Featured Savings Rates
Featured Accounts

United Bank (MA)

Popular Accounts at this Bank

1.36%Money MarketAdvantage Money Market Special (Online Only)
1.30%5-year CD60 Month CD
0.45%1-year CD12 Month CD

Overview / Commentary
25 Park Street
Vernon Rockville, CT 06066

United Bank is a publicly traded bank (NASDAQ:UBNK) that offers a wide range of financial products and services. The bank is a certified SBA lender and also offers a complete line of commercial lending and business banking products.

On its personal banking side, United Bank features a free checking account that comes with checks, free ATM usage, a debit card, and online banking. Other checking accounts include those offering variable rates of interest when certain conditions are met, as well as an account customized for seniors. The bank’s savings accounts features free ATM access at United Bank ATMs and require a minimum daily balance in order to avoid a monthly fee. ATM cards are available with any checking or savings account. United Bank’s money market accounts offer increased rates of interest based on account balances and also have monthly fees if average account balances are not met. CDs and IRA CDs offer a range of term lengths from 3 months to 5 years. United Bank offers similar accounts on its business banking side as well.

United Bank online banking allows customers to access their accounts at any time to accomplish a number of tasks like transferring funds and paying bills. The bank also has a smartphone app on which customers can perform online banking while on the go, as well as set account alerts to keep them aware of balance levels.

United Bank was originally established in 1882 as the United Co-operative Bank. More than 100 years passed before the bank finally became FDIC insured and moved its headquarters to West Springfield, Massachusetts, in 1986. In 2004 the bank changed its name to United Bank and changed its organization type to a mutual savings bank with the FDIC. It serves its customers through multiple branches located across the state of Massachusetts.

Related Posts

United Bank's Online Advantage MMA APY Guaranteed For 6 Months - 8/22/2017

United Bank's online Advantage Money Market 1.36% APY (up to $500k) is guaranteed for 6 months following account opening.. Minimum opening deposit is $500.

United Bank Has Limited Time Money Market APY Promo - 12/15/2016

United Bank raised the rate on its online Advantage Money Market (1.35% APY, $500 min/$500k max). Available in CA, CT, GA, ME, MD, MA, NJ, NY, PA, RI, TX, VA, and WA.

United Bank (CT/MA) Introduces Online Advantage MMA - 11/25/2016

United Bank (CT/MA) has added an Online Advantage Money Market (1.10% APY, $500-$500k) available through New England and upper East Coast states.

Reviews (3)

United Bank Review

Posted by: Skip | Dec 9, 2014

United Bank is a great bank to be associated with. They take care of all your needs and are sure to help you with any questions you have about banking or loans. Originally when I applied and opened an account, the staff were very friendly and quick to accommodate me. The manager told me all the options I have and suggested a lot of ways to avoid unwanted fees and keep transactions safe. Whenever I go to the bank, I am greeted personally by the tellers and cared for almost immediately. United Bank has a great website as well that's very easy to navigate and manage all online banking. I would recommend this bank to anyone that's interested in opening account and having a great bank to be associated with.

United Bank - Checking and Savings Accounts

I have had accounts with United Bank (originally Rockville Bank) for over ten years now. Overall, I'd say this is a very average local bank. The fees are not exorbitant, and they have begun releasing new features to keep up with the competition. For instance, they have a very user-friendly app and can accept mobile check deposits (for a 50 cent fee).

Unfortunately, I haven't had the best customer service experiences with this bank. For one thing, as of last year, you had to physically visit a location to report if you were leaving the country - and we all know how wonderful banking hours are. Once, even after I had gone into the bank to disclosure exactly which countries I was visiting, I still had my card declined in Europe. At the bank, I was told I could just give the names of the countries I was visiting, and wouldn't have to list the cities. One rather expensive phone call later, they activated the card for the specific city I was in, in Germany.

However, on the whole my experiences with the bank have been fine - it's simple to maintain and monitor online, and I have never had any 'hidden fees' pop up that you often hear about with other banks.

Very Low Daily Withdrawal Limit Of Only $5,000

It's hard to get money out - they have very low daily ACH limit - $5,000. You would need to write a check to yourself to get money out.


Health Grade Components

FDIC Certificate #18203
Year Established1858
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.97%
Return on Equity - YTD9.37%
Annual Interest Income$113.7MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$6.86B$6.40B
LoansQ2 2017vs Q2 2016$5.18B$4.73B
DepositsQ2 2017vs Q2 2016$5.04B$4.51B
Equity CapitalQ2 2017vs Q2 2016$703.3MM$660.8MM
Loan Loss AllowanceQ2 2017vs Q2 2016$45.1MM$38.0MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$37.9MM$42.5MM
Real Estate OwnedQ2 2017vs Q2 2016$1.4MM$667.00K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

United Bank (MA) Savings Account Rates

0.99%*$2,500*-Health Savings Account
OTHER TIERS: 0.49% Up to $1k
0.25%*$1k*$2,500Target Savings
OTHER TIERS: 0.05% Up to $1k
0.25%--Commercial Earnings Credit Rate Deposit Account
0.20%--Variable Rate IRA
0.07%*$20k*-Premier Savings
OTHER TIERS: 0.05% Up to $5k | 0.06% $5k - $20k
0.05%*$1k*-Business Savings
OTHER TIERS: 0.02% Up to $1k
0.05%--Benefits Savings
0.05%--Simpl•e Savings

United Bank (MA) Money Market Rates

1.36%*-$500kAdvantage Money Market Special (Online Only)
OTHER TIERS: 0.05% $500k+
1.10%*-$500kPrime Money Market Special (In-Branch Only)
OTHER TIERS: 0.05% $500k+
0.50%*$1m*-Prime Business Money Market
OTHER TIERS: 0.05% Up to $25k | 0.10% $25k - $50k | 0.15% $50k - $100k | 0.20% $100k - $250k | 0.30% $250k - $500k | 0.45% $500k - $1mm
0.35%*$250k*-Prime Money Market
OTHER TIERS: 0.03% Up to $1k | 0.05% $1k - $10k | 0.10% $10k - $25k | 0.15% $25k - $50k | 0.20% $50k - $100k | 0.25% $100k - $250k

United Bank (MA) Checking Account Rates

0.55%*$500k*-IOLTA - MA
OTHER TIERS: 0.05% Up to $50k | 0.15% $50k - $500k
0.50%--IOLTA - CT
0.40%--IORETA - CT
0.25%*$200k*-Premier Checking
OTHER TIERS: 0.05% $1k - $10k | 0.10% $10k - $50k | 0.15% $50k - $100k | 0.20% $100k - $200k
0.15%*$200k*-Premier Business Checking
OTHER TIERS: 0.05% $50k - $100k | 0.10% $100k - $200k
0.08%$500-Generations Checking
0.05%*$500*-Benefits Checking
OTHER TIERS: 0.03% Up to $500

United Bank (MA) CD Rates

2.05%$500-59 Month CD Special (In-Branch Only)
1.70%$500-35 Month CD Special (In-Branch Only)
1.55%$500-20 Month Flex CD Special (In-Branch Only)
1.30%$500$500k60 Month CD
1.20%$500$500k12 Month CD Special - Online Only, w/Checking. New Money
1.10%$500$500k48 Month CD
0.90%$500$500k36 Month CD
0.70%$500$500k24 Month CD
0.50%$500$500k24 Month Option CD
0.50%$500$500k9 Month CD
0.45%$500$500k12 Month CD
0.30%$500$500k6 Month CD

United Bank (MA) IRA Rates

2.05%$500-59 Month IRA Special (In-Branch Only)
1.70%$500-35 Month IRA Special (In-Branch Only)
1.30%$500-60 Month Fixed Rate IRA
1.10%$500-48 Month IRA CD
0.90%$500-36 Month IRA CD
0.70%$500-24 Month IRA CD
0.50%$500-24 Month Option IRA CD
0.45%$500-12 Month IRA CD
0.35%$500-18 Month IRA CD