Union Federal Savings and Loan Association savings, CD and money market rates
Union Federal Savings and Loan Association advertises 0.10% APY on its Savings account. That is 0.27 percentage points below the national savings average of 0.37% (FDIC, Sep 2026).
Ranked #2243 of 2786 tracked savings rates by advertised APY. For a $10,000 balance it would rank #2112. The advertised rate has not changed in the 5 weeks since Banksparency began tracking it, through 1 Federal Reserve rate move.
Estimate your earnings·What Union Federal Savings and Loan Association actually pays
Union Federal Savings and Loan Association at a glance
| Savings | |
|---|---|
| Top savings APY | 0.10% · Savings |
| Minimum to open | $100 · Savings |
| Against the national average | 0.27 percentage points below the 0.37% FDIC savings average (Sep 2026) |
| CDs | |
| Top CD APY | 4.58% · 48 months · 4 Year Variable Rate Certificate |
| Minimum to open | $200 · 48 months CD |
| Against the national average | 3.30 percentage points above the 1.28% FDIC 48-month CD average (Sep 2026) |
| Money market | |
| Top money market APY | 0.10% · Insured Money Market · needs at least $2,500 |
| Minimum to open | not stated · Insured Money Market |
| Against the national average | 0.53 percentage points below the 0.63% FDIC money market average (Sep 2026) |
| FDIC certificate | 27767 · Kewanee, IL |
|---|---|
| Website | www.myunionfederal.com |
| Branches | 6 branches in IL, WI |
| Availability | Available in IL, WI |
Union Federal Savings and Loan Association savings, CD and money market rates
Personal
How the rate applies
How the rate applies
IRA
Rates are APY. The national savings average is 0.37% (FDIC, Sep 2026). The top tracked savings rate on Banksparency is 5.50%. Across 59 savings accounts from 58 banks in the Banksparency core savings index, the median advertised rate is 3.65%, and one account in ten advertises 4.16% or more. See the highest savings rates.
Union Federal Savings and Loan Association CD rates
| Term | APY | Minimum | Product |
|---|---|---|---|
| Personal CDs | |||
| 3 months | 1.00% | $2,500 | 3 Month Certificate |
| 6-11 months | 2.01% | $200 | 180 TO 364 Day Certificate |
| 10 months | 2.00% | $200 | 10 Month Certificate |
| 11 months | 2.00% | $200 | 11 Month Certificate |
| 12 months | 2.75% | $200 | 1 Year Certificate |
| 15 months | 2.78% | $200 | 15 Month Certificate |
| 18 months | 2.78% | $200 | 18 Month Certificate |
| 20 months | 3.03% | $200 | 20 Month Certificate |
| 20 months | 3.14% | $20,000 | 20 Month Tiered Certificate |
| 24 months | 3.14% | $200 | 2 Year Certificate |
| 30 months | 3.03% | $200 | 30 Month Certificate |
| 48 months | 3.03% | $200 | 4 Year Fixed Rate Certificate |
| 48 months | 4.58% | $200 | 4 Year Variable Rate Certificate |
| 60 months | 3.03% | $200 | 5 Year Certificate |
| IRA CDs | |||
| 18 months | 2.52% | $200 | 18 Month IRA CD |
| 24 months | 3.03% | $200 | 24 Month IRA CD |
| 30 months | 3.03% | $200 | 30 Month IRA CD |
| 48 months | 2.25% | $200 | 48 Month IRA CD |
Interactive Tool
Calculate Savings for Union Federal Savings and Loan Association
All calculations are based on APY.
Savings Breakdown
- Interest Earned+$44.20(0.3%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$14,044.20
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
What Union Federal Savings and Loan Association pays on deposits
FDIC call report data
An advertised rate tells you what a new savings account earns today. It cannot tell you how the bank has priced the savings and money market deposits it already holds, over time. This section shows that. The figure is computed from the interest expense and deposit balances that every bank files with the FDIC in the same form. That is what makes it comparable across banks and across quarters.
The two figures answer different questions, so they sit side by side and are not combined.
In Q2 2026, Union Federal Savings and Loan Association paid a higher average rate on savings and money market deposits than 2% of banks that reported a figure (FDIC call report). The all-bank median was 1.45%.
- Union Federal Savings and Loan Association, savings and money market
- All-bank median
How to read these figures
What the average covers. It is an average across the whole bank, taken from its own quarterly FDIC call report. It covers savings accounts and money market deposit accounts, personal and business, at every balance tier. It also covers accounts that were opened years ago and keep the rate of those years. The FDIC line does not separate consumer accounts.
The second figure. The scale row also shows the average across all interest-bearing deposits: savings, interest checking, money market accounts, CDs, personal and business. That figure covers the whole deposit book. The two are shown separately and are not combined.
What the advertised rate covers. It is the rate that this bank advertises now for a new savings account. Banksparency records it from the bank's website on the date shown beside it.
Why the two differ. They measure different things, so this page shows them side by side and keeps them apart. An advertised rate applies to one account, opened now, at today's price. The average also includes older savings balances at the rates of earlier years, money market balances that were priced in a different rate environment, and business accounts. An average below an advertised rate is the usual result of that arithmetic. On its own it is not evidence about the account that you would open.
What the average is useful for. The bank files the data itself, under reporting instructions that are the same for every filer, and the same computation runs for every bank on this site. That makes it comparable in a way that an advertisement is not. Two things on this page read it: the percentile, which shows where the quarter sits among all filers, and the chart, which shows the direction the figure has moved across quarters.
What the average cannot tell you. It cannot tell you the rate that you would earn. No single customer earns the average. For your rate, read the advertised rate above and the rate tables on this page, each with the date it was observed.
What to do next. Use the advertised rate to work out what a new account earns. Use the chart to see how the quarterly average has moved against the all-bank median. Then compare the advertised rate against the current rates on the savings-rate tables before you open an account.
Definitions: Call Report · Rate Paid on Deposits · Interest-Bearing Deposits · Front Book and Back Book · Deposit Rate Percentile
Average annualized rates paid on savings and money market deposits, and on all interest-bearing deposits, quarterly. The FDIC line for savings includes money market deposit accounts and business savings deposits and does not separate consumer accounts. Source: FDIC call report data, as reported; it may be amended. The percentile compares all FDIC filers, count-weighted. A missing quarter is suppressed, never interpolated. The percentile counts the banks that paid strictly less on savings and money market deposits, one vote per bank, among the banks that reported a figure for the quarter.
So what is the catch?
| Product | APY | Min to open | Min to earn | Balance cap | Monthly fee | Requirements | Rate type | 12-mo trend |
|---|---|---|---|---|---|---|---|---|
| Health Savings Account (HSA) | 0.15% | $50 | $50 | None | not stated | not stated | Tiered | |
| Savings | 0.10% | $100 | $100 | None | $6 service charge is assessed if account falls below minimum during quarter, can be waived | not stated | One rate | |
| Fine print: ACH withdrawals are not permitted. A $6 service charge applies in any quarter the balance falls below the $100 minimum. No minimum balance applies when the account holder is under 21. | ||||||||
| Christmas Club | 0.10% | $5 | $0 | None | not stated | not stated | One rate | |
| Insured Money Market | 0.10% | not stated | $200 | None | $5 service charge is assessed if account balance falls below minimum balance required during current cycle | not stated | Tiered | |
| Fine print: Each withdrawal must be $200 or more. A $5 service charge applies in any cycle the balance falls below $2,500. Below $2,500 the rate is reduced to a rate set by the Board of Directors. | ||||||||
Rate type: one rate applies at every balance. A tiered rate changes with your balance. A promotional rate changes after the period shown. A balance cap is the largest balance the highest rate applies to.
The 12-month trend shows the highest advertised rate observed each day and includes promotional tiers where one applied.
CDs
| Product | Term | APY | Min to open | Early withdrawal fee | Compounding |
|---|---|---|---|---|---|
| Personal CDs | |||||
| 3 Month Certificate | 3 months | 1.00% | $2,500 | not stated | not stated |
| Fine print: $2,500 is required to open the account. The minimum balance to earn the stated rate is $200. | |||||
| 180 TO 364 Day Certificate | 6-11 months | 2.01% | $200 | not stated | not stated |
| Fine print: The depositor chooses a term between 180 and 364 days. | |||||
| 10 Month Certificate | 10 months | 2.00% | $200 | not stated | not stated |
| 11 Month Certificate | 11 months | 2.00% | $200 | not stated | not stated |
| 1 Year Certificate | 12 months | 2.75% | $200 | not stated | not stated |
| 15 Month Certificate | 15 months | 2.78% | $200 | not stated | not stated |
| 18 Month Certificate | 18 months | 2.78% | $200 | not stated | not stated |
| 20 Month Certificate | 20 months | 3.03% | $200 | not stated | not stated |
| 20 Month Tiered Certificate | 20 months | 3.14% | $20,000 | not stated | not stated |
| Fine print: $20,000 is required to open the account. If the balance drops below $20,000, the account pays the 20 Month Certificate rate. | |||||
| 2 Year Certificate | 24 months | 3.14% | $200 | not stated | not stated |
| 30 Month Certificate | 30 months | 3.03% | $200 | not stated | not stated |
| 4 Year Fixed Rate Certificate | 48 months | 3.03% | $200 | not stated | not stated |
| Fine print: Additional deposits of $50 or more are allowed during the first year. | |||||
| 4 Year Variable Rate Certificate | 48 months | 4.58% | $200 | not stated | not stated |
| Fine print: Variable rate. It resets twice a month from an index that averages the 3-month Treasury Bill auction rate and the 5-year Treasury Note yield. Deposits of $50 or more can be added in the first year. | |||||
| 5 Year Certificate | 60 months | 3.03% | $200 | not stated | not stated |
| IRA CDs | |||||
| 18 Month IRA CD | 18 months | 2.52% | $200 | not stated | not stated |
| 24 Month IRA CD | 24 months | 3.03% | $200 | not stated | not stated |
| 30 Month IRA CD | 30 months | 3.03% | $200 | not stated | not stated |
| 48 Month IRA CD | 48 months | 2.25% | $200 | not stated | not stated |
Opening and using the account
| Availability | Available in IL, WI |
|---|---|
| Footprint | 6 branches in IL, WI |
| Eligibility | not stated |
How Union Federal Savings and Loan Association behaves over time
Every observation of the advertised Savings rate in the last 12 months was 0.10% (observed through Oct 10, 2026). The series includes promotional tiers where one applied.
Union Federal Savings and Loan Association has not changed its advertised savings rate in the 5 weeks since Banksparency began tracking it, through 1 Federal Reserve rate move.
- Savings
- The same as 30 days ago.
- 48 months CD
- Up 0.38 percentage points from 30 days ago.
- Insured Money Market
- Up 0.05 percentage points from 30 days ago.
- Rate last changed
- Oct 9, 2026(effective date)
$10,000 at the 0.10% APY Union Federal Savings and Loan Association advertises on Savings grows to $10,010 in a year. Prices rose 3.4% in the year to August 2026 (Consumer Price Index (CPI)). After a year of prices rising at that pace, it buys as much as $9,681 does today. See how the federal funds rate shapes savings rates.
Union Federal Savings and Loan Association CD rates over time
Who is Union Federal Savings and Loan Association?
| Headquarters | Kewanee, IL |
|---|---|
| Founded | 1890 |
| Scale | $146M assets · $121M deposits, $117M of it interest-bearing (Q2 2026, FDIC) |
| Deposit insurance | FDIC insured · Certificate 27767 |
| Charter state | Illinois · one of 325 insured banks chartered there (Q2 2026, FDIC) |
| Size | 3,350th-largest by deposits of 4,238 insured banks (Q2 2026, FDIC) |
| Deposit growth | Higher than at 21% of 4,226 insured banks over the four quarters to Q2 2026 (FDIC) |
Financial detail is in What Union Federal Savings and Loan Association pays on deposits above.
Common questions about Union Federal Savings and Loan Association
Is Union Federal Savings and Loan Association FDIC insured?
Yes. Union Federal Savings and Loan Association is FDIC insured under certificate 27767, so deposits are covered up to $250,000 per depositor, per ownership category.
What is the minimum deposit at Union Federal Savings and Loan Association?
Union Federal Savings and Loan Association requires a minimum deposit of $100 to open its Savings account, as observed on Oct 10, 2026. Check the bank's current terms before you open an account.
Does Union Federal Savings and Loan Association have branches?
Yes. Union Federal Savings and Loan Association operates 6 branches according to FDIC branch records, in addition to its website and mobile apps.
Union Federal Savings and Loan Association against its closest alternatives
| Bank | Savings APY | Rate paid on savings and money market deposits (Q2 2026) | Min deposit | Branches |
|---|---|---|---|---|
| Union Federal Savings and Loan Association | 0.10% | 0.10% | $100 | 6 branches in IL, WI |
| Alliance Bank | 0.10% | 1.33% | $300 | 7 branches in IN |
| Andover State Bank | 0.10% | 2.23% | not stated | 2 branches in KS |
| Argentine Federal Savings | 0.10% | 1.99% | $50 | 2 branches in KS |
Each savings APY is the top rate of the account the bank's own page leads with. Alternatives are the three tracked banks whose savings APY is closest to Union Federal Savings and Loan Association's.
Similar banks and related pages
Banks in the same rate band with the same product mix:
Other banks chartered in Illinois, nearest to Union Federal Savings and Loan Association in deposits:
Rate hubs: today's highest savings rates, CD rates by term, and money market rates.
State pages: banks in Illinois.