When a secure investment with a guaranteed rate fits your needs, consider a Certificate of Deposit (CD). You’ll maximize your earnings securely, with the flexibility to pick your own term. Simply set it aside, and watch it grow.
The first step is deciding how long you’d like to invest. Terms range from 3 months to 5 years. Check out our current deposit rates to find the investment that fits you best. Consider the length of your term carefully. While you always have access to your funds if you need them, early withdrawals may be assessed a penalty, which may reduce earnings.
Many CDs may be opened with $1,000, and those opened with $25,000 or more may earn a higher interest rate. You can decide how you’d like your interest paid; quarterly or at maturity (some restrictions may apply).
When you have over $250,000 to invest and you want it insured under the FDIC, the Certificate of Deposit Account Registry Service, or CDARS, lets you make large cash deposits quickly and confidentially through us. Your investment is eligible for full FDIC insurance, up to 30 million, and Union Bank handles the rest on your behalf so you only have one trusted contact for your investments.
Please contact us if we can explain anything further or to open an account.