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Here’s what to expect:

It’s never too soon to start planning for the future. Grow your money with a U.S. Bank savings account or Certificate of Deposit (CD). During your transition to U.S. Bank, here’s what you can look forward to.

  • Your Union Bank savings accounts and CDs will move to U.S. Bank on May 30, 2023.
  • Before your account moves to U.S. Bank, you’ll receive a new account number.
  • Your CD(s) will keep their current terms and Annual Percentage Yields (APYs) until they reach maturity.

Save to fit your lifestyle.

U.S. Bank offers different types of savings accounts to match your needs no matter where you are in your financial journey. Visit the U.S. Bank savings account page to learn about all the benefits available to you.

Plan for the future with CD accounts

As a U.S. Bank customer, you can optimize your savings with a CD account. Your Union Bank CD terms and APYs will remain the same with U.S. Bank until your CD reaches maturity. How your interest is paid – added to the account or transferred to another deposit account – will not change. You can see current rates and CD options on the U.S. Bank website.

Answers to your questions about transitioning your savings accounts and CDs to U.S. Bank.

Yes. A letter with your new savings and/or CD account numbers will be mailed to you in May 2023. Beginning May 30, 2023 you’ll be able to view your new account numbers via mobile and online banking. 

Your CD terms, interest rates and APYs will remain the same until the CD reaches maturity. Your interest will be paid in the way you have previously chosen – added to your account or transferred to another deposit account.

All Union Bank savings accounts will be migrated to the U.S. Bank Standard Savings account or Elite Money Market account, and additional account transition information will be sent in the upcoming months to provide further details. APYs and interest rates have yet to be determined for the date of conversion. Interest rates on all deposit accounts are determined at the bank’s discretion and may change daily. For tiered-rate accounts you must maintain the minimum daily balance noted for each tier in order to earn the APY disclosed. Fees could reduce earnings on the account.

For information on current APYs, call 24-hour banking at 800-USBANKS (872-2657), view them via the U.S. Bank Mobile App and online banking or visit usbank.com.

You can easily make a deposit several ways beginning on May 30, 2023.

  • Mobile check deposit1 is safe and secure with the U.S. Bank Mobile App. Your mobile check deposit limits can be found in your mobile banking.
  • Most U.S. Bank ATMs accept deposits 24 hours a day and do not require an envelope. To find an ATM with deposit capabilities, please visit usbank.com/locations.
  • Any U.S. Bank branch will welcome your deposit at the teller or drive-up window.

You will be able to use your current Union Bank Debit and/or ATM Card, along with your existing personal identification number (PIN), through July 31, 2023. Your Union Bank Debit and/or ATM Card will stop working on August 1, 2023, or when you activate your new U.S. Bank Debit and/or ATM Card, whichever comes first.

If your current Union Bank Debit Card only accesses a savings account, you will be receiving a new U.S. Bank ATM Card.

Past Union Bank statements will be viewable through U.S. Bank mobile and online banking. However, there may be a delay in your ability to view statements online. We recommend that you retain any online statements from your Union Bank digital banking that you may need immediately.

Please note that if you do not enroll in U.S. Bank mobile and online banking within 60 days of account conversion and you currently receive e-statements, your e-statements will convert to paper statements and you may be charged a fee.

For more information, please refer to the Consumer Pricing Information section on fees for deposit account statements.

We’ve done our best to match the current alerts set on your Union Bank accounts with alerts that are available at U.S. Bank, but we recommend you review the alerts set on your accounts upon enrollment. U.S. Bank does not have matching alerts for CD accounts.

Your Union Bank savings accounts and CDs will move to U.S. Bank on May 30, 2023. Before your account moves to U.S. Bank, you’ll receive a new account number. Your CD(s) will keep their current terms and APYs until they reach maturity.

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Disclosures

  1. Services available in U.S. only. Eligibility requirements and restrictions apply. Contact a U.S. Bank branch to obtain the Digital Services Agreement for more information.

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Deposit products are offered by U.S. Bank National Association. Member FDIC.

The U.S. Bank Visa® Debit Card is issued by U.S. Bank National Association, pursuant to a license from Visa U.S.A. Inc.

Refer to Your Deposit Account Agreement (PDF) and the Consumer Pricing Information (PDF) disclosure for a summary of fees, terms and conditions that apply.