Certificates of Deposit (CDs)

Our CDs offer you a flexible savings option with a fixed rate of return, competitive interest rates, and a great lineup of options, running from three months to five years. Best of all, you can get started for as little as $500.00 and interest may be credited to another Union Bank account or compounded.

 


Individual Retirement Accounts (IRAs)
Save smart with the help of one of our Union Bank IRA specialists. We’re here to help you set up a retirement plan that's right for you. Consult your personal tax adviser for information regarding tax deductibility.
Traditional IRA
A tax deferred account.
This means you contribute
money before its taxed,
and you don't owe taxes
on those contributions or
your earnings until you
withdraw the money.
Roth IRA
Not tax deferred. Meaning
you owe taxes when you
contribute but, you won't
have to worry about paying
them later and your
contributions can grow
tax-free if your account has
been open at least five years
and you're at least 59½
years of age.
Education IRA
A tax deferred account
that can be established
for each beneficiary.
Annual contributions
can be made until the
beneficiary attains age
18. Contributions cannot
exceed $2,000 a year.

IRA Contributions Limits
For 2024, the total contributions you make each year to all of your Traditional IRAs and Roth IRAs can't be more than:
  • $7,000 ($8,000 if you're age 50 or older), or
  • If less, our taxable compensation for the year
 
For 2023, the total contributions you make each year to all of your Traditional IRAs and Roth IRAs can't be more than:
  • $6,500 ($7,500 if you're age 50 or older), or
  • If less, our taxable compensation for the year
 
For 2022, 2021, 2020 and 2019, the total contributions you make each year to all of your Traditional IRAs and Roth IRAs can't be more than:
  • $6,000 ($7,000 if you're age 50 or older), or
  • If less, your taxable compensation for the year

For 2018, 2017, 2016 and 2015, the total contributions you make each year to all of your Traditional IRAs and Roth IRAs can't be more than:
  • $5,500 ($6,500 if you're age 50 or older), or
  • If less, your taxable compensation for the year

The IRA contribution limit does not apply to:
  • Rollover contributions
  • Qualified reservist repayments

Find additional IRA limits and guidelines through the IRS website.
 
IntraFi Network Deposits - Certificate of Deposit (CD) Option
It's the easiest way to enjoy full FDIC insurance on deposit amounts larger than $250,000.

Are you saving enough?
See how much you should be saving in order to enjoy the standard of living you want when you retire.

Deposit Rates.
Check and compare our current rates.



The Union Bank Co.

105 Progressive Drive
Columbus Grove, OH 45830
(800) 837-8111
Routing Number - 041213759

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The Union Bank Co. NMLS: 433131