Welcome to Union Bank & Trust’s Cannabis Banking Services
At Union Bank & Trust, we believe in treating your cannabis business like any other legitimate, thriving business. Unlike many other financial institutions, we do not impose additional “cannabis taxes” or fees simply because you’re operating in this space. We offer our full suite of banking services—without penalties or inflated costs—so you can focus on growing your business with confidence. Our commitment to the cannabis industry is rooted in our belief that you deserve the same respect, support, and financial flexibility as any other client. Partner with us, and experience a bank that truly values the work you do.
Accounts Built toHelp You Save for Your Business
You have multiple options when it comes to saving for your business. At Union Bank & Trust, you can choose the account that matches the way you want to save. From traditional savings accounts to certificates of deposit (CDs) that can help you earn more on your balance, all the crbl savings options we offer are focused on you. Our business savings and money market accounts include features like:
- Free access to commercial online banking
- Automatic transfers
- Access to sweep accounts
Contact the crb banking team at Union Bank & Trust to discuss our crb savings account options by calling 612-379-3222.
Compare CRB Savings Accounts
Account | Who This Account Is For... | Minimum Balance | Fees | Features |
|---|---|---|---|---|
CRB Savings | Business owners who want a traditional savings account built to suit their business. | $100 | $10 service charge per month if daily balance falls below $100 | Interest compounds quarterly Balances are FDIC insured up to $250,000 |
CRB Money Market Savings | Business owners who want to take advantage of tiered interest rates and can maintain a higher minimum balance. | $1,000 | $10 service charge per month if daily balance falls below $1,000 | Tiered interest rates available based on your account balance Interest compounds monthly Balances are FDIC insured up to $250,000 |
CRB Certificates of Deposit
A CRB CD is a great option for business owners looking to save more aggressively. CD accounts typically have better rates than you’ll find in most traditional savings accounts. Here’s what you need to know about commercial CDs at Union Bank & Trust:
- Terms ranging from 6 months to 36months
- $1,000 minimum deposit
- Rate is determined by term and deposit amount
- Interest compounded annually on CDs with terms of one year or longer
- Funds are FDIC-insured up to $250,000
- Early withdrawal is subject to penalty