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Personal Statement Savings

Good, steady saving habits can help you plan for a secure future and the achievement of your financial goals. With a Union Bank Statement Savings account, the interest you earn is compounded and credited monthly on paper or online statements, letting you see exactly how much you’re saving each month.

A minimum deposit of $25 is required to open an account, and the service fee is waived when you maintain a $200 minimum daily balance.* If you’re under 18, (Youth) the minimum daily balance is just $25.** The fee for a Youth Savings Account is $2.00 per month and there is no paper statement fee.


Statement Savings also includes:


Depositors at FDIC-insured banks enjoy deposit insurance protection up to applicable federal limits. With this valuable protection comes a federal regulation that governs the number and type of debit transactions that you may conduct each month. No more than six transfers or withdrawals via check, debit card, electronic banking, telephone transfer or electronic withdrawals are permitted per monthly statement cycle.*** Unlimited transactions are, however, permitted if made by the account-holder at an ATM, branch office, by mail, by messenger, or electronically to repay a Union Bank loan.

We are happy to discuss ways to keep the number of transactions from your account within the federally mandated limits as well as other account options that may fit your particular transaction needs. Contact our Customer Care Team to discuss these options.


Download Deposit Account Comparison Chart