Union National Bank provides three different types of CDs. The first kind is the basic 12 month CD. For one year, this CD can earn you up to 1.00% APY. The next CD in line is the 24 month, which jumps its rate to 1.20% APY. Finally, the third type of CD is the 3 year. For 36 months, you can earn up to 1.40% APY.  Rates do change frequently so be sure and check before you initiate an account. To open an account, you need an amount of at least $10,000.

To apply for any of these CDs, you can go online to their site and fill out their application. Then once that is completed, you can either fax the information or send it by mail.

CD interest is compounded daily at Union National Bank. But the payment is monthly. Withdrawing your funds early is a semi-complicated process, but in summary includes fees of 3 months of interest for a 12 month CD and 6 months of interest for anything more than 1 year.  The fee will first come from what you have already earned in interest, but will also come from your funds if, in the process, your deposit drops below the minimum amount of $10,000.

Union National Bank is FDIC insured