Companion Savings Account (Variable Rate) *
Want to earn more on your money and still access it with no penalty? Now you can with United Bank of Union’s Companion Savings Account. Open any authorized Certificate of Deposit (CD) product and you are eligible to make a one-time deposit up to the amount of the CD into the Companion Savings Account that will earn you a higher APY than other Savings Account options. A minimum balance of $1,000.00 is required to obtain the advertised APY. This interest rate reverts to the Personal Savings rate if the balance falls below the daily minimum balance of $1,000.00. No additional deposits can be made into the account unless a new CD is opened at the time of the deposit. The amount of the additional deposit must be of equal or lesser than the amount of the accompanying CD opened. All other CD and Statement Savings Account rules apply. Fees may reduce earnings.
|
Companion Savings Account#
$250,000.00+
|
4.00% | 4.00% |
| Companion Savings Account# $100,000.00-$249,999.99 |
3.00% | 3.00% |
|
Companion Savings Account#
$50,000.00 - $99,999.99
|
2.00% | 2.00% |
|
Companion Savings Account#
$1,000.00 - $49,999.99
|
1.50% | 1.50% |
|
Companion Savings Account#
$0 - $999.99
|
0.35% | 0.35% |
*Annual Percentage Yield (APY) is accurate as of January 17, 2023 and is based on the minimum opening deposit of $500.00 and quarterly compounding assuming principal and interest remain on deposit. Substantial penalty for early withdrawal.
* A minimum of $1,000 balance is required to open and to obtain the higher APY. If the average daily balance falls below $1,000, then Personal Savings account interest rate will apply. No additional deposits can be made into the account unless a new CD is opened at the time of the deposit. Amount of additional deposit must be equal or lesser than amount of accompanying CD opened. All other Certificate of Deposit and traditional saving account rules apply. Fees may reduce earnings.
## A minimum of $25.00 dollars is required to open a regular statement savings account.
