As an independent financial services organization, the United Bank of Iowa operates its financial activity with superb flexibility.
Yes, they are dedicated to offering services that can be personalized at any time to achieve financial goals. All their dedication is for their client. They love to grow relationships with clients that clients expect from them.
To fulfill all the financial challenges and give the best service to their clients, they make their product line rich and contemporary.
Now for money management, you can easily use savings, checking, mortgage, CDs, and many more products at any time. Get more details from here to know why this bank is right for you.
What is the United Bank of Iowa?
As the 9th largest bank in the state of Iowa, the United Bank of Iowa was established in 1932. With the A+ health rating, this bank comes with lots of financial solutions for the community of Iowa.
Its headquarter is located in Ida Grove and handles assets of $1 billion along with $1 billion in deposits. This huge amount for a medium-sized community bank. They are known for their premium support to customers.
Yes, their customer service is best compared to other community banks. That’s why they got good ratings in every aspect. For better communication and easy access, this bank introduced online and mobile banking to everyone.
As a client, you can easily control your account through your computer or mobile with a few clicks.
What Is The Current Status of Its Health Grade Component?
Health grade components indicate the performance of a community bank. All the things, especially the organizational and financial parameters are the key portion that can indicate the strength and weakness of a bank like this one.
Let’s take a quick look at their key health grade components and other financial parameters.
| Particulars | Remarks |
| Website | http://unitedbk.com |
| Industries | Banking |
| Company Size | 201 – 500 |
| Headquarters | Ida Grove, Iowa |
| Founded | 1932 |
| Types | Company – Private |
| Revenue | $50 – $100 million |
| FDIC Certificate | 958 |
| Year Established | 1932 |
| Employees | 294 |
| Primary Regulator | FDIC |
| Return on Assets – YTD | 1.8% |
| Return on Equity – YTD | 16.51% |
| Annual Interest Income | $52.6 MM |
Assets and Liabilities:
| Particulars | Q3 2021 | Q3 2020 |
| Assets | $1.99B | $1.85B |
| Loans | $1.29B | $1.29B |
| Deposits | $1.65B | $1.53B |
| Equity Capital | $216.2 MM | $204.2MM |
| Loan Loss Allowances | $20.0 MM | $19.3MM |
| Unbacked Noncurrent Loans | $5.8MM | $9.0MM |
| Real Estate Owned | $86.00K | $68.00K |
What Types of Financial Product They Are Offering?
A community bank plans to provide services based on the current and future demands of the client. So, they must have different and effective financial products and services.
United Bank of Iowa is rich in this sector. They have plenty of options (Services & Product) for their current and potential clients but what are they? Look below, you’ll find every one of them.
Personal Banking:
- Checking
- Saving
- Mortgage Loans
- Consumer Loans
- Emerald Club
- Retirement
- Trust Services
- Insure & Invest
- Meet Our Lenders
Business Banking:
- Checking
- Saving
- Loans & Leases
- Farm Management
- Retirement
- Trust Services
- Insure & Invest
- Meet Our Lenders
Agriculture:
- Market, News, Weather
- Iowa’s #1 Ag Bank
- Ag Checking
- Ag Lending
- Meet Our Ag Team
- What’s Growing On
- Testimonials
- Farm Management
- Get Started
Resources:
- Covid-19 Information
- Switch to UBI
- Calculators
- Financial Education
- Careers
- Locate Us
- Contact Us
- Privileged Status ATMs
- My Finance Tracker
- MasterCard Guide To Benefits
What Are the Rates of Popular Products of United Bank of Iowa?
A financial product or service becomes a complete package for the client when they get the rate that they want. Maybe this rate is best for a better return. We mentioned the rate for better understanding.
| Product | Current Terms and Rates | Minimum Balance for APY |
| Savings Account | 0.55% APY | $200 |
| Checking Account | 0.45% APY | $2500 |
| Certificates of Deposit | 12 Months: 1.56% APY 36 Months: 2.15% APY 48 Months: 2.65% APY 60 Months: 2.80% APY | $10000 for all terms |
| Money Market Accounts | 0.8% APY 0.8% APY | $10000 $15000 |
Now you can easily understand what type of product you need for better money management and higher return.
Indeed, every product is not perfect for you. After comparing, you’ll easily get the idea, which product is best for you in the current situation.
How To Bank With United Bank of Iowa?
When you want to start banking with the United Bank of Iowa, then you need to know all the procedures. First of all, find out the nearest branch of this bank or visit their banking website.
All you need to do is, open an account. Don’t worry, we mentioned all the ways that you can use to open an account in this bank.
- Going to a branch in person.
- Using Mobile app
- Via Online banking
- At one of its ATMs
- By Calling its Home-Line Banking number at 888-252-5210
But we suggest going physically to the branch or filling up the form in the detailed online form.
What About The Fees?
Most of the time, clients want to be free from different charges for using the services. The good thing is, it is possible to avoid all these types of charges if the clients can meet the transaction or certain balance requirement. Isn’t it good?
Whatever, we still believe in sharing all the details about it. Check out the chart for the charges.
| Account | Monthly Fee |
| Basic Checking | $8, unless you maintain a $250 minimum balance or make at least 10 debit card purchases a month |
| Smart Choice Checking | $6 |
| Preferred Checking | $7, unless you maintain a minimum balance of $1,000 or an average balance of $3,000 |
| United Savings | No maintenance fee, but you’ll have to pay $20 if you exceed six limited transactions per calendar month |
| United Select Savings | $7, unless you maintain a $750 minimum daily balance or $3,000 average daily balance; an extra $20 if you exceed six limited transactions per calendar month |
| United Investment Savings | No maintenance fee, but you’ll have to pay $20 if you exceed six limited transactions per month |
| UBI Kids Savings Club | No maintenance fee, but you’ll have to pay $20 if you exceed six limited transactions per calendar month |
Conclusion:
For immediate financial service, the United Bank of Iowa is the best solution. To ensure a better and perfect banking experience, they increased their branch in different locations. That’s how people can communicate with them easily for any quarry or support.
From online, you can see the list of their services and products. After identifying your financial need and purpose, you just need to knock them to open your desired account or services. They will help you more than anything to be the best community bank in that region.
When you look at their rate, it’ll be easier to choose the product and after completing the requirement it’s also easy to avoid charges. So, what do you need more than that for better banking?
