Union Bank also offered individual retirement account (IRA) CDs. Early withdrawal penalties applied for withdrawals made prior to maturity. CDs with terms of 31 days or less had a three-day grace period. If you didn’t want to renew your CD, you could withdraw funds on or within 10 days of maturity, known as the grace period. Union Bank CDs with terms up to three years automatically renewed at maturity for the same term with the interest rate in effect on the maturity date. Minimum opening deposits varied with shorter terms requiring deposits of at least $350 and longer terms requiring deposits of at least $2,500. Union Bank CDs were standard certificates available in terms between seven days and 60 months. Overview of Union Bank Certificates of Deposit If you didn’t receive information or have questions, visit your local U.S. Prior to the transition, Union Bank CD account holders should have received information related to the purchase of their accounts by U.S. All Union Bank branches have been converted as well. Former Union Bank customers can manage their accounts on the U.S. Terms, interest rates and APYs remain the same for these until terms are up but certificates have been given new account numbers. All preexisting Union Bank CDs were transitioned to U.S.

Cd rate at united bank