Union Savings Bank has several competitive specials at its Bloomington branch. These include a 3.00% APY 9-month CD, a 2.50% APY 5- and 6-month CD and a 2.50% APY Super Saver Passbook. Minimum deposit for the CDs is $500 with no maximum. The passbook savings account requires a $10K balance to qualify for the 2.50% APY. There are no monthly fees. Another plus with these specials is that there are no checking account requirement. These specials aren't listed at the bank's website. A reader emailed me info on these, and I just called for additional details. According to the CSR, it's likely that these specials will last at least through this week, but there's no guarantee.
These specials are only available at the Bloomington, Indiana branch. I called a Cincinnati branch, and they had different special CDs with much lower rates. If you live in Indiana or Ohio, you may want to check with your local Union Savings branch.
Union Savings Bank is a subsidiary of US Bancorp, but it has its own FDIC charter (FDIC Certificate # 32296).
The bank has strong ratings for safety and soundness: 4 stars (excellent) at BauerFinancial (based on 3/31/09 data) and 4 stars (sound) at Bankrate.com (based on 12/31/08 data).
Thanks to the reader who emailed me news of these specials.
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