Certificates of Deposit

Guaranteed rates: See more of the green

Earn 0.40% 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   Updated on June 17, 2021
$1000 minimum to open
Term $1000 - $24,999.99 APY* $25,000.00 and over APY*
12 month 0.35% 0.45%
16 month 0.40% 0.50%
27 month 0.55%  0.65%
60 month 0.65% 0.75%

*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.

Checking & Savings Offer

Get up to $200† and a better bank

If you don’t have both checking and savings accounts with UBT, there’s no better time than right now to get started — and earn a cash reward. Here’s how:

  • Get up to $150when you open a new checking account and meet requirements
  • Get a $50 bonus when you open a new Union Savings account and meet requirements

That’s up to $200 for bringing it all together at UBT. Plus, you can enjoy all the benefits of working with a family-owned bank that cares about our customers, the communities we serve, and each other.

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15-Month Access CD

Get 0.45% 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.

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Updated on June 17, 2021

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

 

TERM $1,000-$24,999.99 APY* $25,000 & OVER APY*

6 months
Open Online

0.20% 0.30%
9 months 0.20% 0.30%
10 months 0.25% 0.35%
11 months 0.30% 0.40%

12 months
Open Online

0.35% 0.45%
13 months 0.35% 0.45%
15 months 0.40% 0.50%
15 months Access** (CD only) 0.45% $10,000 min to open (new money)
16 months 0.40% 0.50%
17 months 0.40% 0.50%

18 months

0.40% 0.50%
19 months 0.45% 0.55%
20 months 0.50%  0.60%
22 months 0.55%  0.65%
24 months
Open Online
0.55%  0.65%
27 months 0.55% 0.65%
30 months 0.60% 0.70%
36 months 0.65% 0.75%
48 months
Open Online
0.65% 0.75%
60 months
Open Online
0.65% 0.75%

Variable Rate Individual Retirement Accounts

18 month Variable*** 0.50% 0.60%

 

*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.

 

 

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

COVID-19 Relief

We're here for you

We know things are still rocky. We’re here to help our customers avoid further financial hardship. Please contact us to discuss your situation further.

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.

Need more help?

Contact a personal banker near you

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.

Checking offer not valid for primary accountholder on existing UBT personal checking account(s). Savings offer not valid for primary accountholder on existing Simply Savings or Simply Savings Student account(s). Offer not valid if existing checking or savings accounts closed 120 days prior to 06/01/2021. Receive $50 when you open a Simply Free Checking account and have $500 in electronic direct deposits posted within 90 calendar days of account opening. Receive $150 when you open an interest-earning checking account (Simply Free Plus, Simply Free Platinum, or Premium Interest Advantage) and have $2,500 in electronic direct deposits posted within 90 calendar days of account opening. Receive $50 when you open a Simply Savings account and maintain a $2,500 balance for 90 calendar days from account opening. Bonus is credited to your active account within 100 days of account opening if you meet requirements. $50 opening deposit required on checking accounts (Simply Free Plus requires a $1,000 opening deposit). Simply Savings requires a $2,500 opening deposit in new money. Various Annual Percentage Yields (APYs) offered for interest-earning checking accounts based on the account and balance maintained. For example, Simply Free Platinum requires a $100 minimum daily balance to earn .05% APY. Simply Savings earns .05% APY. APYs accurate as of 06/01/2021. Fees may reduce earnings; rates subject to change. Promotion offers limited to one new checking account and one new savings account per person and cannot be combined with other offers. Simply Free Platinum accounts are designed for people age 50 and over. Premium Interest Advantage is limited to residents of Douglas, Sarpy, and Washington counties in Nebraska. Promotions available 06/01/2021 to 09/30/2021.