Savings and CDs
Whether you’re saving for the holiday season, a family vacation, retirement or for your children’s futures, Highlands Union Bank has savings options that help you meet your short- or long-range plans.
Highlands Union Bank's Statement Savings account has no monthly fees and no minimum balance requirement. Open your account with a $25.00 deposit. Save for the future and watch your savings grow as interest is credited monthly to your account. With the Statement Savings account, unlimited deposits and withdrawals are allowed, but transfers are limited to 6 per month (i.e. automatic transfers, or transfers completed on our Internet Banking or Telephone banking). FDIC insured.
Individual Retirement Accounts (IRAs)
IRAs present a safe and secure way to save for retirement. Highlands Union Bank offers a variety of options: Roth IRAs, Traditional IRAs and Health Savings Accounts, as well as Coverdell Education Savings Accounts for children under 18. We offer IRAs with fixed-rate terms, ranging from six months to five years. Every day of that period, your interest will compound daily and is credited to the account quarterly. All IRAs are FDIC insured.
Certificates of Deposit
Like an IRA, certificates of deposit from Highlands Union Bank offer terms of six months to five years, depending on your preference and circumstances. A Minimum investment of $500.00 is required to open your account. Certificates of deposit may be subject to early withdrawal penalties. All certificates of deposit are FDIC insured.
The Christmas Club is the perfect account for saving for the holiday season. Open your account with a minimum deposit of $5.00. Interest is compounded and credited monthly to your account. We mail you the account balance by check – which you will receive in time to begin your holiday shopping! FDIC insured.