Union Bank is member FDIC and consumer deposits are federally insured up to the applicable limits. To see if Union Bank’s CDs are right for you, continue reading our review below. These are currently their highest yielding CDs and are limited time offers. Union Bank offers several flexible short-term CDs and mid-term CDs with durations ranging from just 7 days to 36 months.Īs of January 2023, they also offer 3 promotional CDs with 15, 18 and 24 month terms. Most of Union Bank’s deposit accounts need to be opened at a local branch, however their money market account and Priority Checking account can be opened online.įor the purpose of this review we will focus on Union Bank’s fixed-rate CDs (certificates of deposit). Their deposit account offering consists of checking, savings, money market and certificates of deposit, which they refer to as “Time Deposit Accounts.” Union Bank has almost 400 branches (398) across the Pacific Northwest – Washington, Oregon and California and commercial offices in major cities such as Dallas, Houston, Chicago, and New York. Union Bank is a full service American bank that is wholly owned by one of Japan’s three mega banks – MUFG Bank.
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