CDs & IRAs

Certificates of Deposit (CDs)

Looking for a secure way to grow your savings? A Certificate of Deposit (CD) offers guaranteed returns with a fixed interest rate, making it a great option in uncertain times. Choose from a variety of terms, ranging from 91 days to 10 years.

Our CD rates are among the best in the state—compare them to see the difference!

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!

Account Variable Rate IRAs 1 Fixed Rate IRAs 2
Minimum Opening Deposit $100 $500
Account Type $100 $500
Interest Paid Quarterly Quarterly
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 2024:
Individual $7000*

Tax Year 2025:
Individual $7000*

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

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

Frequently asked questions

What skills are most important for working in banking?
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Is prior banking experience neccesary?
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What is work culture like at USLA?
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What credit score do I need to apply?
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Do I need to make a down payment?
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What documents do I need to apply?
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How do I open a checking account?
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How do I set up direct deposit?
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How can I monitor account activity?
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How can I tell if a call, email, or text from my bank is legitimate?
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How can I report a scam attempt to USLA?
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How often should I check my bank statements for fraud?
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How do I open a savings account?
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Are there any limits on how many withdrawls I can make?
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Is my savings account insured?
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Will switching banks affect my credit score?
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Can I keep my old bank account open while I transition?
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How long does it take to fully switch to a new bank?
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What is the difference between a will and a trust?
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Can I revoke a trust after it is created?
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Can a trust help with charitable giving?
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How can I make changes to my account?
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How do I set up my POS terminal?
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How do I review a recent transation?
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How often to savings account interest rates change?
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What happens if I withdraw money from my CD early?
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Are interest rates for home loans fixed, or variable?
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What qualifications do I need for a commercial loan?
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Can startups or new businesses qualify for a loan?
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How long does it take to get approved?
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What are the requirements to open a business checking account?
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How is a business checking account different from a personal account?
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Can I open multiple business checking accounts?
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How is interest calculated on a CD?
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Can I add money to my CD after opening it?
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What are the benefits of an IRA over other retirement savings options?
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How long does the estate administration process take?
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What happens if someone passes away without a will?
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How are estate taxes and debts handled?
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How do you determine the best investment strategy for me?
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What types of assets will be included in my portfolio?
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How often do you review and adjust my investments?
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Your savings, your future – we're here to help

Whether you're looking for a secure way to grow your savings with a CD or planning for the future with an IRA, our team is ready to assist you. Contact us today to talk to an account specialist and learn more!

Get in touch!