Equipment and major components (like the roofs) must be replaced from time to time, regardless of whether we plan for the expense. Living in the Carolinas you could experience weather damages, which can be pretty expensive, if you haven’t set the money aside ahead of time.
Union Bank HOA Services has extended its offering of VERY competitive rates for your reserve funds. These new rates also include a surety bond to cover any funds over the $250K FDIC Insurance. This special is only available for new funds coming to Union Bank from an outside bank or investment fund. For the Money Market account the rates are good for one year.
For more information, view the Union Bank HOA Reserve Promotions flyer below: