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United Bank is a solid choice if you live on the East Coast and prefer traditional banking to online banking. The bank offers United Bank United Bank Platinum Savings Account and United Bank United Bank Free Checking Account and offers good interest rates on CDs.
United Bank Overall Rating
| Feature | Personal Finance Insider rating (out of 5) |
| Savings | 3.25 |
| Checking | 3.75 |
| CD | 3.25 |
| Money market account | 3.5 |
| Trustworthiness | 4.5 |
| Total | 3.75 |
United Bank Pros and Cons
| Pros | Cons |
|
|
United Bank Savings Account
no monthly service fee
0.05% to 0.10%
$50
- No monthly service fees
- $50 minimum opening deposit
- Low interest rate
- 211 locations and 20 loan offices in Virginia, West Virginia, Maryland, Pennsylvania, Ohio, North Carolina, South Carolina, and Washington, DC
- 440 fee-free ATMs
- Earn a higher interest rate if you keep at least $2,500 in your account daily
- Interest compounded and deposited monthly
- Member FDIC
The United Bank Platinum Savings Account is a good option if you don't want to deal with monthly service fees. However, if you'd like to earn a competitive interest rate on a savings account, our best savings accounts guide has stronger contenders.
United Bank Checking Account
no monthly service fee
None
$50
- No monthly service fees
- Overdraft protection
- $50 minimum opening deposit
- $36 overdraft fee
- $11 overdraft protection transfer fee
- $2 out-of-network ATM fee
- 211 locations and 20 loan offices in Virginia, West Virginia, Maryland, Pennsylvania, Ohio, North Carolina, South Carolina, and Washington, DC
- 440 fee-free ATMs
- You may link your checking account with another United bank account as overdraft protection
- Member FDIC
If you want to avoid bank fees, the United Bank Free Checking Account might be a decent choice. It doesn't charge monthly service fees, and it includes overdraft protection.
You'll want to be mindful of out-of-network ATM fees, though, since the bank's ATM network isn't as big as other brick-and-mortar banks' networks.
United Bank CD
3.00% to 4.25%
$500
- Solid interest rates
- $500 minimum opening deposit
- Standard CD terms
- Standard-to-high early withdrawal penalties
- Interest compounded quarterly
- 211 locations and 20 loan offices in Virginia, West Virginia, Maryland, Pennsylvania, Ohio, North Carolina, South Carolina, and Washington, DC
- Over 440 fee-free ATMs
- Terms range from 5 months to 4 years
- Early withdrawal penalties: For terms up to 31 days, the penalty will be all interest earned; For terms between 32 days and 1 year, the penalty will be $25 AND 1% of the amount withdrawn; For terms longer than 1 year, the penalty is $25 AND 3% of the amount withdrawn
- Interest compounded and deposited quarterly
- Member FDIC
United Bank pays solid interest rates on CDs. They could also be worth exploring if you'd like to open a CD with a low initial deposit.
United Bank Money Market Account
$10 monthly service fee
0.65%
$15,000
- Possible to waive the monthly service fee
- Check writing included
- $15,000 minimum opening deposit
- Low interest rate compared to online banks
- $10 monthly service fee
- No ATM card
The United Bank Super Money Market Account has a high minimum opening deposit and charges a $10 monthly service fee if you don't maintain at least $15,000 in your account.
Our best money market accounts guide has better accounts if you'd prefer to earn a high interest rate or avoid monthly service fees.
How United Bank Works
United Bank is a brick-and-mortar financial institution with over 211 locations and 20 loan offices in Virginia, West Virginia, Maryland, Pennsylvania, Ohio, North Carolina, South Carolina, and Washington, DC. United Bank has over 440 fee-free ATMs.
Customer service representatives are available over the phone from 8:30 a.m. to 6 p.m. on weekdays.
The bank's mobile app is rated 3.7 out of 5 stars in the Google Play store and 4.8 out of 5 stars in the Apple store.
United Bank is also FDIC insured, so up to $250,000 is secure in an individual bank account.
Is United Bank Trustworthy?
The Better Business Bureau rates businesses according to how they are likely to interact with customers. United Bank has received an A- rating from the BBB because it hasn't responded to two customer complaints.
United Bank hasn't been involved in any recent public controversies.
How United Bank Compares
We compared United Bank to two other regional banks on the East Coast: TD Bank and Fifth Third Bank.
If one of your goals is to find an account that doesn't charge monthly service fees, United Bank of Fifth Third Bank will be your best bets.
United Bank has free savings and checking accounts with $50 minimum opening deposits. At Fifth Third Bank, you can get a free checking account with early direct deposit and free overdraft protection.
TD Bank is worth considering if typical banking hours don't work for you. The bank offers 24/7 customer support, and many branches are open seven days per week. United Bank and Fifth Third Bank have limited customer support hours during the week.
None of these banks are great options if your priority is to earn high interest rates. You'll want to go through our best high-yield savings accounts or high-yield checking accounts guides.
Why You Should Trust Us: How We Reviewed United Bank
We rate bank accounts on a scale from one to five stars. For United Bank's checking, savings, and money market accounts, we used Personal Finance Insider's bank account ratings methodology. The exact factors we evaluate vary depending on the type of account — for example, we look at overdraft fees for checking accounts and interest rates for savings and money market accounts.
For United Bank's CDs, we used our CD rating methodology which looks at interest rates, minimum opening deposits, early withdrawal penalties, CD variety, customer support availability, mobile app ratings, miscellaneous features, and the security and ethics of the company.
We use a weighted average to get our star rating, which means we weigh certain features, like interest rates and fees, at a higher weight percentage than others. We understand that these areas can more heavily impact a person's overall banking experience.
United Bank Frequently Asked Questions (FAQ)
You may like United Bank if you don't want to deal with monthly service fees, because it has free savings and checking accounts. It also might be appealing if you'd like to open a CD with a low minimum opening deposit.
If your priority is to earn a high interest rate on savings accounts, an online bank will be a better option.
Minimum balance requirements vary depending on which United Bank account you plan to open. You don't need to maintain a minimum balance for a United Bank Platinum Savings Account and United Bank Free Checking Account.
United Bank also has rewards checking accounts, interest-earning checking accounts, and money market accounts. The Platinum Checking Account requires a minimum balance of at least $2,500 to waive monthly service fees, and the Super Money Market Account requires a minimum balance of at least $15,000 to waive monthly service fees.
Yes, United Bank is FDIC insured. When a bank is federally insured, this means money deposited into your bank account is secure. Even if a bank shuts down, your money will still be protected.
