Union County Savings Bank Passbook CDs
Maria Torres · Union County Life
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).
Related articles
Business & FinanceKenilworth Hotel Hosts 2nd Annual Greater Union Township Chamber of Commerce Social
Greater Union Township Chamber hosts 2nd annual networking event at Kenilworth Hotel. 160+ attendees. Multi-chamber collaboration for local business growth.
Business & FinanceDowntown Westfield: Goodbye Toy Store, Jewelers, Superfly; Hello Brunch Spot, Custom Facials
Downtown Westfield's retail landscape transforms with multiple closures and new openings. French bistro, Vietnamese restaurant, coffee bar coming soon.
Business & FinanceA Fond Farewell: III Amici Ristorante Closes After Years of Serving the Community
III Amici Ristorante closed its doors on August 2 after 36 years of operation, celebrating the retirement of owner Giovanni Lavorato. Located on West Elizabeth Avenue in Linden, the restaurant first opened in 1990 as a family dream and became a staple in the Linden community.
Get Union County news in your inbox
Subscribe for local headlines, town updates, and community stories from across Union County.
Sign up for the newsletter