Union Bank
Union Bank 1 Year CD Rates
| Type | Fixed |
| Rate | 0.15% |
| Currency | USD |
Website: http://www.unionbank.com
Authority: Union Bank, National Association is chartered as a National Bank according to the FDIC. Union Bank was started as the Bank of California Bank back in 1864 and has most of its 404 full service bank branches in both California and Washington.
How to open a Union Bank 12 Month Certificate of Deposit:
- You may open a new bank account online at the bank website:
- You may call them by telephone on 1-877-478-1832
- Visit a Union Bank branch with representatives that may assist you in opening up an account. You can find the nearest branch location on the bank website through their search box.
What you may require to open up a Union Bank account:
From the Union Bank website when applying for a new account, it may require your social security number, state-issued ID number, U.S drivers license and possibly information about your employer.
Information to think about when considering a Union Bank 12 Month CD Rate:
A 1 year investment interest rate for a CD is impact by a number of factors including the current fed funds rate set by the Federal Reserve. Banks like Union Bank with their financial models may forecast where monetary policy and economic growth of the economy will be in the future. It addition it may use other inputs such as funding and liquidity requirements, net interest margins, competitiveness of deposits and other factors when determining the rate set for a twelve month CD rate.
Net interest margin to banks are important and some banks may increase or decrease rates for various reasons, for example to reposition its balance sheet like Union Bank did as mentioned in its 2010 Annual Report, it lowered the rates on higher-rate deposit accounts to improve its mix of its earning assets, as deposits to banks are a liability.
The current interest rate provided below was based on the CD product for a range between 12 to 17 months with a minimum opening deposit of $350 required. Please note that this was calculated for the state of California, please note that variations may occur in other states.
The rate of 0.15% is 0.15% higher than the average 0%. Also it is -0.15 % lower than the highest rate Updated Aug, 2019
Website: http://www.unionbank.com
Authority: Union Bank, National Association is chartered as a National Bank according to the FDIC. Union Bank was started as the Bank of California Bank back in 1864 and has most of its 404 full service bank branches in both California and Washington.
How to open a Union Bank 12 Month Certificate of Deposit:
- You may open a new bank account online at the bank website:
- You may call them by telephone on 1-877-478-1832
- Visit a Union Bank branch with representatives that may assist you in opening up an account. You can find the nearest branch location on the bank website through their search box.
What you may require to open up a Union Bank account:
From the Union Bank website when applying for a new account, it may require your social security number, state-issued ID number, U.S drivers license and possibly information about your employer.
Information to think about when considering a Union Bank 12 Month CD Rate:
A 1 year investment interest rate for a CD is impact by a number of factors including the current fed funds rate set by the Federal Reserve. Banks like Union Bank with their financial models may forecast where monetary policy and economic growth of the economy will be in the future. It addition it may use other inputs such as funding and liquidity requirements, net interest margins, competitiveness of deposits and other factors when determining the rate set for a twelve month CD rate.
Net interest margin to banks are important and some banks may increase or decrease rates for various reasons, for example to reposition its balance sheet like Union Bank did as mentioned in its 2010 Annual Report, it lowered the rates on higher-rate deposit accounts to improve its mix of its earning assets, as deposits to banks are a liability.
The current interest rate provided below was based on the CD product for a range between 12 to 17 months with a minimum opening deposit of $350 required. Please note that this was calculated for the state of California, please note that variations may occur in other states.
The rate of 0.15% is 0.15% higher than the average 0%. Also it is -0.15 % lower than the highest rate Updated Aug, 2019
Type
Fixed
Rate
0.15%
Currency
USD