Union Bank of California is running advertisements promoting their one year CD and money market account.  The one year CD has an interest rate of 3.15% APY and the money market account earns an interest rate of 2.52% APY. The consumer bank CD requires a linked checking account to qualify for promotional rate.  If linked checking account is closed during CD term, CD rate reverts to Union Bank standard CD rate, currently 2.02% APY for deposit less than $100,000.00.  The certificate of deposit: requires a minimum opening deposit of $10,000.00.

The money market account’s rate of 2.53% APY is accurate as of 12/26/2008 for balance of $100,000.oo or greater.  Interest rate may change as often as daily without notice.  Currently the money market account is on a tiered rate structure as follows: 0.10% APY for balance of $0.00-$2,499.00; 0.20% APY for balance of $2,500.00-$9,999.00; 0.50% APY for balance of $10,000.00-$24,999.00; 1.31% APY for balance of $25,000.00-$49,999.00; 2.28% APY for balance of $50,000.00-$99,999.00; 2.53% APY for balance $100,000.00 or greater.  Minimum opening deposit $10,000.00; minimum $15,000.00 daily balance required to avoid regular monthly service charge. Fees may reduce earnings. The money market account requires a linked Union Bank Tiered Interest or Business Tiered Interest Checking Account, minimum opening deposit $100.  If the linked checking account is closed, the money market account may be converted to a regular money market account.

Union Bank is one of the 25 largest banks in the United States, based on assets.  The bank has 330 bank branches in California, Washington, and Oregon; two international offices; and facilities in six other states.  Union Bank is a full-service commercial bank, providing a wide range of financial services and products to businesses and individuals.  The markets the bank serves include consumer, small business, middle market, real estate, corporate, correspondent, and trade finance.  The bank also offers investment and financial management, trust services, private banking, insurance services, and global custody services.

Union Bank of California is headquartered in San Francisco.  The bank’s holding company is UnionBanCal Corporation, which is a wholly owned subsidiary of The Bank of Tokyo-Mitsubishi UFJ, Ltd.  The Bank of Tokyo-Mitsubishi UFJ, Ltd is part of the Mitsubishi UFJ Financial Group, Inc., one of the world’s largest financial companies.

For further information regarding Union Bank of California call 888-818-6060 or visit their website at www.uboc.com.

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