The period of deposit may be outstretched up to a maximum period of 20 years in the case of institutions government undertakings, corporate bodies in order to fulfill their special needs like the creation of sinking fund, amortization fund etc., or for individuals for any other needs. Interest rates are subject to change. Hence depositor will ascertain the rates as on the date of placement from the website. Aggregate value of deposits placed by a depositor on the day for an identical tenor will be taken for deciding applicable interest rate.
Get a great rate on your account
Effective as of December 24, 2020
Rates for certificates of deposit & individual retirement accounts (IRAs)
Union Bank Fixed Deposit Rates 2020
| TERM | $1,000-$24,999.99 APY* | $25,000 & OVER APY* |
|---|---|---|
| 3 months (CD only) | 0.15% | 0.25% |
6 months | 0.20% | 0.30% |
| 9 months | 0.25% | 0.35% |
| 10 months | 0.30% | 0.40% |
| 11 months | 0.40% | 0.50% |
12 months | 0.45% | 0.55% |
| 13 months | 0.45% | 0.55% |
| 15 months | 0.50% | 0.60% |
| 15 months Access** (CD only) | 0.50% | $10,000 min to open (new money) |
| 16 months | 0.50% | 0.60% |
| 17 months | 0.50% | 0.60% |
18 months | 0.50% | 0.60% |
| 19 months | 0.55% | 0.65% |
| 20 months | 0.60% | 0.70% |
| 22 months | 0.65% | 0.75% |
| 24 months Open Online | 0.65% | 0.75% |
| 27 months | 0.65% | 0.75% |
| 30 months | 0.75% | 0.85% |
| 36 months | 0.80% | 0.90% |
| 48 months Open Online | 0.80% | 0.90% |
| 60 months Open Online | 0.80% | 0.90% |
Variable Rate Individual Retirement Accounts | ||
| 18 month Variable*** | 0.55% | 0.65% |
*The Annual Percentage Yield (APY) is based on quarterly compounding. Unless otherwise noted, you must maintain a minimum balance of $1,000 to open the account and obtain the APY. Penalty for early withdrawal, which may reduce earnings.
**The Access CD offers a guaranteed annual percentage yield with the flexibility of penalty free withdrawals. Withdrawals made during the 6 days after opening or 6 days after each subsequent withdrawal will be assessed a penalty, which may reduce earnings. Requires $10,000 minimum to open
***Variable Rate IRA rate is subject to change after the account is opened. No minimum balance required to open account or obtain APY.
Effective as of October 8, 2020
Checking account rates
Union Bank Fixed Deposit Rates
Simply Free Plus checking$1000 minimum to open | ||
| Balance | Interest Rate | APY* |
| $0.01 to $100,000 | 0.70% | 0.70% |
| Over $100,000 | 0.10% | 0.10% |
Simply Free Plus checking $1000 minimum to open | ||
| Balance | Interest Rate | APY* |
| $0.01 or more | 0.05% | 0.05% |
Simply Free Platinum checking | ||
| Balance | Interest Rate | APY* |
| $100 to $4,999.99 | 0.05% | 0.05% |
| $5,000 to $9,999.99 | 0.05% | 0.05% |
| $10,000 to $24,999.99 | 0.05% | 0.05% |
| $25,000 and over | 0.05% | 0.05% |
You must maintain a daily minimum balance of $100 to obtain the APY.
*The Annual Percentage Yield (APY) is based on monthly compounding. Rates subject to change at any time. Special restrictions may apply. Minimum opening balance is $1000 unless noted otherwise. Fees may reduce earnings.
**Statement cycle activity requirements: 12 debit card purchases posted (excludes ATM transactions), receive e-Statements via online banking (requires ongoing valid email address), access online banking, direct deposit posted.
Effective as of October 8, 2020
Money market and savings rates
Value Edge Money Market Account$10,000 minimum to open | |||||
| Balance | Interest Rate | APY* | |||
| Less than $10,000 | 0.05% | 0.05% | |||
| $10,000 to $49,999.99 | 0.10% | 0.10% | |||
| $50,000 to $249,999.99 | 0.15% | 0.15% | |||
| $250,000 to $499,999.99 | 0.20% | 0.20% | |||
| $500,000 and over | 0.20% | 0.20% | |||
Union Money Fund$50 minimum to open | ||||
| Balance | Interest Rate | APY* | ||
| $2,500 to $4,999.99 | 0.05% | 0.05% | ||
| $5,000 to $24,999.99 | 0.05% | 0.05% | ||
| $25,000 to $49,999.99 | 0.10% | 0.10% | ||
| $50,000 to $99,999.99 | 0.15% | 0.15% | ||
| $100,000 and over | 0.15% | 0.15% | ||
| You must maintain a daily minimum balance of $2,500 to obtain the APY. | ||||
Simply Savings account$25 minimum to open | ||||
| Balance | Interest Rate | APY* | ||
| $0.01 or more | 0.05% | 0.05% | ||
Simply Savings Student account$25 minimum to open | ||||
| Balance | Interest Rate | APY* | ||
| $0.01 or more | 0.20% | 0.20% | ||
*The Annual Percentage Yield (APY) is based on monthly compounding. Rates subject to change at any time. Special restrictions may apply. Fees may reduce earnings.
Effective as of October 8, 2020
Health savings account rates
| Balance | Interest Rate | APY* |
|---|---|---|
| Less than $2,500 | 0.05% | 0.05% |
| $2,500 to $9,999.99 | 0.10% | 0.10% |
| $10,000 to $24,999.99 | 0.20% | 0.20% |
| $25,000 and over | 0.40% | 0.40% |
*The Annual Percentage Yield (APY) is based on monthly compounding. Rates subject to change at any time. Special restrictions may apply. Fees may reduce earnings.