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Savings, CDs & IRAs

Keeping your money liquid is always a great idea while you earn interest. Union Bank & Trust offers three convenient savings accounts that give you easy access to your money, along with CDs that offer a fixed interest rate for a period of time.  All deposit accounts are FDIC insured up to $250,000 per account holder.

Basic Savings

  • $100 minimum balance to avoid service charges.  $5 per month will be charged if the balance falls below $100.
  • A variable rate of interest is paid quarterly.
  • Limited transactions may apply.*
  • Minor savings accounts are also available.

Money Market Savings

  • $1,000 minimum balance to avoid service charges.
  • $10 per month will be charged if the balance falls below $1,000.
  • A variable interest rate is paid monthly.
  • Limited transactions may apply.*

Electronic Transfer Account

  • A monthly direct deposit of government benefits is required to be eligible (Social Security, Supplemental Security Income (SSI), Veterans Benefits, Railroad Retirement, Civil Service Salary or Retirement, or Military Retirement).
  • No minimum balance.
  • $3 monthly service charge.
  • Limited transactions may apply.*

*Savings accounts are limited to 6 free withdrawals per month. Additional withdrawals are $1 each.  Fees may reduce earnings.

Do you like the idea of getting a guaranteed competitive rate on your savings? Come to Union Bank & Trust for a Certificate of Deposit. We pay competitive rates and you can select the term that fits you best. Balances are FDIC insured up to $250,000.

Certificates of Deposit

  • Guaranteed rate.
  • Variety of terms available; $1,000 minimum deposit.
  • Penalty for early withdrawal.

Saving for retirement doesn’t happen by itself. That is why you should visit our community bank to help you make the best choice for your IRA.  Each IRA has distinct tax advantages, see one of our IRA specialists to explain all the details.

Individual Retirement Accounts

  • 12, 24 and 36 month maturities
  • Contribution limit for 2018: $5,500 (if you are age 50 and over, you can make an additional $1,000 catch-up contribution)
  • Roth IRA: Your IRA contributions are not tax-deductible, and account growth and withdrawals are tax-free.
  • Traditional IRA: Your IRA contributions may be tax-deductible, but account growth and withdrawals are taxed when you take the money out.
  • Penalty for early withdrawal
  • Contact us for current interest rates

Conveniences: Take more control of your account. Each account comes with great conveniences that make it easy to manage your money. Click here for details.

  • ATM Card
  • Free Online Banking
  • E-statements
  • Automatic Transfers
  • Direct Deposit
  • Credit Cards
  • Gift Cards and more


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