coins pouring out from a glass jar

Savings & Investments

UBM Savings & Investments


Whether saving for vacation, college or retirement, Union Bank has a savings/investment account just for you. Money Market, Savings, Certificates of Deposit, Kid$ Ka$h Klub and Individual Retirement Accounts – put your money to work for you with one of these savings plans!
  • $1,000 minimum balance requirement ($12 charge will be imposed if balance falls below $1,000 any day during the month).
  • Tiered interest rates based on balance:
  • $1000-$9,999
  • $10,000-$24,999
  • $25,000 & over
  • Please contact your local branch to discuss current rates. Interest subject to change at any time.
  • Interest will be compounded monthly and credited to customer’s account every month. If account is closed before interest is credited, accrued interest is forfeited.
  • This account is not eligible for automatic overdraft privileges.
    Corporations, partnerships and sole proprietorships are eligible for this account.
  • Interest: please contact your local branch to discuss current rates. Interest subject to change at any time. Interest will be compounded quarterly and credited to customer’s account every quarter. If account is closed before interest is credited, accrued interest is forfeited.
  • Fees: a service charge fee of $2.00 will be imposed every month if account balance falls below $100 any day of the month.
  • Statements are mailed monthly if the account has any EFTs (meaning electronic deposits or withdrawals); otherwise, statements are mailed quarterly.
  • $100 minimum opening and re-opening deposit.
  • $10.00 opening and re-opening deposit.
  • Exclusive account to customers age 13 and under.
    Interest: please contact your local branch to discuss current rates. Interest will be compounded quarterly and credited to customer’s account every quarter. If account is closed before interest is credited, accrued interest is forfeited.
  • Birthday letters mailed to account holders and activities are held during the year for Kid$ Ka$h Club members.
  • Statements are mailed monthly if the account has any EFTs (meaning electronic deposits or withdrawals); otherwise, statements are mailed quarterly.
  • Service charge will be waived if you are 18 and younger.
  • No monthly service charge regardless of balance.
  • Unlimited check writing and debit card.
  • $25 minimum opening and re-opening deposit.
  • Monthly statement with images.
  • Earns interest.
  • Certificates are purchased for a specific amount, term and rate.
  • Terms available range from 31 days to 60 months.
  • Interest rate determined by term.
  • Interest can be added to the value of the certificate; credited to a checking or savings account or paid by check.
  • Substantial penalty for withdrawal before maturity.
Union Bank of Mena has three IRA choices. Choose from the Traditional Individual Retirement Account, the Roth IRA, and the Educational IRA, depending on your individual and family needs. For detailed information, please contact our New Accounts Department at (479) 394-2211 or e-mail us at customerserviceUB@unionbankofmena.com