APY Accurate as of August 18, 2014

Union Interest Rewards
Union Basic Plus
Money Market
Certificates of Deposit

Union Interest Rewards

 

IF QUALIFICATIONS ARE MET:    
Balance Interest Rate APY*
$0 to $10,000.00 1.98% 2.00%
$10,000.01 to $20,000 1.00% 1.00%
$20,000.00.01+ 0.25% 0.25%
     
IF QUALIFICATIONS ARE NOT MET:    
Balance Interest Rate APY*
$0 and over 0.05% 0.05%

Minimum to Open a Union Bank checking account  = $50

 

*Rate Information:  This Account is an interest bearing account.  If qualifications are met, each monthly statement cycle, the following rates will apply.  If the daily balance is less than $10,000.01, the interest rate paid on that portion of the balance will be 1.98%.  The annual percentage yield for this tier will be 2.00%.  If the daily balance is more than $10,000 but less than $20,000.01 the interest rate on that portion of the balance will be 1.00%.  The annual percentage yield for this tier will be 1.00%.  If the daily balance is more than $20,000 the interest rate on that portion will be 0.25%.  The annual percentage yield for this tier will be 0.25%.  The annual percentage yield for these tiers will range from 2.00% to 0.25%.  Fees may reduce earnings.

The interest rate and annual percentage yield may change.  At our discretion, we may change the interest rate on the account daily.  Interest begins to accrue on the business day you deposit noncash items (for example, checks).  Interest will be compounded daily and will be credited to the account monthly.

Balance Information:  We use the daily balance method to calculate the interest on the account.  This method applies a daily periodic rate to the balance in the account each day.  We will use an interest accrual basis of 365 (or 366 in leap year) for each day in the year.

 

Union Basic Plus

Balance Interest Rate APY*
$0 to $999.99 0.01% 0.01%
$1,000 to $9,999.99 0.02% 0.02%
$10,000 to $49,999.99 0.03% 0.03%
$50,000 to $99,999.99 0.05% 0.05%
$100,000+ 0.05% 0.05%

Minimum to Open a Union Bank checking account = $50

 

*APY = Annual Percentage Yield
Rates Subject to Change at Bank's Discretion
Variable Rate Accounts - rates may change after the account is opened
Complete Details upon Request
Fees could reduce earnings on the account

 


Personal Money Market Savings

Minimum Balance** Interest Rate APY*
$0 - $24,999.99 0.01% 0.01%
$25,000 - $49,999.99 0.02% 0.02%
$50,000 - $99,999.99 0.03% 0.03%
$100,000 - $249,999.99 0.04% 0.04%
$250,000 - $399,999.99 0.05% 0.05%
$400,000 and up 0.10% 0.10%

No minimum deposit to Open the Money Market Savings

Business Money Market Savings

Minimum Balance** Interest Rate APY*
$0 - $49,999.99 0.01% 0.01%
$50,000 - $99,999.99 0.03% 0.03%
$100,000 - $249,999.99 0.04% 0.04%
$250,000 - $399,999.99 0.05% 0.05%
$400,000 and up 0.10% 0.10%

No minimum deposit to Open the Business Money Market Savings

Union Premier Money Market Savings (1)

Minimum Balance** Interest Rate APY*
$0 - $4,999.99 0.00% 0.00%
$5,000 - $24,999.99 0.01% 0.01%
$25,000 - $99,999.99 0.03% 0.03%
$100,000 - $199,999.99 0.05% 0.05%
$200,000 - $299,999.99     0.10% 0.10%
$300,000 and up 0.15% 0.15%

Minimum to Open a Union Premier Money Market Savings = $5,000.00

 *APY = Annual Percentage Yield
**Minimum Balance required to earn APY
(1) With qualifying relationship.
Rate may change after the account is opened
Rates Subject to Change at Bank's Discretion Complete Details Upon Request
Fees may Reduce Earnings on Savings & Money Market Accounts


 

CDs

Special CDs

 

90 Day CD(1)

 Term  Interest Rate  APY*  Minimum Balance**
 90 Day CD          0.01%  0.01%  $500.00

 

 

 11-Month Special CD(3)

 Term                             Interest Rate             APY*          Minimum Balance **     
 11-Month CD              0.35% 0.35%  $500.00

 

 

 11-Month Special CD(2)

 Term                             Interest Rate             APY*          Minimum Balance **     
 11-Month CD              0.25% 0.25%  $500.00

 

25-Month Special CD(3)
Term    Interest Rate APY*     Minimum Balance **  
25-Month CD 0.75% 0.75% $500.00

 

25-Month Special CD(2)
Term    Interest Rate APY*     Minimum Balance **  
25-Month CD 0.65% 0.65% $500.00

 

57-Month Special CD(3)
Term Interest Rate APY*` Minimum Balance **
57-Month CD 1.10% 1.11% $500.00

 

 57-Month Special CD(2)

Term Interest Rate  APY*  Minimum Balance**
 57-Month CD 1.00%                      1.00% $500.00                         

 Board CDs

 

 Term  Interest Rate  APY* Minimum Balance**
 6 Month CD 0.02% 0.02% $500.00                    
12 Month CD 0.03% 0.03% $500.00
18 Month CD 0.07%  0.07%              $500.00
24 Month CD  0.15%  0.15%  $500.00 
36 Month CD 0.20% 0.20% $500.00
48 Month CD 0.20% 0.20% $500.00
60 Month CD        0.30% 0.30%  $500.00

 

 

Statement Savings - $50 Minimum to Open

 Interest Rate = 0.01% ~ APY* = 0.01%

 This is a Variable Rate Account

   

     Withdrawals are limited to three per month, additional withdrawals $0.50 each

 (Limited withdrawals include staff-assisted transactions by telephone, mail or in person.)

 

* APY = Annual Percentage Yield
**Minimum Balance required to obtain APY
For Personal and Business accounts of less than $100,000
Rates subject to change without notice.  This offer may be withdrawn at any time.
Fees may reduce earnings.
Not valid with any other offer.

Substantial Penalty for Early Withdrawal on CDs.

(1) Allows the ability to withdraw any or all without penalty or deposit to after the initial 7 days.
(2) Interest to be compounded or paid to a Union Bank deposit account.
(3) Must have a checking account with Union Bank to qualify for this special rate