bank rates

Two Money-Worthy CDs Blow Across Plains

Union Bank & Trust is offering Nebraska and Kansas savers two chart-topping CD deals.

The first is a 30-month certificate paying 1.85% APY with a minimum $25,000 investment (or 1.75% with a $1,000 investment), which competes nicely with the top nationally available 2- and 3-year returns from the banks on our CD Rates Leaderboard.

In addition, Union is offering a Rising Rate 60-month CD with a minimum $1,000 investment.

Paying 1.50% for the first 36 months and then 4.00% for the fourth and fifth years, the blended rate over 60 months is 2.50% APY, which outpays the top national 5-year yield on our Leaderboard.

If you can find better deals than that in Bankrate’s extensive database of the best CD rates cross the country, you’ll know you have a real winner.

The early-withdrawal penalty is a typical 6 months’ interest. But with the Rising Rate CD, it’s a little more complicated.

A penalty-free withdrawal is allowed at the end of the first 36 months. If the certificate of deposit is cashed in at any other time, the six months penalty is imposed at the current interest rate, which would be 4% starting at month 37.

Banking at Union is open to any Nebraska or Kansas resident, but you must buy its promotional CDs at one of 35 branches from Valentine, Nebraska, through Lincoln and Omaha to the Kansas City area.

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