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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
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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.
Union Federal will be closing the branch which is located at 1565 Mineral Spring Avenue, North Providence, RI on June 5, 2015 at 3:00 PM EST. As a result of the branch closing, we will no longer be holding nor servicing your bank account. Please be assured that Union Federal continues to be a safe and sound institution. Arrangements have been made for your deposit account(s) to transition to Bank of Internet USA at the close of business on June 5, 2015. If you take no action, your deposit account will transfer to Bank of Internet USA at the close of business on June 5, 2015. If you have additional questions regarding UFSB, please call us at (800) 992-0278. At the close of business on June 5, 2015, the UFSB online login will be permanently unavailable.
As of June 8, 2015 11AM EST, you may visit and register for online banking at this website: www.bankofinternet.com/ufsb. If you’d like further information on Bank of Internet USA, please call them at 844-773-0647 or visit this website: www.bankofinternet.com/ufsb.
One Money Market rate for every deposit amount. Start saving with only $2,500!
FDIC deposit insurance and the FDIC Transaction Account Guarantee Program.