Personal Certificate of Deposit (CDs)
When you commit to keeping your funds with Union Bank for a defined period of time, we reward you with our highest interest rates. A Bank Certificate of Deposit (or CD) is an interest-earning “term deposit” where funds are kept on deposit for an agreed length of time which provides FDIC Deposit Insurance up to applicable limits. CDs are said to have “matured” when their term is up. There is often a penalty for withdrawing your funds before the maturity date, but, at Union Bank, the interest your CD bank account earns doesn’t have to remain in the CD until maturity. You can choose to deposit the interest you’ve earned automatically into another account, or use your CD as collateral for a loan. Union Bank offers a variety of terms and options to tailor your CD to meet your needs, and Traditional CDs enjoy FDIC-insured funds up to applicable limits.
Certificate of Deposit Account Registry Service (CDARS®)
Deposits up to $250,000 are insured by the FDIC. When you sign a Certificate of Deposit Account Registry Service (CDARS) agreement with Union Bank, you also receive full FDIC insurance for high-dollar deposits over $250,000.
Watch the video below, for an overview of the CDARS program.
Contact us for more information.
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Setting aside your money for a defined period of time is a commitment that we don’t take lightly. At Union Bank, you know your money is in good hands – we’re local and not going anywhere. Since 1891, Union Bank has proudly served the people and businesses in its communities. We have friendly, helpful representatives throughout Northern Vermont and New Hampshire, with 18 branch locations in Berlin, Fairfax, Hardwick, Jeffersonville, Jericho, Johnson, Lyndonville, Morrisville, St. Albans, St. Johnsbury, Stowe, Williston, Groveton, Lincoln and Littleton.