Union Bank, serving Businesses in West Central Arkansas and the River Valley, offers business Certificates of Deposits (CD) as a savings option with fixed terms to meet your business's short- or long-term goals. A commercial CD may be a wise investment option if you want to earn a higher interest rate than a commercial savings account.
What is a Union Bank Certificate of Deposit?
- Union Bank's business certificate of deposit offers higher interest rates than business savings accounts, so your business can grow its money faster.
- A smart savings option for short- or long-term business growth goals or as a portion of a diversified savings portfolio.
- Earned interest can be added to the value of the business CD, deposited into a checking or savings account, or paid by check.
With FDIC insurance, money is safe and secure, up to $250,000 per depositor.
How do CDs Work?
- The interest rate is fixed and is determined by the selected term.
- Union Bank offers terms from 31 days to 60 months based on your business's specific needs.
- CDs have a specific maturity date based on the term selected. Once the term ends, you can withdraw your principal and interest, typically within a fixed period.
- There is a substantial penalty for early withdrawal.
Open A Business CD With Union BAnk
Start a conversation with our experienced business banking team today. Contact us or visit one of our convenient locations in Mena, Paris, Wickes, Hatfield, Caulksville, Clarksville, Ozark, Waldron, and Booneville for help choosing the best business savings, business investment account, and business checking options.