SAVINGS PRODUCTS THAT VALUE YOUR FUTURE
 
 Statement Savings  Christmas Clubs  CDs  IRAs
 

STATEMENT SAVINGS ACCOUNT



The West Union Bank's newest savings product is a statement savings account. An easy, no fee account that you can access online or via phone through FingerTip Banking.

• You will receive a quarterly statement similar to your monthly checking account statement.

To open an account or obtain more information, call or visit a West Union Bank office. Choose the Contact Us Menu Link at left for bank office locations and telephone numbers.

 
 

CHRISTMAS CLUB ACCOUNT



Plan ahead for Christmas expenses by saving year-round with a West Union Bank Christmas Club Account available to all bank customers.

A Christmas Club Account offers a higher interest rate (1.0%, 1.0% Annual Percentage Yield for 2013) than Statement Savings.

•Accounts are available for as little as $50 and as much as $2,500.Payments are calculated from the total amount you wish to save.
•If you make payments to your Christmas Club Account by allowing the Bank to withdraw from a checking or savings account, you will receive a monthly statement showing the activity and balance.
•You will receive your Christmas Club check in October allowing you plenty of time for Christmas shopping.
•New Christmas Clubs begin shortly after club payments are distributed in October.

To Open an Account or obtain more Information, call or visit a West Union Bank office. Choose the Contact Us Menu Link at left for bank office locations and telephone numbers.

Plan early for Christmas, and earn more for doing it!

 
 

CERTIFICATES OF DEPOSIT


West Union Bank offers a variety of Certificates of Deposit (CDs) for your savings needs. Whether you prefer a short-term CD for a quick return or a more substantial savings for the future, we offer a CD for your lifestyle.

Our knowledgeable Bankers will assist you in reviewing our CDs and selecting one that will work best for you.

The Chart below shows our CDs and interest rates. Other guidelines governing our CDs are listed below the Chart.

CD INTEREST RATES– EFFECTIVE March 11, 2014

Term Length

Compounding Frequency

Interest Rate

Calculated APY*

Deposit Customer Rate

Deposit Customer APY*

**90 Day

At Maturity

0.10%

0.10%

**182 Day

At Maturity

0.15%

0.15%

**10 Month

At Maturity

0.20%

0.20%

12 Month

Monthly

0.25%

0.25%

0.30%

0.30%

18 Month

Monthly

0.30%

0.30%

24 Month

Monthly

0.40%

0.40%

0.45%

0.45%

27 Month

Monthly

0.45%

0.45%

30 Month

Monthly

0.50%

0.50%

36 Month

Monthly

0.60%

0.60%

40 Month

Monthly

0.65%

0.65%

48 Month

Monthly

0.75%

0.75%

60 Month

Monthly

0.90%

0.90%

**7 Month

At Maturity

0.15%

0.15%

15 Month

Monthly

0.25%

0.25%

25 Month

Monthly

0.40%

0.40%

  

 

 

 

 

 

* APY is Annual Percentage Yield
**The 90 Day CD, 182 Day CD, 7 Month, 10 Month CDs pay simple interest.

CDs – General Information

• Interest for CDs will be compounded every month, with the exception of CDs with terms of less than one year. These will compound at maturity.
• Interest will be credited to your account every month.
• You must deposit $500 to open a West Union Bank CD.
• You may not make any deposits into your CD before maturity.
• You may make withdrawals of principal from your CD before maturity only if we agree at the time you request the withdrawal. A penalty may be assessed.
• You can withdraw only interest credited in the term before maturity of that term without penalty. You can withdraw interest one time during the term after it is credited to your CD.
• A penalty may be imposed for withdrawals before maturity. If your account has an original maturity of one year or less, the fee we may impose will equal one month's interest on the amount withdrawn subject to penalty. If your account has an original maturity of greater than one year, the fee we may impose will equal three months’ interest on the amount withdrawn subject to penalty.
• The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.
• West Union Bank CDs automatically renew at maturity. You may prevent renewal if you withdraw the funds in the account at maturity (or within the 10-day grace period) or if we receive notice from you within the 10-day grace period. If you prevent renewal, interest will not accrue after final maturity.
• CDs will automatically renew at the same rate being offered for new time deposits that have the same term.

For more information or to open an account contact us, Choose theContact UsLink on the Menu at left for bank locations and telephone numbers.

 
 

INDIVIDUAL RETIREMENT ACCOUNTS


As part of your long term planning for retirement you should consider opening an Individual Retirement Account.

The Chart below shows our IRAs and interest rates. Other guidelines governing our IRAs are listed below the Chart.

IRA INTEREST RATES– Effective March 11, 2014

 

Term Length

Compounding Frequency

Interest
Rate

Calculated APY*

30 Month Variable IRA

Monthly

0.30%

0.30%

48 Month Variable IRA

Monthly

0.65%

0.65%

24 Month Fixed IRA

Monthly

0.40%

0.40%

36 Month Fixed IRA Monthly

0.60%

0.60% 

60 Month Fixed IRA

Monthly

0.90%

0.90%

60 Month Fixed Coverdell IRA

Monthly

0.90%

0.90%


NOTICE: West Union Bank