Union Bank Fixed Deposit Rates
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Effective as of December 24, 2020
City Union Bank Fixed Deposit Rate. Fixed deposits are popular investment avenues, it is also the most sought-after avenue by investors. A single individual can hold multiple deposit account with same or different banks, the term deposits would vary typically based on term and interest rates. City Union Bank (CUB) FD Calculator: Get details on City Union Bank (CUB) FD rates on March.
Rates for certificates of deposit & individual retirement accounts (IRAs)
| TERM | $1,000-$24,999.99 APY* | $25,000 & OVER APY* |
|---|---|---|
| 3 months (CD only) | 0.15% | 0.25% |
6 months | 0.20% | 0.30% |
| 9 months | 0.25% | 0.35% |
| 10 months | 0.30% | 0.40% |
| 11 months | 0.40% | 0.50% |
12 months | 0.45% | 0.55% |
| 13 months | 0.45% | 0.55% |
| 15 months | 0.50% | 0.60% |
| 15 months Access** (CD only) | 0.50% | $10,000 min to open (new money) |
| 16 months | 0.50% | 0.60% |
| 17 months | 0.50% | 0.60% |
18 months | 0.50% | 0.60% |
| 19 months | 0.55% | 0.65% |
| 20 months | 0.60% | 0.70% |
| 22 months | 0.65% | 0.75% |
| 24 months Open Online | 0.65% | 0.75% |
| 27 months | 0.65% | 0.75% |
| 30 months | 0.75% | 0.85% |
| 36 months | 0.80% | 0.90% |
| 48 months Open Online | 0.80% | 0.90% |
| 60 months Open Online | 0.80% | 0.90% |
Variable Rate Individual Retirement Accounts | ||
| 18 month Variable*** | 0.55% | 0.65% |
*The Annual Percentage Yield (APY) is based on quarterly compounding. Unless otherwise noted, you must maintain a minimum balance of $1,000 to open the account and obtain the APY. Penalty for early withdrawal, which may reduce earnings.
**The Access CD offers a guaranteed annual percentage yield with the flexibility of penalty free withdrawals. Withdrawals made during the 6 days after opening or 6 days after each subsequent withdrawal will be assessed a penalty, which may reduce earnings. Requires $10,000 minimum to open
Time Deposit Account (CD) Rates 7 - 31 Day CD, $2,500 minimum deposit to open 32 - 89 Day CD, $350 minimum deposit to open 90 - 179 Day CD, $350 minimum deposit to open.
***Variable Rate IRA rate is subject to change after the account is opened. No minimum balance required to open account or obtain APY.
Effective as of October 8, 2020
Checking account rates
Simply Free Plus checking$1000 minimum to open | ||
| Balance | Interest Rate | APY* |
| $0.01 to $100,000 | 0.70% | 0.70% |
| Over $100,000 | 0.10% | 0.10% |
Simply Free Plus checking $1000 minimum to open | ||
| Balance | Interest Rate | APY* |
| $0.01 or more | 0.05% | 0.05% |
Simply Free Platinum checking | ||
| Balance | Interest Rate | APY* |
| $100 to $4,999.99 | 0.05% | 0.05% |
| $5,000 to $9,999.99 | 0.05% | 0.05% |
| $10,000 to $24,999.99 | 0.05% | 0.05% |
| $25,000 and over | 0.05% | 0.05% |
You must maintain a daily minimum balance of $100 to obtain the APY.
*The Annual Percentage Yield (APY) is based on monthly compounding. Rates subject to change at any time. Special restrictions may apply. Minimum opening balance is $1000 unless noted otherwise. Fees may reduce earnings.
**Statement cycle activity requirements: 12 debit card purchases posted (excludes ATM transactions), receive e-Statements via online banking (requires ongoing valid email address), access online banking, direct deposit posted.
Effective as of October 8, 2020
Money market and savings rates
Value Edge Money Market Account$10,000 minimum to open | |||||
| Balance | Interest Rate | APY* | |||
| Less than $10,000 | 0.05% | 0.05% | |||
| $10,000 to $49,999.99 | 0.10% | 0.10% | |||
| $50,000 to $249,999.99 | 0.15% | 0.15% | |||
| $250,000 to $499,999.99 | 0.20% | 0.20% | |||
| $500,000 and over | 0.20% | 0.20% | |||
Union Money Fund$50 minimum to open | ||||
| Balance | Interest Rate | APY* | ||
| $2,500 to $4,999.99 | 0.05% | 0.05% | ||
| $5,000 to $24,999.99 | 0.05% | 0.05% | ||
| $25,000 to $49,999.99 | 0.10% | 0.10% | ||
| $50,000 to $99,999.99 | 0.15% | 0.15% | ||
| $100,000 and over | 0.15% | 0.15% | ||
| You must maintain a daily minimum balance of $2,500 to obtain the APY. | ||||
Simply Savings account$25 minimum to open | ||||
| Balance | Interest Rate | APY* | ||
| $0.01 or more | 0.05% | 0.05% | ||
Simply Savings Student account$25 minimum to open | ||||
| Balance | Interest Rate | APY* | ||
| $0.01 or more | 0.20% | 0.20% | ||
*The Annual Percentage Yield (APY) is based on monthly compounding. Rates subject to change at any time. Special restrictions may apply. Fees may reduce earnings.
Effective as of October 8, 2020
Health savings account rates
| Balance | Interest Rate | APY* |
|---|---|---|
| Less than $2,500 | 0.05% | 0.05% |
| $2,500 to $9,999.99 | 0.10% | 0.10% |
| $10,000 to $24,999.99 | 0.20% | 0.20% |
| $25,000 and over | 0.40% | 0.40% |
Union Bank Fixed Deposit Rates 2020
*The Annual Percentage Yield (APY) is based on monthly compounding. Rates subject to change at any time. Special restrictions may apply. Fees may reduce earnings.
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Interest Rates - Deposit
| Interest rates effective from 15/12/2020 (Percentage per Annum) | ||||||||||||||||||||||||||||
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| Interest is calculated on daily product basis and is credited on quarterly basis in the months of April, July, October and January every year. | ||||||||||||||||||||||||||||
| Saving Bank deposits rates w.e.f. 31.03.2020 |
| On balance upto & including Rs. 25.00 lakhs | 3.00% p.a. |
| On balance above Rs. 25.00 lakhs |
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