Savings Options

If 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.

Account Details: The minimum opening deposit is $50.00, which is waived if the account holder is under age 23. The monthly service charge is $3.00 which is waived if the account holder is under age 23. To avoid the monthly service charge, maintain a minimum daily balance of $300.00.
Account Access: Easy access to your funds through Online and Mobile Banking. ATM access available, or tie this account to your Union Bank Debit Card.
Interest Earned: This account earns a variable rate of interest. Interest is compounded monthly and paid monthly.
Withdrawal Limits: 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.

Money Market Savings

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

Account Details: There is no minimum deposit to open. The monthly service charge is $6.00. To avoid the monthly service charge, maintain a minimum daily balance of $1,000.00.
Account Access: Easy access to your funds through Online and Mobile Banking. ATM access available, or tie this account to your Union Bank Debit Card.
Interest Earned: This account earns a variable rate of interest. Interest is compounded daily and paid monthly.
Withdrawal Limits: 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.

Premier Money Market

A great savings options for account holders looking to keep a high balance. This account requires a Union Bank primary checking account.

Account Details: The minimum opening deposit is $5,000.00. Must have a primary Union Bank checking account to open. The monthly service charge is $20.00. To avoid the monthly service charge, maintain a minimum daily balance of $20,000.00.
Account Access: Easy access to your funds through Online and Mobile Banking. ATM access available, or tie this account to your Union Bank Debit Card.
Interest Earned: This account earns a variable rate of interest. Interest is compounded daily and paid monthly.
Withdrawal Limits: Six (6) withdrawals per month, additional withdrawals $10.00 each. Limited withdrawals include staff-assisted transactions by telephone, mail or in person. Does not apply to ATM withdrawals.

If primary checking account is closed, the interest rate on your account will be reduced to our current Money Market Savings product.

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.

Account Details: The minimum opening deposit is $5.00. There is no monthly service fee and no minimum balance requirement. We encourage you to set up an automatic deposit from another Union Bank account to help your savings add up faster.
Interest Earned: This account earns a variable rate of interest. Customers receive an increased interest rate with an automatic deposit from another Union Bank account.
Account Payout: 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.

Health Savings Account (HSA)

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

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.
Account Details: The minimum opening deposit is $50.00 There is a $25.00 one-time set-up fee. There is a $2.00 monthly service charge, however this monthly fee is waived if you maintain a minimum daily balance of $25,000 in combined deposits with The Union Bank Company.
Interest Rate: A competitive interest rate is paid on all balances.
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 Savings Account

As your trusted banking partner, we're excited to introduce Ohio Homebuyer Plus, a savings

account designed to help you achieve your home ownership goals.

Get up to $500 Appraisal Fee Waived*
Ask your local banker for interest rates on this account.
$100 minimum to open
$100,000 maximum balance
Account must be used within five years
Balance should be used to fund a down payment or mortgage closing costs

Frequently Asked Questions

^{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 processing 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.}

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