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  Union Bank Regular Savings Account

Union Bank Regular Savings Account

in Savings Accounts from Union Bank · fdic

Unaffiliated

Union Bank Regular Savings Account

Unaffiliated

in Savings Accounts from Union Bank · Member FDIC

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Highlights
Monthly Fee $0 - $4
APY (Annual Percentage Yield) 0.01% - 0.05%
APY Minimum Balance N/A

Union Bank Regular Savings Account Review

Union Bank Regular Savings Account is offered by Union Bank, a bank founded in 1864 and based in San Francisco, CA. Union Bank Regular Savings Account is available in 50 states (and Washington, DC).

Key Takeaways
  • Higher than average APY. Union Bank Regular Savings Account has an annual percentage yield of up to 0.05%, which is higher than the national average interest rate on savings accounts.
  • $0 monthly Service Charge available. This account charges a monthly service fee of up to $4, but the fee is waived if you keep a minimum balance of $300 or have a monthly direct deposit of $25.
  • No ATM fees. Union Bank Regular Savings Account does not charge fees on ATM transactions.
Union Bank savings account Pros & Cons
Pros Cons
  • Available in all 50 states.
  • Interest-yielding account.
  • Access to physical branches.
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
  • Does not provide access to a nationwide ATM network.
  • Does not come with a debit card
  • Higher than average wire transfer fees.
  • Monthly service charge (if minimums are not met).
Union Bank savings account FAQ

Are savings accounts from Union Bank federally insured?

Yes, your Union Bank savings accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

Does Union Bank offer a signup bonus?

Union Bank savings account doesn't offer a signup bonus.

What is the minimum initial deposit for Union Bank savings account?

The minimum deposit to open a Union Bank savings account is $50.
Union Bank Regular Savings Account Minimums
Description
Minimum Balance to Avoid Monthly Fee Starting at $300
Minimum Direct Deposit to Avoid Monthly Fee $25
Minimum Opening Deposit Starting at $50

What APY does Union Bank offer?

Union Bank savings account offers an APY starting at 0.01% and ranging up to 0.05% (APY stands for annual percentage yield, rates may change).

What fees does Union Bank savings account charge?

Union Bank savings account does not charge a monthly service fee. See the fee breakdown section below to view all fees.

However, you can waive the monthly fees if you have a minimum daily balance of $300. Avoid the monthly fees by setting up a direct deposit of at least $25.

  • Outgoing domestic bank transfers come with a $45 fee.
  • Outgoing international bank transfers come with a $65 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
  • Union Bank savings account charges $2 every time you request a paper statement.

What features and perks does Union Bank savings account offer?

This savings account includes the following features:

  • Check images with monthly statement - Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks for each statement period.
  • Fraud monitoring - Union Bank savings account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location, or you make a sudden string of costly purchases.
  • Mobile Banking Services - Union Bank savings account allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.

Can you set up a direct deposit to Union Bank savings account?

In most cases, the answer is yes. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

Minimum Balance to Avoid Monthly Fee Starting at $300
Minimum Direct Deposit to Avoid Monthly Fee $25
Minimum Opening Deposit Starting at $50
International ATM Surcharge $5
Monthly Fee $0 - $4
Paper Statement Fee $2
Returned Deposit Fee (Domestic) $6
Wire Transfer Fee - Domestic (Outgoing) $45
Wire Transfer Fee - International (Outgoing) $65
Bauer Financial A+/A Rating
Account Features
  • No ATM Fees
  • Mobile Check Deposit
  • No Monthly Maintenance Fee
  • Interest Bearing Account
  • Check Images with Statement
  • Mobile Banking
  • Fraud Monitoring
  • Automatic Transfers
  • Bauer Financial A+/A Rating
  • Branch Access
APY (Annual Percentage Yield) 0.01% - 0.05%

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