Savings & Time Deposit Accounts
- Statement Savings
- Student Savings
- Christmas Club Savings
- Money Market Deposit Accounts
- Certificates of Deposit
- Individual Retirement Accounts
Statement Savings
- Only $100 to open
- Up to six withdrawals each quarter with no charge. Additional withdrawals are just $5 each.
- $3 fee if your average daily balance falls below $100 during the quarter.
Student Savings
- Only $50 to open
- Up to six withdrawals each quarter with no charge. Additional withdrawals are just $5 each.
Christmas Club Savings
- Only $25 to open
- Receive your savings check just in time for the holidays!
- $10 fee for each withdrawal made prior to distribution on the last business day of October each year.
Money Market Deposit Account
- $1,500 to open
- A daily balance of $1,500 or more to obtain annual percentage yield.
- When the average daily balance drops below $1,500, a $10 fee is assessed.
- Up to six withdrawals each month with no charge. Additional withdrawals are just $15 each.
- Imaged monthly statement.
Certificates of Deposit
Union State Bank offers a variety of Certificates of Deposit, with maturities ranging from three months to 60 months. A minimum investment of only $1,000 is needed to open an account. Penalty for early withdrawal may apply.
Interest rate and annual percentage yield vary according to the term and amount deposited. Rates are subject to change without written notification. Interest may be compounded or paid by automatic deposit.
Certificates will automatically renew at the current rate upon maturity. Customers have a grace period of 10 calendar days after the maturity date to cash in certificates without a penalty. Ask a customer service representative for assistance deciding the best investment options available.
Individual Retirement Accounts
Union State Bank offers traditional and Roth IRAs with a variety of investment options. Interest rates vary according to term and amount deposited.
A minimum investment of only $20 is needed to open an account. A $20 minimum balance must be maintained to obtain the disclosed annual percentage yield. Penalty for early withdrawal may apply.
Union State Bank uses the discretionary rate method on all interest bearing checking and savings accounts. This means the bank may change rates at any time without prior notice. Contact us for current rates.
