|

Personal Banking

Certificates of Deposit (CDs)

Traditional and FLEX CD

CDs are interest-earning vehicles that keep your funds on deposit for an agreed length of time. CDs are said to have 'matured' when their term is up. There is often a penalty for withdrawing your funds before the maturity date. In return the bank pays a higher interest rate than a savings or money market account.

At Union Bank the interest your CD earns doesn't have to remain in the CD until maturity. We can set up an automatic deposit for the interest into your UB checking or savings account. You may also use your CD as collateral for a loan. Union Bank offers a variety of terms and options to tailor your CD to meet your needs.

A FLEX CD is an alternative to a traditional CD. We help you reach your savings goals by offering a savings vehicle that suits your particular situation. With FLEX CD you get:

• Unlimited deposits
• One monthly withdrawal with no penalty (up to 25% of the principal balance); minimum CD balance requirement applies
• FDIC insured funds up to applicable limits
• Did we mention our great rates?

Flex your saving power with a Union Bank Certificate of Deposit account. Find out more at your nearest Union Bank location.

Certificate of Deposit Account Registry Service (CDARS^®)

Your deposits are insured by the FDIC up to $250,000 per bank. With CDARS¹ , we make it easy for our customers to receive full FDIC insurance for high-dollar deposits over $250,000—and still handle all of their deposits through Union Bank. We have partnered with a group of banks through the CDARS program, and we take care of disbursing your funds over various institutions for you. When you sign a CDARS agreement with Union Bank, we purchase CDs at participating banks for you within the FDIC dollar limits. With CDARS we lock in one interest rate and you receive one statement for all your CDs, even CDs with other banks. Now that's efficient! Stop into your local Union Bank branch, and we'll be happy to show you how you can secure your investments with CDARS today.

You can also click on the movie, at right, for an overview of the CDARS program.