Union Bank and Trust (NE) Offers Multi-State 60-Month CD


Deal Summary: 60-month CD Special, 3.14% APY ($25k+), and 3.03% APY ($1k+). 32-month Rising Rate CD, 2.78% blended APY ($1k+).

Availability: Online market includes Colorado, Iowa, Kansas, Missouri, Nebraska, and South Dakota. In-branch market area limited to Nebraska and Kansas.

Union Bank & Trust (UBT) ended last week by raising the rate on its 60-month CD Special to 3.14% APY for deposits of $25k+ and 3.03% APY for $1k+ deposits. The 60-month CD Special can be opened online or in-branch.

3.29*%$25k-Union Bank and Trust Company (NE)60 Month CD Special
OTHER TIERS: 3.19% $1k - $25k
3.29*%$25k-Union Bank and Trust Company (NE)60 Month IRA Special
OTHER TIERS: 3.19% $1k - $25k
Rates as of September 21, 2018.

The 60-month CD Special is also offered as an IRA (Traditional), earning the same APYs with the same funding requirements.

DA has been tracking the 60-month CD Special for more than seven years, with rates that were decidedly not competitive until recently. In the past nine months, a total of 138 bps have been added to the 60-month CD Special in four rate increases.

32-month Rising Rate CD

UBT’s 32-month Rising Rate CD now earns 1.91% APY for the first 18 months, and 3.91% APY for the remaining 14 months, resulting in a blended rate of 2.78% APY. The 32-month Rising Rate CD is available in-branch only, with a minimum opening deposit of $1k.

3.03%$1k-Union Bank and Trust Company (NE)32 Month Rising Rate CD
Rates as of September 21, 2018.

According to the fine print on UBT’s Rates page,

Withdrawals made outside the 10-day grace period at the end of the first 18 months may be assessed a penalty, which may reduce earnings.

According to CSR, the Early Withdrawal Penalty for either CD is “6 months’ worth of interest.”


Headquartered in Lincoln, Nebraska, Union Bank & Trust has expanded its online banking platform and now offers a large portion of its product line to the residents of Colorado, Iowa, Kansas, Missouri, Nebraska, and South Dakota.

Opening a 60-month CD can be done online, or at any of 34 full-service branches, located in Nebraska (32 locations, mainly in the southeast corner of the state) and two in the greater Kansas City metropolitan area.

As mentioned earlier, the 32-month Rising Rate CD can only be opened in-branch at this point.

Bank Overview

Union Bank & Trust has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 5.51% (excellent) based on December 31, 2017 data. In the past year, UBT has increased its total non-brokered deposits by $123.55 million, an excellent annual growth rate of 5.32%. Please refer to our financial overview of Union Bank & Trust (FDIC Certificate # 13421) for more details.

Union Bank & Trust has begun its second century of service, having been founded in 1917. The Bank was originally known as the Farmer’s State Bank, one of many “Farmer’s State Banks” located throughout the Mid-West. The name was changed to Union Bank in 1935, and in 1959, following the addition of trust powers, became Union Bank & Trust Company. The Bank was purchased in 1965 by the Dunlap family (a familiar name in Nebraska banking), which still owns and manages the Bank. Union Bank & Trust is currently the fourth largest bank headquartered in Nebraska, with deposits in excess of $2.9 billion and more than 180,700 customer accounts.

How the CDs Compare

When compared to the similar length-of-term CDs tracked by DepositAccounts.com that are available within the Bank’s online market area, Union Bank & Trust’s 60-month CD APYs currently rank in the top five, regardless of minimum deposit.

When compared to the similar length-of-term CDs tracked by DepositAccounts.com that are available to Nebraska and Kansas residents, Union Bank & Trust’s 32-month Rising Rate CD APY (blended) currently ranks third.

The above rates are accurate as of 5/28/2018.

To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Rable page.

Related Pages: Kansas City CD rates, Omaha CD rates, Lincoln CD rates, Sioux Falls CD rates, 5-year CD rates

Union Bank and Trust (NE/KS) Ups Long-Term CD Special Rates
Deal Summary: CD Specials: 48-month, 2.57% APY ($25k+), 2.47% APY ($1k+); 60-month, 2.73% APY ($25k+), 2.63% APY ($1k+).

Availability: Residents of Nebraska and Kansas.

At the end of last week, Union Bank & Trust (UBT) raised the rate on two of its long-term CD Specials: 48-month, 2.57% APY ($25k+) and 60-month, 2.73% APY ($25k+). These tiered-rate CDs also offer APYs 10bps lower for opening deposits of $1k+.

Both CDs have been available for more than six years, with rates that could be described as...

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5.20% 60-Month CD at Union Bank & Trust in NE/KS
Union Bank & Trust is offering a 5.20% APY 60-month CD. The minimum deposit is $25,000. A yield of 5.09% APY is available for a $1,000 minimum. This CD is also available in an IRA. Please refer to the bank's rate table for more details. The bank also has a special rising rate CD with a combined yield of 4% APY for 18-months. The first year the yield is 3% and the last 6 months the yield is 6%.

Branches are located throughout Nebraska and in Kansas.

The bank has some...

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