Savings Options

Meet Your Savings Goals

Whether you're building an emergency fund, saving for a big purchase, or getting money together to invest, using an insured savings account option can put you on the right road to meet your savings goals.

Statement Savings

A typical savings account option that works great for all your savings needs.

$50.00 minimum opening deposit, unless account holder is ≤ age 23.
Interest earned - variable interest rate. Interest compounded monthly and paid monthly.
$3.00 monthly service charge. Avoid service charge by:
- Maintain a minimum daily balance of $300.00; or
- Account holder is ≤ age 23.

Money Market Savings

A mid-tier savings tool for account holders that keep a higher balance.

$1,000.00 minimum opening deposit.
Interest earned - variable interest rate. Interest compounded daily and paid monthly.
$6.00 monthly service charge. Avoid service by maintaining a minimum daily balance of $1,000.00.

Certificate of Deposit (CD)

Our CDs offer you a flexible savings option with a fixed rate of return, competitive interest rates, and a great lineup of options.

$500.00 minimum opening deposit.
See deposit rates here.
A penalty may be imposed for early withdrawal.

Christmas Club Account

This is a savings account designed as a convenient, systematic way for you to save money for the holidays or other end of year expenses.

$5.00 minimum opening deposit.
No monthly service charge or minimum balance requirement.

We encourage you to set up an automatic deposit from another Union Bank account to help your savings add up faster.

Health Savings Account (HSA)

With your HSA, you or a participating employer can put money in to save for future medical expenses.

$50.00 minimum opening deposit.
$25.00 one-time set up fee.
Competitive interest rate is paid on all balances.
$2.00 monthly service charge. Avoid service charge by maintaining a minimum daily balance of $25,000 in combined deposits with us.

Ohio Homebuyer Plus Savings Account*

A savings account designed to help you achieve your home ownership goals.

$100.00 minimum opening deposit.
$100,000.00 maximum balance.
Balance should be used to fund a down payment or closing costs on a mortgage loan.
Get up to $500.00 Appraisal Fee waived.**
Account must be used within five years.
Ask your local banker for interest rates on this account.

Frequently Asked Questions

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.

Consult your personal tax advisor for information regarding tax deductibility.

Find additional IRA limits and guidelines through the IRS website.

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.

Consult your personal tax advisor for information regarding tax deductibility.

Find additional IRA limits and guidelines through the IRS website.

Educational 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.

Consult your personal tax advisor for information regarding tax deductibility.

Find additional IRA limits and guidelines through the IRS website.

Open an Account Online

You now have the option to begin the online account opening process in a more convenient way than ever.

Apply Today!

Three (3) withdrawals per month, additional withdrawals $0.50 each. Limited withdrawals include staff-assisted transactions by telephone, mail or in person. Does not apply to ATM withdrawals.

Six (6) withdrawals per month, additional withdrawals $6.00 each. Limited withdrawals include staff-assisted transactions by telephone, mail or in person. Does not apply to ATM withdrawals.

The Christmas Club account term ends mid-October and the money you've saved will be transferred to your Union Checking Account. If no transfer account has been established, the account will continue to compound.

Customer Eligibility: Must be covered by a qualifying High Deductible Health Plan (HDHP). Not enrolled in Medicare or any other health insurance. Also, cannot be claimed as a dependent on another's tax return.
Annual Contribution Limits: Contribution limits depend on Individual or Family Plan, as well as age. These limits may also change from year to year, so please refer to www.irs.gov/pub969 for full contribution details.

Ohio Homebuyer Plus Program Requirements: 1. Participant must have their current primary residence located in the State of Ohio. 2. Participants must be at least 18 years of age. 3. Account proceeds should be used toward the down payment or closing costs of a home purchased in Ohio, with the home becoming the new primary residence of the participant. 4. Participants must review and agree to the terms of the program before the account is opened. Fees May Reduce Earnings. Ask a bank representative for these terms.

**Offer valid for new Ohio Homebuyer Plus Savings account customers only. The Union Bank Company will waive your Appraisal Fee, resulting in a savings of up to $500, on a first-lien mortgage loan that is made for the purpose of purchasing an eligible primary residence in Ohio, and originated with The Union Bank Company within 5 years of account opening. Account must be open for a minimum of 90 days to be eligible. Offer not valid if property being purchased was under contract with a previously accepted purchase offer at the time of account opening. Borrower and home must meet all eligibility requirements set forth in the Participation Statement, as well as The Union Bank Company’s standard underwriting guidelines. This is not an offer to extend credit. All loans are subject to credit application, review, and approval. Offer not valid on home equity loans or lines of credit. Cannot be combined with any other offers. Fee waiver has no cash value. Offer limited to one appraisal fee waiver per mortgage transaction and one per account. The Union Bank Company reserves the right to modify or terminate this offer at any time. Contact your local Union Bank Company office for complete details.