Savings
Union Bank & Trust Co. is here to help you reach your savings goals, whether you’re working toward a special purchase, saving for college or building your nest egg. We offer a range of savings accounts, giving you the flexibility to choose the one that will best help you meet those goals. And with our Johnny Appleseed Savings Account, you can instill good savings habits in your children and grandchildren – habits that will benefit them throughout their lives. Click on each saving account option below to learn more.
Everyone needs a regular savings.
Union Bank offers an account with several advantages. Interest is earned on any balance over $100.00. Immediate availability of funds is offered and a statement is mailed quarterly.
You are able to make (3) free withdrawals each quarter and $1.00 will be charged for each additional withdrawal if your balance falls below $300.00.
You may make no more than six pre-authorized withdrawals, automatic, telephone or Internet Banking transfers, checks, drafts and debit card transactions from your account per month or statement cycle.
- Must be tied to the Ultimate Checking account
- Actively participate in Internet Banking
- Receive E-Statements
- Premium interest rate on $0 - $15,000
- No minimum balance to maintain ($100 to open)
- Make 3 free withdrawals each quarter; $1.00 will be charged for each additional withdrawal if your balance falls below $300.00
- If you do not access your Internet Banking account for 60 days, access will be revoked and your account will be changed to a Regular Savings Account which has a lower interest rate
- Tiered interest rates: Contact bank employee for further information on rates and terms.
You may make no more than six pre-authorized withdrawals, automatic, telephone or Internet Banking transfers, checks, drafts and debit card transactions from your account per month or statement cycle.
- Interest Bearing Savings Account for Children 17 and under
- Interest Earned on Entire Balance
- Only $10 to Open
- Quarterly Statements
- Newsletters, Periodic Activities and Incentives to Save
You may make no more than six pre-authorized withdrawals, automatic or telephone transfers, checks, drafts and debit card transactions from your account per month or statement cycle.
Johnny Appleseed Junior Ecology Club
- Interest Bearing Club Account Paid at Maturity
- Maturity is 2nd Week in November
- No Statements Printed or Mailed
- Weekly Choices of $10, $20, or $30 for Coupon Book (mailed)
- Automatic Transfer Instead of Coupon Book can be set up
- No Withdrawals without closing account which includes a penalty if closed within 6 days of a deposit (Penalty is 7 days of Interest)
- Same Account Number used from year to year
- Checks mailed by 3rd week in November
It's still a great investment.
You can start your IRA for only $100 and make deposits anytime during the year. Both fixed interest or variable interest rates are available and ALL interest earned is tax sheltered. Withdrawals may begin when you reach the age of 59 1/2. (SUBSTANTIAL PENALTY FOR AN EARLY WITHDRAWAL)
To earn higher interest many of Union Bank's customers choose a Certificate of Deposit. Your certificate earns high interest based on the term you choose. Your interest may be paid by check, deposited to the account of your choice, or compounded. Interest can be paid monthly, quarterly, semi-annually or annually. The minimum deposit for a certificate is $500.00 (SUBSTANTIAL PENALTY FOR EARLY WITHDRAWAL) of funds is offered and a statement is mailed quarterly.