This account allows for four free withdrawals throughout the year with a statement cycle ending on the third Friday in October each year. Contact your local banking office for complete account disclosures. The interest earned can be credited to your account monthly, quarterly, semi annually or annually. You can elect to have the interest credited to the certificate at maturity, transferred to your checking or savings account automatically, or paid to you by check. A penalty may be imposed for withdrawals prior to maturity.
Interest compounds semi annually on our certificates and IRAs.
The earnings on a Traditional IRA are not taxed until you withdraw the money, and you may also be eligible for a deduction on your federal income tax. We offer fixed rate IRAs with the same maturities and terms as our regular Certificates of Deposit. Traditional, Spousal, ROTH and Educational IRAs are all available through Union Bank. This exciting card is as easy to use as a credit card, but it works just like a check. You simply present your CheckCard wherever you see the Visa logo.