Certificates of Deposit and Individual Retirement Accounts

Certificates of Deposit (CD's)

Certificates of Deposit are available for terms ranging from 31 days to 48 months.

CD’s with maturities of 31 days up to 1 year

  • Simple Interest
  • Minimum to open account is $1000.00
  • Interest will be credited to your account at maturity.

CD’s with maturities of 12 month thru 48 months

  • Minimum to open account is $1000.00
  • Interest will be compounded every day
  • Interest will be credited to your account every quarter.
  1. Our certificates of deposit are automatically renewable at maturity.    
  2. You have ten calendar days after maturity to withdraw funds without a penalty.
  3. An Advice Notice will be mailed to you quarterly of Interest Paid and Approaching Renewal.
  4. Interest can be credited to the CD quarterly, mailed to you by check, or deposited into your account. 

Interest rates and annual percentage yields may change after account opening.
A penalty may be imposed for early withdrawal.

Individual Retirement Accounts (IRA's)

Union Savings Bank offers three types of IRA accounts: Traditional IRA’s, Roth IRA’s and Coverdell Education Savings Accounts.  These accounts can only be held in a CD that has a maturity of one year or more.

Please contact a Customer Service Rrepresentative for additional information on our Certificates of Deposit and IRA’s.