Union County Savings Bank Passbook CDs

Union County Savings Bank announced on September 3, 2026, the return of Passbook CDs, combining the security of a certificate of deposit with the tangible experience of maintaining a passbook. The offering is designed for customers who appreciate a traditional approach to banking and saving.

Chris McFadden, CEO and President of Union County Savings Bank, stated: "Passbook savings is a tradition that many of our customers remember, and we are excited to bring it back. At Union County Savings Bank, we believe there is still value in providing customers with traditional banking products while continuing to meet their financial needs today."

The return of Passbook CDs reflects the bank's focus on providing customers with savings options tailored to different financial goals and preferences. The product is available through Union County Savings Bank, which serves individuals, families, and businesses throughout the region.

Customers interested in learning more about Passbook CDs, including current rates, terms, and eligibility requirements, can contact their local branch or visit the bank's website at unioncountysavings.com/about/find-a-branch/.

Union County Life covers Elizabeth business and financial services news. Find more Elizabeth news on Union County Life.

Photo Credit: unioncountysavings.com

FAQ

Q: What is a Passbook CD?
A: It combines the security of a certificate of deposit with the tangible experience of maintaining a passbook, offering customers a traditional approach to banking and saving.

Q: When did Union County Savings Bank reintroduce Passbook CDs?
A: The product was announced on September 3, 2026.

Q: Who is the CEO of Union County Savings Bank?
A: Chris McFadden is the CEO and President of Union County Savings Bank.

Q: Why is the bank bringing back Passbook CDs?
A: According to CEO McFadden, passbook savings is a tradition that many customers remember, and the bank believes there is value in providing traditional banking products while meeting modern financial needs.

Q: Who can open a Passbook CD?
A: The product is available to individuals, families, and businesses throughout the region served by Union County Savings Bank.

Q: How is a Passbook CD different from a regular CD?
A: A Passbook CD combines the security and rates of a certificate of deposit with the traditional experience of maintaining a physical passbook.

Q: How do I learn more about Passbook CDs?
A: Contact your local Union County Savings Bank branch or visit unioncountysavings.com/about/find-a-branch/ for current rates, terms, and eligibility requirements.

Q: What area does Union County Savings Bank serve?
A: Union County Savings Bank serves individuals, families, and businesses throughout the Union County region.

Q: Is Union County Savings Bank an equal housing lender?
A: Yes. The bank is an Equal Housing Lender licensed in New Jersey (NMLS #179115).