Certificates of Deposit
A Union Bank CD offers 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.
*See our Rates page for details.
Individual Retirement Accounts
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.
A Traditional IRA is tax-deferred account that is available to any person with earned income who is under the age of 70 ½. Contributions cannot exceed $5,500.00 + COLA (cost of living adjustments) or 100% of compensation for customers under age 50 for tax year 2016 (whichever is less). Contributions for customers who are 50 years of age and over cannot exceed $6,500.00 + COLA or 100% of compensation for 2016 (whichever is less).
Your Roth IRA assets are available to you without tax or penalty when the account has been open for 5 years and you are age 59½ or more. Contributions may be made after age 70½. Roth contribution limits are the same as Traditional IRAs.
An Education IRA is a tax-deferred account that can be established for each beneficiary and annual contributions can be made until the beneficiary attains age 18. Contributions cannot exceed $2,000.00 a year.