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Union Bank

Open Farm Deposit Account

Deposit Rates 

*All rates are quoted in Annual Percentage Yield (APY)

Staying up to date on the most current Deposit Rates is essential to staying on top of your personal finances—so we make it as easy as possible to stay in the know. Review the latest deposit rates in the chart below for rates accurate as of Friday, August 16, 2019. Rates are subject to change without notice; please call for today's rates.



*Note: Interest is paid on the full balance for the applicable tier. Annual percentage yield (APY) may change after the account is opened. Deposit account fees could reduce earnings. Some accounts may require minimum deposits.

Visit our checking and savings pages for terms and conditions.


Overdraft Protection

Ensure the checks you write are paid with overdraft protection services. We offer three programs:

Bounce Protection • Retail Customers Only

Avoid the inconvenience and additional charges associated with having a check returned to a merchant. We will charge a $31 overdraft fee for each occurrence, but your check will be paid and not returned. This service is automatically provided—no enrollment needed—to checking accounts open at least 30 days and in good standing. Bounce Protection limits vary by the checking account product you are enrolled in: 

  • Bonus and Advantage Checking: $500 Bounce limits
  • Simple and Flexible Checking: $300 Bounce limits
  • If your account reaches these limits, any additional unpaid checks will be returned and charged the overdraft fee.

Sweep from Savings • Retail & Business Customers

Funds automatically pull from your savings account if the checking account is overdrawn. If you have a current UB savings account or wish to open a new one, simply ask for your checking account to be directly tied to savings.

Additional Details:

  • Accounts may sweep up to six times in a statement cycle
  • Transfers pull in increments of $50
  • $5 fee for each sweep occurrence— far below a $31 overdraft fee
  • Ensures checks are paid

ODP Line of Credit • Retail & Business Customers

An ODP line of credit is available for both UB’s retail and business customers, allowing for a checking account to be tied to a pre-approved line of credit.

Additional Details:
  • Credit lines as low as $500
  • Advances from the line to your checking account in increments of $100
  • Annual fee of $25; no fee per occurrence
  • Monthly statements for any outstanding balance on the line of credit based on current interest rates
  • Minimum monthly payment is $25
  • Additional fee of $15 if payments are not made on a timely basis
  • Customers must meet all credit standards to be approved for a line of credit

*Note: If your account is enrolled for Sweep and/or a Line of Credit, the Bounce Protection program will only be used as the last resort. Sweep will always be used in full before the Line of Credit is drawn from. 

If you’re interested in or need help with any of these services, please call or stop by your favorite Union Bank branch today, or fill out our Contact Form.


Open a Farm Deposit Account

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