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OneUnited Press Releases
OneUnited Bank Cited By Money Magazine For Its High Rate Internet Savings Account January 22, 2008 | [ PDF ]
Cooper Elected Chairman of NBA October 25, 2007 | [ PDF ]
OneUnited Bank Launches New Ad Campaign Highlighting Women August 13, 2007 | [ PDF ]
Black-Owned OneUnited Bank Opens New Location in Heart of Boston's Black Community May 30, 2007 | [ PDF ]
OneUnited Bank CEO Kevin Cohee receives Recycling Black Dollars’ 2006 Distinguished President’s Award November 16, 2006 | [ PDF ]
Rodrick Kemp Promoted to Business Development Officer at OneUnited Bank November 1, 2006 | [ PDF ]
Sheri Brewer Promoted to Chief Retail Officer/Senior VP at OneUnited Bank September 18, 2006 | [ PDF ]
OneUnited Bank Announces Winners of the "Covenant Celebration and Conversation Weekend" Held in Partnership With the Covenant Tour August 23, 2006 | [ PDF ]
U.S. Department of Treasury Recognizes OneUnited Bank for Outstanding Lending Practices in Community Development August 10, 2006 | [ PDF ]
OneUnited Bank Appoints Teri Williams President July 11, 2006 | [ PDF ]
OneUnited Bank Announces Sponsors National "Covenant With Black America" Tour As It Hits Philadelphia, The City of Brotherly Love May 8, 2006 | [ PDF ]
OneUnited Bank Announces National Sponsorship of "Covenant With Black America" Tour to with Tavis Smiley April 17, 2006 | [ PDF ]
OneUnited Bank Brings National "Covenant With Black America" Tour to South Florida March 31, 2006 | [ PDF ]
OneUnited Bank, First Black-Owned Internet Bank, Increases Internet Savings Rate to 4.25% APY, Highest In Nation March 16, 2006 | [ PDF ]
OneUnited Strives to Make History On the Web February 26, 2006 | [ PDF ]
OneUnited Bank Becomes First Black-Owned Internet Bank in America February 21, 2006 | [ PDF ]
OneUnited Bank Financed New Commercial Development in Grove Hall, Boston January 23, 2005 | [ PDF ]
OneUnited Bank Announces New Mortgage Program And Advertising Campaign Targeting Urban Communities September 27, 2005 | [ PDF ]
OneUnited Bank Completes Largest Debt Offering By African-American Bank To African-American Developer May 2, 2005 | [ PDF ]


OneUnited Bank Cited By Money Magazine For Its High Rate Internet Savings Account


January 22, 2008 - Los Angeles, CA OneUnited Bank was cited by Money Magazine for its high rate internet savings account in its January 2008 issue "The Best Money Websites". The magazine article entitled "The Party isn't Over for Savers" cites OneUnited Bank for offering 5.30% APY*.

"OneUnited Bank is committed to offering great rates that are comparable to other premier online financial service providers to encourage our customers and community to save," stated Kevin Cohee, Chairman & CEO of OneUnited Bank. "We have been promoting increased savings since 2006 when we became the first Black-owned internet bank in the country. During these difficult financial times, OneUnited Bank hopes our community will become believers in the importance of saving money to support their dreams and aspirations and protect them during difficult times."

In its January 2008 issue, Money Magazine stated that despite two recent Fed rate cuts, you can still obtain high yields on your cash. OneUnited Bank was cited along with four other financial institutions for high rate money market and savings accounts. OneUnited Bank has offered its current rate since May 15, 2007.

OneUnited Bank (www.oneunited.com) is the first inter-state and fastest growing Black-owned bank in the U.S. with $640 million in assets and branches in Massachusetts, Florida and California. The Bank's mission is to be the premier bank serving urban communities by offering affordable financial services, while maintaining superior financial performance. The FDIC insured Bank has grown through a combination of organic growth and by acquiring community banks in Massachusetts, Florida and California that share its mission. OneUnited Bank is a certified Community Development Financial Institution by the Department of Treasury and an Equal Housing Lender.
 
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* The interest rate (3.55%) and annual percentage yield (APY) (3.60%) is effective today and has been effective as of April 7, 2008. $1,000.00 minimum balance to open and earn disclosed APY. All rates are subject to change daily. Interest on savings is compounded and credited quarterly. Fees may reduce earnings on the account. For more information, including how interest is calculated and fees, please review our Online Truth in Savings Disclosures or speak with our Financial Service Representatives. Please call 1-877-One-United or 877-663-8648 for current rate or further detailed information.