Georgia United ATM surcharge fee refunds, there is no minimum account balance requirement; however, the account must perform at least 15 Georgia United debit and/or credit card transactions that post and clear during the month, have a monthly direct deposit of $500 or more and be enrolled in E-Statements. If you do not meet the qualifications the APY will be 0.05%. Overdraft/returned item fees may apply, see Share Rates and Fees Schedule for additional fees that may apply. All Credit Union programs, rates, terms and conditions are subject to change at any time without notice.
**Courtesy Pay is a standard overdraft practice that comes with a Unified Checking Account. An overdraft occurs when you do not have enough money in your account to cover a transaction, but we pay it anyway. We authorize and pay overdrafts for checks and other transactions made using your checking account number, and automatic bill payments. We do not authorize and pay overdrafts for ATM and everyday debit card transactions unless you ask us to. We will charge you a Courtesy Pay fee of $35 each time we pay a transaction. We also offer overdraft protection plans, such as a link to your other accounts, which may be less expensive than our standard overdraft practices. We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction. Your account must be brought current within 30 days of initial use.
***Items transmitted using this service are not subject to the funds availability requirements of the Federal Reserve Board Regulation CC. Deposits accepted using this service will be available within two business days. Georgia United may make such funds available sooner.
The National Credit Union Administration (NCUA) insures your deposits (in savings, savings certificates, and share-draft/checking accounts) up to $250,000. IRAs are insured separately to $250,000.