Union Bank, serving West Central Arkansas and the River Valley, offers Certificates of Deposits as a savings option with fixed terms to meet your short- or long-term goals. If you want to earn a higher interest rate than a basic savings account, a CD may be a wise investment option for you.
What is a Union Bank Certificate of Deposit?
- Union Bank CDs offer higher interest rates than regular savings accounts so that you can grow your money faster.
- A smart savings option for short- or long-term goals or as a portion of a diversified savings portfolio.
- Earned interest can be added to the value of the 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 specific needs.
- CDs have a specific maturity date based on the term selected. Once the term is over, you can withdraw your principal and interest, typically within a
- There is a substantial penalty for early withdrawal.
Lock in your CD rate today! Open a CD online or visit one of our convenient locations in Mena, Paris, Wickes, Hatfield, Caulksville, Clarksville, Ozark, Waldron, and Booneville to open with assistance, or for help with choosing the best savings option to meet your financial needs.