Union Bank & Trust Adds 27-Month CD
In May, Union Bank & Trust (UBT) was offering a competitive 3.14% APY on its 60-month CD Special. UBT is still offering a 3.14% APY, but this time it's available on a new 27-month CD Special ($25k+). Deposits between $1k and $24,999.99 earn 3.04% APY. If you're curious about the 60-month CD Special, it's still available and currently earns 3.29% APY on deposits of $25k+ and 3.19% APY on deposits of $1k+.
The 27-month CD Special is also offered as an IRA (Traditional), earning the same APYs with the same funding requirements.
In a Live Chat, CSR stated the Early Withdrawal Penalty for the 27-month CD Special is “6 months worth of interest.”
Availability
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 27-month CD Special 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.
Bank Overview
Union Bank & Trust has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 6.37% (excellent) based on June 30, 2018 data. In the past year, UBT has increased its total non-brokered deposits by $250.92 million, an excellent annual growth rate of 10.73%. Please refer to our financial overview of Union Bank & Trust (FDIC Certificate # 13421) for more details.
Union Bank & Trust is in 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 $4 billion and nearly 185,000 customer accounts.
How the CD Special Compares
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 27-month CD APYs currently rank first and second, regardless of minimum deposit.
The above rates are accurate as of 10/1/2018.
To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.