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 $2.00 which is waived if the account holder is under age 23. To avoid the monthly service charge, maintain a daily minimum balance of $200.00.
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 monthly minimum 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.

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 monthly minimum 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.

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.

Earn up to 6.50%APY*
Enjoy a $100 Savings Bonus**
$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

_{*APY = Annual Percentage Yield. This is a variable rate account. Rates are subject to change after account opening. 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 must 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. Ask a bank representative for these terms. **To receive the $100 account bonus, you must have an opening deposit of at least $100 and a total of at least $100 must remain in the account for 90 days. At the end of the 90 days, you will be eligible for a $100 bonus to be deposited. Bonus will be awarded on next statement after qualifiers have been met. Limit one $100 bonus per social security number. Offer valid on the first Ohio Homebuyer Plus account opened at The Union Bank Company. Bonus payout may be taxable as interest income and report on IRS Form 1099-INT. Consult your tax advisor. The Union Bank Company reserves the right to change this offer at any time.}