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Basic Business
Checking
Designed with the small business in mind.
- The $12.00 monthly account maintenance fee will be
waived when a $500 minimum daily balance is maintained.
- Receive 250 free transactions per statement cycle, including deposited items, withdrawals, electronic debits and checks.
- If more than 250 transactions, a $.25 charge
per additional transaction is assessed.
- Interest may be available for eligible organizations.
Business Analysis Checking
For businesses with larger numbers of monthly transactions.
- Charges for checking transactions are offset by earnings
credits.
- Earnings credits are based on short-term investment
rates and are applied to your average positive available balance
(less reserve requirements*)
- Earnings credits can significantly reduce or eliminate
monthly service charges.
- Negative available balances are assessed a fee based
upon the Bank's current loan rate.
Value Edge Money Market Account
- Invest $10,000 or more in a safe, federally
insured account where you can earn attractive money market
interest rates.
- Potential for a higher rate based on your balance.
- Access your account by check
or ATM card
Union Money Fund
- Opportunity to earn more interest with larger amounts of savings.
- Funds are easily accessible.
- Ability to write checks on the account
Certificates of Deposit
- Opportunity to earn more interest with larger amounts of savings.
- Choose terms from 3 months up to 5 years.
- Get more detailed information here.
CDARS Program | View the CDARS demo
The Certificate of Deposit Account Registry Service, or CDARS,
allows you to place large cash deposits quickly and confidentially through
Union Bank into CDs issued by multiple financial institutions and be
eligible for full FDIC insurance. All financial institutions are FDIC
insured.
Depositors with more than $250,000 can enjoy the following benefits:
- The safety of FDIC insurance
for large deposits. Union Bank places your funds through CDARS,
with deposits over $250,000 divided into smaller CDs at multiple
FDIC insured financial institutions. This permits the full amount,
up to $30 million, to be eligible for FDIC insurance.
- The security of working with
a trusted, local source. When you make a deposit through CDARS,
you deal only with the people you know and trust at Union Bank.
You receive a single, consolidated, monthly statement summarizing
your deposits. And your private financial information is protected
and secure.
*Federal law requires that
a percentage of all funds on deposit must be held in reserve. This
amount is deducted from the average positive available balance
before the earnings credit is determined. If you need further assistance,
please contact
us and a Union Bank & Trust Personal Banker can help you select
the best account for your needs.
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