Union Bank is the most popular financial form that is known for its wide range of financial services. Out of all, one significant offer includes Certificates of Deposit (CDs).

It is the most significant and highly secure investment option that represents a low-risk investment compared to stocks and bonds. Along with its various term lengths, Union Bank CD rates are designed to meet the savings goals and timelines of different customers. On the whole, Union Bank and its CD rates can ensure a valuable component of the overall financial strategy.

Let’s have the basic and comprehensive analysis in the section elaborated below;

Union Bank CD Rates Offers

here are some of the most notable CD offers by Union banks are;

6-Month CD

  • Term Length: 6 months
  • APY: 4.75%
  • Minimum Deposit: $1,000

Key Considerations:

  • Early withdrawal penalties apply
  • Rates are subject to change; lock in your rate early
High APY for short-term savingsEarly withdrawal penalties
Ideal for those with immediate goalsInterest rate might be lower than longer terms
Automatic renewal optionLimited growth compared to longer CDs

 12-Month Premier CD

  • Term Length: 12 months
  • APY: 5.00%
  • Minimum Deposit: $2,500

Key Considerations:

  • Higher minimum deposit compared to traditional CDs
  • Includes the option to add funds once during the term
Balanced term with competitive APYHigher minimum deposit required
Daily interest compounding for max earningsEarly withdrawal penalties apply

 24-Month CD

  • Term Length: 24 months
  • APY: 5.25%
  • Minimum Deposit: $5,000

Key Considerations:

  • More substantial early withdrawal penalties
  • Commitment to a longer term in exchange for higher interest rates
High APY for substantial growthSignificant early withdrawal penalties
Higher rates for larger depositsRequires longer commitment

Collective Comparison CD Rates in Table

To provide a summarized and collective comparison of the CD rates from Union Bank, here is a table summarized below;

CD OfferTerm LengthAPYMinimum DepositPros
6-Month6 months4.75%$1,000High APY for short-term, Immediate goals, Automatic renewal
12-Month Premier12 months5.00%$2,500Balanced term, Competitive APY, Daily compounding, Add funds option
24-Month24 months5.25%$5,000High APY for growth, Higher rates for larger deposits, Compound interest

 Are Union Bank CD Rates Competitive?

On the whole, Union Bank offers quite competitive CD rates. It is exceptionally significant and credible for the environment where investors are seeking the best returns on their investments. Moreover, the cd rates offer security without exposing themselves to high risk. 

With the significant offerings, the Union Bank positions itself strongly competitive against many other financial institutions because these are the rates that are particularly attractive in a low-interest-rate environment.

All of these aspects make the Union Bank CDs a compelling option for all investors who are looking to secure a higher fixed return on their savings over specific periods.

How do Union Bank CD Rates Compare?

While comparing the Union Bank with the broader market, Union Bank’s CD rates are designed to stand out in the financial market. It is credibly significant and notable, especially for savers who use to focus on both short-term and long-term goals. 

In addition to all this, the bank’s tiered approach aligns with common banking practices but with the added benefit of higher-than-average rates. 

This strategic positioning allows the bank to deal with a wide range of customers, from those looking to grow their savings in the short term to those planning for the future. All these perspectives make the CDs of Union Bank a versatile and attractive option in the competitive landscape.

How Much You Can Earn With Union Bank CD Rates?

The potential earnings from Union Bank’s CDs depend on the term length, the amount invested, and the APY offered. For even more details of the union bank, here the most basic overview of potential earnings is provided next;

CD OfferTerm LengthAPYMinimum DepositPotential Earnings
6-Month6 months4.75%$1,000$23.75
12-Month Premier12 months5.00%$2,500$125.00
24-Month24 months5.25%$5,000$525.00

 Overview of Union Bank

Union Bank, with its rich heritage dating back to the late 19th century, stands as a testament to enduring financial service and innovation. 

Initially, the bank was established to serve the banking needs of the West Coast, it has grown into a major player in the financial industry, boasting a robust portfolio of assets well into the billions. 

Additionally, the bank is known for offering a comprehensive suite of financial products, including personal banking, loans, and investment services, Union Bank prides itself on its commitment to customer service and community support. 

Today, it operates a widespread network of branches and ATMs, extending its reach across numerous states and key metropolitan areas, ensuring accessibility and convenience for its diverse customer base.

Locations of Union Bank

Union Bank’s footprint spans several states, with a notable presence in;

Moreover, its branches and ATMs are strategically located in major cities and suburban areas.

Frequently Asked Questions

What types of accounts does Union Bank offer?

Union Bank offers a variety of accounts, including checking, savings, money market accounts, and certificates of deposit.

Can I access online banking with Union Bank?

Yes, Union Bank provides comprehensive online banking services, allowing customers to manage accounts, transfer funds, and pay bills online.

Are there fees for using Union Bank ATMs?

Union Bank customers typically do not incur fees at Union Bank ATMs. Fees may apply for non-Union Bank ATMs or international transactions.

Does Union Bank offer mortgage services?

Yes, Union Bank offers a range of mortgage services, including home buying and refinancing options.