Union Savings
Basic savings with the flexibility to easily deposit and withdraw money.
MyStyle Savings
For those 25 and under, savings with your choice of two personalized features.**
Union Money Fund
A savings account with the opportunity to earn higher interest and write checks.
Value Edge Money Market
Earn higher interest on balances over $10,000 with easy account access.
| Union Savings | MyStyle Savings | Union Money Fund | Value Edge Money Market |
|---|---|---|---|
| No age requirement | 25 and under | No age requirement | No age requirement |
| $25 minimum opening deposit | $25 minimum opening deposit | $50 minimum opening deposit | $10,000 minimum opening deposit |
| $3 monthly fee, waived for primary account owner under age 18, and waived with a $100 average available balance. | $3 monthly fee, waived for primary account owner under age 18, and waived with a $100 average available balance. | $5 monthly fee; waived with a $1,000 average available balance. | No monthly fee |
| Earns interest; interest rate varies | Earns interest; interest rate varies | Earns interest; Interest is paid on balances of $2,500 and more. Interest rates are tiered by balance. | Earns interest; Interest is paid on all balances. Interest rates are tiered by balance. |
| Free ATM usage at all Union Bank ATMs, plus two non-Union Bank ATMs each statement cycle.* | Free ATM usage at all Union Bank ATMs, plus two non-Union Bank ATMs each statement cycle.* | Free ATM usage at all Union Bank ATMs, plus two non-Union Bank ATMs each statement cycle.* | Free ATM usage at all Union Bank ATMs, plus two non-Union Bank ATMs each statement cycle.* |
| Six free withdrawals per calendar month or statement cycle. $5 for each additional withdrawal. | Six free withdrawals per calendar month or statement cycle. $5 for each additional withdrawal. | Six free withdrawals per statement. Ability to write checks. | A total of six free checks or withdrawals per statement cycle; $25 for each additional. |
*Does not waive surcharges some ATM owners may assess.
**Available to persons age 25 and younger. Annual Percentage Yield (APY) accurate as of the effective date in the deposit account rates. Rate may change after account opening and fees may reduce earnings. (1) Waives $3 per month maintenance fee if below $100 average available (fee automatically waived for those under age 18). (2) Requires minimum balance of $500 on the last day of the month of account’s 1-year anniversary, then $25 deposited within 10 days. (3) Requires enrollment in RoundUp, we will match up to $10 of your RoundUp deposits posted within 60 days enrollment.
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 $150* when 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.
UBT HSA
Start saving for tomorrow's health care expenses today
Our health savings accounts offer a triple tax advantage — and room to grow.
RoundUp
An easy way to save
Automatically round your debit card purchases to the next dollar (or an amount you choose) into your savings account. It's easy and free! Sign up at any UBT location.
Fee Relief
With $10,000 in combined personal accounts (HSAs excluded), your monthly maintenance fee, debit activity fees, and return deposited item fees are waived on one personal checking account.
ATM freedom
Enjoy free, unlimited use of all non-Union Bank ATMs as well as Union Bank ATMs.
(Note: This does not waive surcharges some ATM owners may assess.)
It’s automatic
Each month, we automatically check to see if you qualify — you don’t have to sign up. Applies where the primary account holder is the same on the qualifying deposit accounts and checking account.
Your Money Has People
Real people who really care
Our people take pride in going the extra mile to help our customers, so you can relax knowing we have your best interests in mind. Beyond savings accounts, you’ll find a full range of services to help you grow your wealth — backed by real people, like Lauren.
15-Month Access CD
Get 0.65% 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.
Frequently Asked Questions
The fastest way to add someone to your account would be to stop into any branch location with them.
We are not able to remove an account owner; a new account would need to be opened.
We require a signature from an account owner to close an account. The fastest and simplest way is to stop into any branch location.
Savings account statements are rendered quarterly. If you have a checking account and have elected for combined statements then you will receive a statement monthly.
A checking or Savings account will become inactive after 12 months of no credit or debit activity.
Regulation D (Reg D) is a Federal Reserve Board rule that puts a limit of six transactions per month on certain transfers and withdrawals from your savings or money market account. If you go over the limit, UBT can charge you a fee and/or close your account or restrict transactions. Reg D is the federal government's way of encouraging people to use saving accounts as they are intended---to save money---and ensures that banks have the proper amount of reserves on hand.
Which transactions are limited under Reg D?
- Online transfers from savings or Money Market accounts to a different account either at the same institution or a different one
- Transfers processed over the phone
- Automatic or preauthorized transfers, such as bill payments or any other recurring transfers
- Overdraft transfers from your savings account to your checking account
- Transfers made by check or debit card.
Which transactions don't count under the limit?
- Withdrawals or transfers made at ATMs
- Transactions made in person at a bank
Quick tips on avoiding Reg D fees/violations
- Make transfers count; do fewer transfers with larger sums of money
- Link any automatic transfers, such as bill payments, to your checking account instead of savings
- If you hit the transaction limit and need to make another transfer or withdrawal from your savings account, do it at an ATM or bank. Even if the bank charges a fee, you won't risk your account being closed.
- If your checking account has overdraft protection linked to a savings account try to avoid overdrafts. Set up low-balance alerts on your checking account.
At Union Bank, we notify our customers by letter each time the violate the regulation in hopes they will explore other ways to avoid going over the transaction restriction but if this is not done our only option is to restrict the transfers and/or close the acct.
For more information regarding Regulation D, please click HERE to view a document from the Federal Reserve regarding this regulation. The information as it relates to Savings accounts begins on page 3.
*Checking offer not valid for primary accountholder on existing UBT personal checking account(s). Savings offer not valid for primary accountholder on existing Union Savings or MyStyle Savings account(s). Offer not valid if existing checking or savings accounts closed 120 days prior to 06/01/2020. 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 (Bonus, Journey, Premier, 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 Union 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 (Bonus Checking requires $1,000 opening deposit). Union Savings requires $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, Journey Checking requires a $100 minimum daily balance to earn .05% APY. Union Savings earns .05% APY. APYs accurate as of 05/28/2020. 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. Journey Checking accounts are designed for people age 50 and over. Premier Checking limited to Private Banking clients. Premium Interest Advantage is limited to residents of Douglas, Sarpy, and Washington counties in Nebraska. Promotions available 06/01/2020 to 09/30/2020. Member FDIC.