Certificates of Deposit

Guaranteed rates: See more of the green

Earn 1.91% APY* with our 16-month CD on balances $1,000 to $24,999.99. Check out our other promotional CDs below and our full listing at the bottom of the page to select the rates and terms that suit you best.

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CD & IRA Specials   Effective as of December 6, 2019
$1000 minimum to open
Term $1000 - $24,999.99 APY* $25,000.00 and over APY*
12 month 1.91%  2.02%
16 month 1.91% 2.02%
27 month 2.02% 2.12%
60 month 2.12% 2.22%

*The Annual Percentage Yield (APY) is based on quarterly compounding. Unless otherwise noted, you must maintain a minimum balance of $1,000 to open the account and obtain the APY. Penalty for early withdrawal, which may reduce earnings.

15-Month Access CD

Get 1.51% APY* on new money to UBT

If rates rise or you just need to access your money, you can do it as often as once a week. Only new money to UBT eligible with a $10,000 minimum to open. 

*Annual Percentage Yield (APY) is based on quarterly compounding. $10,000 minimum initial deposit with $1,000 minimum balance required. Minimum withdrawal of $1,000. Withdrawals may be made without penalty every 7 days. Withdrawals made within 6 days of opening or following a withdrawal will be assessed a penalty, which may reduce earnings. Not available for Public Funds.

Couple running

CDARS Program

Make large cash deposits quickly and confidentially

If you have more than $250,000 to invest and you want it insured under the FDIC, CDARS (the Certificate of Deposit Account Registry Service) can help.

  • Make a large deposit quickly and confidentially through UBT
  • Enjoy full FDIC insurance, up to $30 million
  • Work directly with UBT as your one trusted contact for your investments

Frequently Asked Questions

How am I notified when my CD is mature?

We will send a maturity notice by mail two weeks prior to maturity.

How long is my grace period? (CD's)

The grace period on a Certificate of Deposit is the maturity date plus 10 calendar days.

Why would I want to open a CD?

CDs offer a few advantages.

  • CDs typically pay a higher interest rate than other FDIC insured deposit products. Usually, the higher the rate, the longer the term.
  • Your returns are guaranteed. You will know exactly how much money you will earn by the time the CD matures. 
  • CDs also have the security of being FDIC-insured up to the maximum limits.
What is the forfeiture for early withdrawal from a CD?

7-90 day CD - All interest is lost

3-9 month CD - 92 days' worth of interest is lost

10-60 month CD - 182 days' worth of interest is lost

Can I have my CD's interest direct deposited into my checking account?

Yes, you can have interest direct deposited into your checking account or reinvested into your current CD

When is interest deposited? (CD’S)

Interest is applied to Certificates of Deposit quarterly and at maturity.

Effective as of Dec 6, 2019

Rates for certificates of deposit & individual retirement accounts (IRAs)

 

TERM $1,000-$24,999.99 APY* $25,000 & OVER APY*
3 months (CD only) 1.00% 1.10%
6 months 1.56% 1.66%
9 months 1.76% 1.86%
10 months 1.86% 1.96%
11 months 1.86% 1.96%
12 months 1.91% 2.02%
13 months 1.91% 2.02%
15 months 1.91% 2.02%
15 months Access** (CD only) 1.51% 1.51%
16 months 1.91% 2.02%
17 months 1.91% 2.02%
18 months 1.91% 2.02%
19 months 1.91% 2.02%
20 months 1.96% 2.07%
22 months 1.96% 2.07%
24 months 2.02% 2.12%
27 months 2.02% 2.12%
30 months 2.02% 2.12%
36 months 2.07% 2.17%
48 months 2.12% 2.22%
60 months 2.12% 2.22%

Variable Rate Individual Retirement Accounts

18 month Variable*** 1.71% 1.81%

 

*The Annual Percentage Yield (APY) is based on quarterly compounding. Unless otherwise noted, you must maintain a minimum balance of $1,000 to open the account and obtain the APY. Penalty for early withdrawal, which may reduce earnings.

**The Access CD offers a guaranteed annual percentage yield with the flexibility of penalty free withdrawals. Withdrawals made during the 6 days after opening or 6 days after each subsequent withdrawal will be assessed a penalty, which may reduce earnings. Requires $10,000 minimum to open

***Variable Rate IRA rate is subject to change after the account is opened. No minimum balance required to open account or obtain APY.

 

 

Need more help?

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Important Information About Procedures For Opening A New Account—
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you; we may also ask to see your driver’s license or other identifying documents.