Current Rates

The Union Bank Certificates of Deposit

Rates Offered as of December 30, 2013

* No Interest Compound

Product
Minimum Deposit
Int. Frequency in Days
Annual Percentage Yield (APY)
31 Days - *No Monthly Compound
2,500
31
0.05%
91 Days - *No Quarterly Compound
2,500
91
0.10%
182 Days - *No Semi-Annual Compound
2,500
182
0.45%
12 Month - *No Annual Compound
1,000
365
0.60%
24 Month - Annual Compound
2,500
365
0.90%
36 Month - Annual Compound
1,000
365
0.95%
5 Year - Annual Compound
1,000
365
1.60%
 
 
 
 
 

** Annual Compounded Interest

**Product
Minimum Deposit
Int. Frequency in Days
Annual Percentage Yield (APY)
1 Year IRA
-
365
0.60%
2 Year IRA
-
365
0.90%
5 Year IRA
-
365
1.60%

No compounded interest situations constitutes check is mailed to customer or deposited in some other transferable account on a monthly basis. Compounded interest situations constitutes interest is redeposited into product offered.

Regular and Christmas Club Savings

Product
Int. Frequency in Days
Annual Percentage Yield (APY)
Regular Savings - Qtrly. Compound, Pd. Qtrly.
90
0.15%
Christmas Club - *No Annual Compound
365
0.15%

Transaction Accounts

Product
Minimum Deposit
Int. Frequency in Days
Annual Percentage Yield (APY)
Regular Now
1,000
30
0.15%
Insured Money Market Plus
2,000
30
0.25%

 

Note: Rates posted are subject to change without notice.

Penalty for early withdrawal apply and will or may be imposed. Any fees imposed could reduce the earnings on the account.

* Annual Percentage Yield (APY) - the yield you earn on a deposit over a year.

* The formula for calculating APY on an Excell Spreadsheet is as follows:

  • =POWER((1+(A1/B1)),B1)-1
  • A1 would equal the rate
  • B1 would equal the compounding frequency
  • Try pasting this formula into any cell on a spreadsheet other than cell A1 or B1. In cell A1 you would put the stated annual interest rate - in decimal format. For example; if the stated annual rate is 6%, you would type in ".06" in cell A1.
  • Then, you would put the number of times your interest would compound each year. For example; for daily compounding you would enter "365" in cell B1.