bank rates

Union Bank: Best CD Rates at 60 Months

Compared with some of the nation’s biggest banks, you could do worse.
Union Bank: Go Long On CD Rates
That’s not to say California-based Union Bank has great CD rates. It doesn’t.

We’re just saying the rates are better than those offered by some of Union’s big bank bretheren.

Union’s 60-month CD is its only offering that comes close to scoring big, paying 2.00% APY with a $350 minimum deposit.

That’s about four-tenths of a percentage point more than the average annual yield of 1.61% that large banks and thrifts are paying for 60-month CDs.

The best way to score a CD rates touchdown is to check out our CD Rates Leaderboard. The 60-month leader there is paying 2.93% APY.

That’s nearly a full percentage point more than what Union Bank — with 396 branches in California, Oregon, Washington and Texas — is offering.

The only other above- or at-average rates from Union Bank:

6-month CD rate is 0.30% APY, which matches the average rate.

18-month CD rate is 0.60% APY versus an average rate of 0.48% APY for 12-month CDs.

48-month CD rate is 1.50% APY versus an average rate of 1.05% APY for 36-month CDs.

Compare Union’s rates with the best CD rates from scores of other banks in our extensive database.

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Comments (3)
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3 Existing Comments
  1. SeniorSaver said:
    on February 5th at 03:58 pm

    I’ve had my primary checking account at Union Bank (and its predecessors) for years. Their customer service is first rate. As for CDs, I’ve limited myself to their periodic promotions (which can be very good, like a 2.50% APY three-year CD special offered last summer). This has meant my CD money has gone in and out and then back in again. Maybe they’ll listen to me one day, and have at least one great promotional rate going all the time! (I’m not holding my breath, however.)

  2. Kathy O'Gorman said:
    on February 27th at 01:44 pm

    A bit of good news: As of 2/27, the 60-month CD rate is up to 2.50% APY.

  3. Kathy at Bankaholic said:
    on March 30th at 09:50 am

    Union Bank’s higher 60-month rate — 2.50% APY — is still offered as of March 30, 2011.