CDs & IRAs | Union Savings and Loan Association

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CDs & IRAs

We offer short term and long term CDs and IRAs to meet your needs.


Certificates of Deposit

In an uncertain economy, a Certificate of Deposit is still the safest option for the conservative investor. We have CDs in a variety of terms from 91 days to 10 years.

Our CD interest rates are among the highest in the state. We invite you to compare our rates to any other bank.

View Our Rates

We do not accept deposits from outside our market area.
Penalty may be assessed for early withdrawal.

Union Savings is a member of the IntraFi network, offering customers the ability to maintain more than the standard FDIC insured coverage limit of $250,000 for deposits. For large depositors looking for additional protection and a single financial relationship, consider our Insured Cash Sweep (ICS) or Certificate of Deposit Account Registry Service (CDARS).

Ask one of our new account specialists for details today!


Individual Retirement Accounts ("IRAs")

Save for your retirement with an IRA from Union Savings and Loan. USLA offers both Traditional IRAs and Roth IRAs. Depending on your particular situation, both can be useful not only for retirement savings, but can often be a useful method for tax planning.

AccountVariable Rate IRAs1Fixed Rate IRAs2

Minimum Opening Deposit



Account Type

Certificate of Deposit

Certificate of Deposit

Interest Paid



Interest Checks / Transfers

Quarterly & Monthly Available

Quarterly & Monthly Available

Maturity Notice

2 Weeks before Maturity

2 Weeks before Maturity

Grace Period

10 days after Maturity

10 days after Maturity

Early Withdrawal Penalty

6 months loss of interest

6 months loss of interest

1 Penalty waived at maturity, during 10 day grace period, and for IRA owners over 59 1/2. The rate may change once the account is opened.

2 Penalty waived at maturity and during 10 day grace period ONLY. IRA contributions and distributions allowed at maturity and during 10 day grace period ONLY.

How much can I contribute to an IRA?

The maximum amount you are allowed to contribute to an IRA, Traditional or Roth, changes each year, and is higher for those age 50 and over.

Tax Year 2023:
Individual $6500*

Tax Year 2024:
Individual $7000*

*If you are age 50+, you are allowed a "catch-up" contribution of an extra $1000 over these amounts.

These numbers are provided for information only. Please see you tax professional for information specific to your particular case.

Ready to Get Started?

We’re available to assist you with your needs. Please give us a call or visit a branch to get started.

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