united bank of iowa

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.

Picture: United Bank of Iowa
Picture: United Bank of Iowa

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.

Picture: Online let you explore all the financial product and services

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.

ParticularsRemarks
Websitehttp://unitedbk.com
IndustriesBanking
Company Size201 – 500
HeadquartersIda Grove, Iowa
Founded1932
TypesCompany – Private
Revenue$50 – $100 million
FDIC Certificate958
Year Established1932
Employees294
Primary RegulatorFDIC
Return on Assets – YTD1.8%
Return on Equity – YTD16.51%
Annual Interest Income$52.6 MM

Assets and Liabilities:

ParticularsQ3 2021Q3 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.

ProductCurrent Terms and RatesMinimum Balance for APY
Savings Account0.55% APY$200
Checking Account0.45% APY$2500
Certificates of Deposit12 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 Accounts0.8% 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
Picture: Mobile App
Picture: Mobile App

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.

AccountMonthly 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 SavingsNo 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 SavingsNo maintenance fee, but you’ll have to pay $20 if you exceed six limited transactions per month
UBI Kids Savings ClubNo maintenance fee, but you’ll have to pay $20 if you exceed six limited transactions per calendar month
Picture: National Average and United
Picture: National Average and United

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?

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