Simply Savings
A basic savings account that offers the flexibility to easily deposit and withdraw money.
Suggested opening deposit of $100
Fee waived by maintaining $100 average balance
Earn interest
Simply Savings Student
An account specially designed for those 25 and under.
Earn interest
No maintanence fee
Value Edge Money Market
Earn higher interest with easy account access.
Required minimum opening deposit of $1,000
Write checks
Earn interest
| Minimum opening deposit | Monthly fee | Age requirement | Earns interest; see current rates | Six free debit transactions per calendar month | |
|---|---|---|---|---|---|
| Simply Savings | N/A | $3; waived with a $100 average balance | N/A | ✓ | ✓ $5 fee for each additional |
| Simply Savings Student | N/A | N/A | Ages 25 and under | ✓ |
✓ |
| Value Edge Money Market | $1,000 | N/A | N/A | See promotional rate | ✓ $25 fee for each additional |
Value Edge Money Market Promo
Earn up to 4.00% APY* for 12 months
Ready to make your money work as hard as you do? Open a new Value Edge Money Market account with UBT and you could earn up to 4.00% APY* for 12 months on balances of $10,000 and up (1.31% APY on balances under $10,000). It’s the perfect way to get the flexibility of a checking account with the premium rates of a CD. Click through to learn more or stop by your nearest branch to get started.
Effective as of July 9, 2024
Savings account rates
Simply Savings accountSuggested opening deposit of $100 |
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| Balance | Interest Rate | APY* | ||
| $0.01 or more | 0.50% | 0.50% | ||
Simply Savings Student account |
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| Balance | Interest Rate | APY* | ||
| $0.01 or more | 0.50% | 0.50% | ||
*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.
RoundUp
An easy way to save
When you use your Union Bank Visa® debit card, we’ll round up the total to the nearest dollar and automatically deposit the difference into your savings account. Over time, this change can really add up! It’s easy and free. Sign up at any UBT location.
UBT HSA
Start saving for tomorrow’s healthcare expenses today
Our health savings accounts offer a triple tax advantage — and room to grow.
Your Money Has People
Real people who really care
Our people take pride in going the extra mile to help our customers, so you can relax knowing we have your best interests in mind. Beyond savings accounts, you’ll find a full range of services to help you grow your wealth — backed by real people, like Chase.
Relationship Advantage: A premium program for our most invested customers
Fee Relief
With $10,000 in combined personal accounts (HSAs excluded), your debit activity fees are waived on your personal checking accounts.
ATM freedom
Enjoy free, unlimited use of all non-Union Bank ATMs1 as well as Union Bank ATMs.
(Note: This does not waive surcharges some ATM owners may assess.)
It’s automatic
Each month, we automatically check to see if you qualify — you don’t have to sign up. Qualifying personal accounts in which you are an owner will be included, as long as you are the primary account holder on at least one of those accounts.
Frequently Asked Questions
How can I add someone to an account?
The fastest way to add someone to your account would be to stop into any branch location with them.
How can I remove an owner from an account?
We are not able to remove an account owner; a new account would need to be opened.
How can I close an account?
We require a signature from an account owner to close an account. The fastest and simplest way is to stop into any branch location.
When do I receive my savings account statements?
Savings account statements are rendered quarterly. If you have a checking account and have elected for combined statements then you will receive a statement monthly.
Why is my account inactive?
A checking or savings account will become inactive after 12 months of no credit or debit activity.
I like to give savings bonds as gifts. Can I still do so?
Yes. You can buy electronic savings bonds as gifts TreasuryDirect. You can hold the bonds in your gift box area in TreasuryDirect until you’re ready to electronically deliver them to the gift recipient. The recipient must have a TreasuryDirect account (or be named on a minor linked account if under 18 years old).
*Offer not valid for primary accountholder on either an existing Value Edge Money Market Account (MMA) or a Value Edge MMA closed within the last 120 days. Open a new Value Edge MMA and receive 4.00% Annual Percentage Yield (APY) on balances of $10,000 or more for 12 months from account opening; balances under $10,000 will earn an APY of 1.31%. After the first 12 months, the standard Value Edge MMA variable interest rate and APY tiers will apply, depending on the daily balance of the account. See current deposit account rates; rates subject to change. Fees may reduce earnings. $10,000 opening deposit required in new money. Promotion available 5/1/2024 to 6/28/2024. Cannot be combined with other offers. Member FDIC.
**To qualify for the Savings promotion, you cannot be a primary accountholder on an existing Simply Savings or Simply Savings Student account. Offer not valid if existing savings account closed within the last 120 days. Receive $100 when you open a Simply Savings account and complete the following within 90 days of account opening: (1) maintain a $2,500 balance; and (2) enroll in paperless statements via online or mobile banking. Bonus is credited to your active account within 100 days of account opening if you meet requirements. Simply Savings requires a $2,500 opening deposit in new money. Simply Savings earns .50% Annual Percentage Yield (APY) as of 7/1/2024. Fees may reduce earnings; rates subject to change. Promotion offers limited to one new checking and one new savings account per person and cannot be combined with other offers. Available 07/01/2024 to 11/22/2024. Member FDIC.
