simplify your choice
choose high yields
MORE THAN A DROP IN YOUR BUCKET
put your savings in a union federal
money market account
One rate for every deposit amount
No monthly fees
$2,500 minimum to open an account
OPEN AN ACCOUNT
Make yourself at home
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Simple online banking.
Union Federal started as a small bank headquartered in North Providence, Rhode Island. Now we're an online bank as well, ready to serve customers across the USA. Learn more
What is a Money Market Account?
A Money Market Account is a type of savings account.
A Money Market Account normally pays higher interest than a traditional savings account and sometimes requires a higher minimum balance - but ours requires only a $1 deposit to open an account.
The number of withdrawals you make each month may be limited.2 [link to footnote 2, alt text: Click for important information]
Why should I open an account?
You want a higher rate of return on savings.
You don't need frequent access to your funds.
You appreciate the security of knowing that your deposits are FDIC-insured to the maximum amount allowed by law.
The First Marblehead Corporation is the parent company of the former Union Federal Savings Bank.
On June 5, 2015, Union Federal Savings Bank closed permanently. If you did not take any action on your deposit account before June 5, 2015, your account(s) have been transitioned to Bank of Internet USA at the close of business on June 5, 2015. If you have any questions for Bank of Internet USA, please contact a representative at 844-773-0647 or visit www.bankofinternet.com/ufsb
If you are a former Union Federal Savings Bank customer and have questions regarding your closed account, please contact First Marblehead at 1-800-408-0953.