Begin the journey to smart savings.
Whether you’re getting ready to save for a special purchase or looking to strengthen your long-term plan, a brighter future starts with the right personal savings account. Let us assist you to find the one that will help you reach your goals. Why? Because we want to be the best bank for savings, so we’re here to help you take that first step; the one that creates a habit that’s with you for life.
USB Savings Accounts: The best way to pave the future you want.
Take the first step on your journey to smarter savings. Choose from our savings accounts to help you get where you want to be. As your Connecticut savings bank, we’re always here to help, every step of the way.
- ACCESS SAVINGS
- ESSENTIAL SAVINGS
- YOUNG SAVERS***
Not sure where to begin?
Let's compare accounts.
- ACCESS SAVINGS
- ESSENTIAL SAVINGS
- YOUNG SAVERS***
- Minimum Opening Balance
- $300
- $25
- $5
- Monthly Service Fees
- $51
- $32
- None
- Interest Compounded
- Monthly
- Monthly
- Monthly
- Tiered Interest
- USB Contactless Debit Card
- Statements
- Quarterly3
- Quarterly3
- Quarterly3
- ATM Access
- Direct Deposit
- USB Mobile
- Online Banking
- USB Visa Credit Card
- 4
- 4
- eStatements
Manage your bank account with ease
With USB Digital Banking Tutor, you can learn how to use our online and mobile banking products so you can better manage your finances wherever you are, anytime you want.
Here are a few specialized ways to save
INDIVIDUAL RETIREMENT ACCOUNT (IRA)
An IRA account is a great way to start saving for retirement or supplement your retirement savings, if you qualify. Traditional IRAs offer tax benefits and Roth IRAs allow tax-free withdrawals in the future. Both allow your contributions to grow tax-free. Find the IRA account that is right for you on our FutureTrack site by clicking here.
CERTIFICATE OF DEPOSIT
Certificates of Deposit (CDs) allow you to earn a higher interest rate than savings accounts when you don’t need every day access to your funds.
MONEY MARKET
Earn the highest possible interest rate on your savings. Enjoy limited check writing.
HEALTH SAVINGS ACCOUNT
If you have a High Deductible Health Plan (HDHP), you are eligible to create a tax advantaged Health Savings Account (HSA). It’s a great way to put personal savings aside for unexpected, covered, medical expenses; savings that grow tax free. Rules and restrictions can get a bit complicated – learn more in our FAQ section.
CLUB SAVINGS ACCOUNTS
Holidays, vacations, and other big ticket items and events. There’s no money stress when you plan ahead. Set aside as little as five dollars a week, earn interest and receive statements to chart your personal savings progress as you inch closer to your goal.
USB Savings Rates
- Annual Percentage Yield (APY)*
- $0.01 - $9,999.99
- 0.03%
- $10,000.00 - $49,999.99
- 0.03%
- $50,000.00 - $99,999.99
- 0.10%
- $100,000.00 - $249,999.99
- 0.15%
- $250,000.00 - $749,999.99
- 0.40%
- $750,000.00+
- 0.75%
- Interest Rate
- $0.01 - $9,999.99
- 0.03%
- $10,000.00 - $49,999.99
- 0.03%
- $50,000.00 - $99,999.99
- 0.10%
- $100,000.00 - $249,999.99
- 0.15%
- $250,000.00 - $749,999.99
- 0.40%
- $750,000.00+
- 0.75%
- Frequency Of Rate Change**
- Variable
- Interest Compounding
- Monthly
- Interest Credited
- Monthly
- Minimum Balance To Open Account
- $300.00
- Minimum Balance To Earn APY
- $0.01
- Annual Percentage Yield (APY)*
- 0.03%
- Interest Rate
- 0.03%
- Frequency of Rate Change**
- Variable
- Interest Compounding
- Monthly
- Interest Credited
- Monthly
- Minimum Balance To Open Account
- $25
- Minimum Balance To Earn APY
- $0.01
- Annual Percentage Yield*
- 91 Day
- 0.10%
- 6 Month
- 0.20%
- 9 Month
- 0.17%
- 12 Month
- 0.25%
- 18 Month
- 0.35%
- 24 Month
- 0.40%
- 36 Month
- 0.50%
- 48 Month
- 0.55%
- 60 Month
- 0.60%
- Interest Rate
- 91 Day
- 0.10%
- 6 Month
- 0.20%
- 9 Month
- 0.17%
- 12 Month
- 0.25%
- 18 Month
- 0.35%
- 24 Month
- 0.40%
- 36 Month
- 0.50%
- 48 Month
- 0.55%
- 60 Month
- 0.60%
- Frequency of Rate Change**
- 91 Day
- At Maturity
- 6 Month
- At Maturity
- 9 Month
- At Maturity
- 12 Month
- At Maturity
- 18 Month
- At Maturity
- 24 Month
- At Maturity
- 36 Month
- At Maturity
- 48 Month
- At Maturity
- 60 Month
- At Maturity
- Interest Compounding
- 91 Day
- Monthly
- 6 Month
- Monthly
- 9 Month
- Monthly
- 12 Month
- Monthly
- 18 Month
- Monthly
- 24 Month
- Monthly
- 36 Month
- Monthly
- 48 Month
- Monthly
- 60 Month
- Monthly
- Interest Credited
- 91 Day
- Monthly
- 6 Month
- Monthly
- 9 Month
- Monthly
- 12 Month
- Monthly
- 18 Month
- Monthly
- 24 Month
- Monthly
- 36 Month
- Monthly
- 48 Month
- Monthly
- 60 Month
- Monthly
- Minimum Opening Deposit Required
- 91 Day
- $1,000.00
- 6 Month
- $1,000.00
- 9 Month
- $1,000.00
- 12 Month
- $1,000.00
- 18 Month
- $1,000.00
- 24 Month
- $1,000.00
- 36 Month
- $1,000.00
- 48 Month
- $1,000.00
- 60 Month
- $1,000.00
- Minimum Balance to Earn APY
- 91 Day
- $0.01
- 6 Month
- $0.01
- 9 Month
- $0.01
- 12 Month
- $0.01
- 18 Month
- $0.01
- 24 Month
- $0.01
- 36 Month
- $0.01
- 48 Month
- $0.01
- 60 Month
- $0.01
- Annual Percentage Yield*
- 91 Day
- 0.10%
- 6 Month
- 0.20%
- 9 Month
- 0.17%
- 12 Month
- 0.25%
- 18 Month
- 0.35%
- 24 Month
- 0.40%
- 36 Month
- 0.45%
- 48 Month
- 0.55%
- 60 Month
- 0.60%
- Interest Rate
- 91 Day
- 0.10%
- 6 Month
- 0.20%
- 9 Month
- 0.17%
- 12 Month
- 0.25%
- 18 Month
- 0.35%
- 24 Month
- 0.40%
- 36 Month
- 0.45%
- 48 Month
- 0.55%
- 60 Month
- 0.60%
- Frequency of Rate Change**
- 91 Day
- At Maturity
- 6 Month
- At Maturity
- 9 Month
- At Maturity
- 12 Month
- At Maturity
- 18 Month
- At Maturity
- 24 Month
- At Maturity
- 36 Month
- At Maturity
- 48 Month
- At Maturity
- 60 Month
- At Maturity
- Interest Compounding
- 91 Day
- Monthly
- 6 Month
- Monthly
- 9 Month
- Monthly
- 12 Month
- Monthly
- 18 Month
- Monthly
- 24 Month
- Monthly
- 36 Month
- Monthly
- 48 Month
- Monthly
- 60 Month
- Monthly
- Interest Credited
- 91 Day
- Monthly
- 6 Month
- Monthly
- 9 Month
- Monthly
- 12 Month
- Monthly
- 18 Month
- Monthly
- 24 Month
- Monthly
- 36 Month
- Monthly
- 48 Month
- Monthly
- 60 Month
- Monthly
- Minimum Opening Deposit Required
- 91 Day
- $1,000.00
- 6 Month
- $1,000.00
- 9 Month
- $1,000.00
- 12 Month
- $1,000.00
- 18 Month
- $1,000.00
- 24 Month
- $1,000.00
- 36 Month
- $1,000.00
- 48 Month
- $1,000.00
- 60 Month
- $1,000.00
- Minimum Balance to Earn APY
- 91 Day
- $0.01
- 6 Month
- $0.01
- 9 Month
- $0.01
- 12 Month
- $0.01
- 18 Month
- $0.01
- 24 Month
- $0.01
- 36 Month
- $0.01
- 48 Month
- $0.01
- 60 Month
- $0.01
- Annual Percentage Yield*
- $0.01-$24,999.99
- 0.03%
- $25,000.00 - $49,999.99
- 0.03%
- $50,000.00 - $99,999.99
- 0.05%
- $100,000.00+
- 0.07%
- Interest Rate
- $0.01-$24,999.99
- 0.03%
- $25,000.00 - $49,999.99
- 0.03%
- $50,000.00 - $99,999.99
- 0.05%
- $100,000.00+
- 0.07%
- Frequency of Rate Change**
- $0.01-$24,999.99
- Variable
- $25,000.00 - $49,999.99
- Variable
- $50,000.00 - $99,999.99
- Variable
- $100,000.00+
- Variable
- Interest Compounding
- $0.01-$24,999.99
- Monthly
- $25,000.00 - $49,999.99
- Monthly
- $50,000.00 - $99,999.99
- Monthly
- $100,000.00+
- Monthly
- Interest Credited
- $0.01-$24,999.99
- Monthly
- $25,000.00 - $49,999.99
- Monthly
- $50,000.00 - $99,999.99
- Monthly
- $100,000.00+
- Monthly
- Minimum Opening Balance
- $0.01-$24,999.99
- $500.00
- $25,000.00 - $49,999.99
- $500.00
- $50,000.00 - $99,999.99
- $500.00
- $100,000.00+
- $500.00
- Minimum Balance to Earn APY
- $0.01-$24,999.99
- $0.01
- $25,000.00 - $49,999.99
- $0.01
- $50,000.00 - $99,999.99
- $0.01
- $100,000.00+
- $0.01
- Annual Percentage Yield*
- $0.01-$999.99
- 0.03%
- $1,000.00 - $4,999.99
- 0.03%
- $5,000.00 - $14,999.99
- 0.03%
- $15,000.00 - $24,999.99
- 0.03%
- $25,000.00+
- 0.05%
- Interest Rate
- $0.01-$999.99
- 0.03%
- $1,000.00 - $4,999.99
- 0.03%
- $5,000.00 - $14,999.99
- 0.03%
- $15,000.00 - $24,999.99
- 0.03%
- $25,000.00+
- 0.05%
- Frequency of Rate Change**
- $0.01-$999.99
- Variable
- $1,000.00 - $4,999.99
- Variable
- $5,000.00 - $14,999.99
- Variable
- $15,000.00 - $24,999.99
- Variable
- $25,000.00+
- Variable
- Interest Compounding
- $0.01-$999.99
- Monthly
- $1,000.00 - $4,999.99
- Monthly
- $5,000.00 - $14,999.99
- Monthly
- $15,000.00 - $24,999.99
- Monthly
- $25,000.00+
- Monthly
- Minimum Opening Balance
- $0.01-$999.99
- $0.00
- $1,000.00 - $4,999.99
- $0.00
- $5,000.00 - $14,999.99
- $0.00
- $15,000.00 - $24,999.99
- $0.00
- $25,000.00+
- $0.00
- Minimum Balance to Earn APY
- $0.01 - $999.99
- $0.01
- $1,000.00 - $4,999.99
- $0.01
- $5,000.00 - $14,999.99
- $0.01
- $15,000.00 - $24,999.99
- $0.01
- $25,000.00+
- $0.01
- Annual Percentage Yield*
- 0.03%
- Interest Rate
- 0.03%
- Amount of Time Interest Rate in Effect
- Variable
- Interest Compounded
- Simple
- Interest Credited
- Annually
- Minimum Opening Deposit Required
- $5.00
- Minimum Balance to Earn APY
- $0.01
- Annual Percentage Yield (APY)*
- $0.01 - $4,999.99
- 0.10%
- $5,000+
- 0.15%
- Interest Rate
- $0.01 - $4,999.99
- 0.10%
- $5,000+
- 0.15%
- Frequency of Rate Change**
- Variable
- Interest Compounding
- Monthly
- Interest Credited
- Monthly
- Minimum Balance to Open Account
- $5.00
- Minimum Balance to Earn APY
- $0.01
Personal Banking FAQs
How is interest calculated on my savings account?
Interest is compounded monthly and credited monthly, unless otherwise noted. The interest rate is variable, meaning the interest rate and annual percentage yield (APY) may change as often as daily, at our discretion. We use the daily balance computation to calculate the interest on your account. This method applies a daily periodic rate to the principal in that account each day.
Is there a minimum deposit required to open a Union Savings Bank personal savings account?
The minimum opening deposit varies depending on the type of savings account: Club Savings and Young Savers Account is $5.00; Essential Savings is $25, Landlord/Tenant Savings is $100.00; and Access Savings is $300.00. See all the features of a Union Savings Bank personal savings account here
What type of personal savings accounts does Union Savings Bank offer?
Union Savings Bank offers a variety of savings products for every budget. Many feature flexible maturity periods designed to suit your financial needs:
• Essential Savings
• Access Savings
• Young Savers Account
• Club Savings Account
• Landlord/Tenant Account
• Personal Money Market
• Certificates of Deposit
• Health Savings Accounts
Do I get a free USB savings account when I open a USB checking account?
No, you must open and fund a personal savings account separately from your checking account. Find out which personal savings account is right for you.
Disclaimers
1 There are 3 ways to waive the $5.00 monthly service fee: Maintain a $500 minimum daily balance during the statement cycle; OR primary owner is 18 years of age or younger or 60 years of age or older; OR primary owner of Access Savings is an owner of Access Checking account.
2 There are 3 ways to waive the $3.00 monthly service fee: Maintain a $300 minimum daily balance during the statement cycle; OR primary owner is 18 years of age or younger or 60 years of age or older; OR primary owner of Essential Savings is an owner of Essential Checking account.
3 eStatements are available. You may choose to receive a combined monthly statement for any account you have with us.
4 The creditor and issuer of these cards is Elan Financial Services, pursuant to separate licenses from Visa U.S.A. Inc. Credit approval is required.
*** Young Savers accounts are intended for customers under the age of 21 and will be converted to an Essential Savings account when the account holder reaches the age of 21.
UNION SAVINGS BANK RATE DISCLAIMERS
*Fees may reduce earnings
**Rates may change after the account is opened
†Subject to rules for IRA accounts. Additional prior and current year contributions are allowed for all IRA CDs listed above.
Read all disclosures that apply to your account, including the Consumer Deposit Agreement and Schedule of Interest and Deposit Account Charges.
Substantial penalty for early withdrawal from CD accounts, please refer to the Consumer Deposit Agreement.
Penalty may affect principal balance.