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 Offers New Rate On Advantage Money Market Promo - 11/19/2018

United Bank (CT) is offering a promo 2.50% APY on its Advantage Money Market. A minimum $25k deposit of new money is required to earn the 2.50% APY.

2.5% Promo Rate For MMA - 11/15/2018

Deposit an additional $25K into the MMA, wait until the deposit is credited, then call the bank to receive a 2.5% APY rate guaranteed for 6 months. UB now tied with EBSB for the highest APR for a liquid account. SalemFive Direct are you listening?

United Bank (CT) Ups 19-Month Flex CD Rate - 11/2/2018

United Bank has raised the rate on its 19-month Flex CD (3.15% APY). Available online in 25 states. $500 min deposit, with up to 5 additional deposits during the term.

View all posts from:


Posted by: wwinva | May 17, 2018

$5000 withdrawal limit is for 90 days only.

Average Online Bank-Could Be Better

Posted by: Ravaan | Nov 21, 2018

Recently opened a new CD account here for the first time. Overall, I had a good experience with their online banking portal and timely ACH transfers. One bad thing is that you have to re-enter some of your personal details AGAIN when registering for online banking. These details were already submitted during account opening process. The system will NOT access it on its own. You have to give them again for online banking. Also, the system will NOT save the external account given to them for ACH transfer. You will have to register it again after your CD is funded. A bit archaic practice...

Another thing: You can add a beneficiary online during the account opening process, but the beneficiary will NOT show up in your account details online once the account is opened. (Strange!!) You cannot modify any beneficiary details online. You have send a notarized form to them every time you want to add/delete a beneficiary. Very restrictive and old-fashioned..

Add On Flex Deposit Rule

Posted by: schott99 | Nov 7, 2018

opened account online on 11/2. Effortless. However, To add funds to this flex up account, I have been advised by the bank, it can be done ONLY by a mailed check. Gee didn;t know it was still 1960

Poor Internet Home Page

Posted by: Nevets | Nov 27, 2018

After completing data on internet, found I was applying for checking account. Nothing on CDs. Called bank and found you must go to the bank to open a CD. Terrible inconvenience-Dark Age Banking



Health Grade Components

FDIC Certificate #18203
Year Established1858
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.99%
Return on Equity - YTD9.82%
Annual Interest Income$200.8MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$7.20B$6.97B
LoansQ3 2018vs Q3 2017$5.58B$5.27B
DepositsQ3 2018vs Q3 2017$5.54B$5.19B
Equity CapitalQ3 2018vs Q3 2017$735.1MM$713.1MM
Loan Loss AllowanceQ3 2018vs Q3 2017$49.9MM$46.4MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$29.0MM$34.1MM
Real Estate OwnedQ3 2018vs Q3 2017$1.6MM$1.7MM
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

2.5% Promo Rate For MMA

RZ   |  
Deposit an additional $25K into the MMA, wait until the deposit is credited, then call the bank to receive a 2.5% APY rate guaranteed for 6 months. UB now tied with EBSB for the highest APR for a liquid account. SalemFive Direct are you listening?

3.15% 19-Month Add-On CD, Maybe Nationally Available

psychoslowmatic   |  
Union Bank (CT) has a new 19 month flex up cd. 3.15%, allows 5 additional deposits of any amount, 500 min open, 6 month EWP with partial allowed. The CSR when I called said you can open just the CD without needing a checking or savings account, and I think you can open it online though I don’t know if anyone in the country can. I have an application pending, will update.

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Always verify rates and promotions with the bank or credit union. We are not United Bank (CT); we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

United Bank (CT) Savings Account Rates

1.51%*$25k*-Health Savings Account
OTHER TIERS: 0.25% $1 - $1k | 0.49% $1k - $2.5k | 1.01% $2.5k - $25k
0.25%--Commercial Earnings Credit Rate Deposit Account
0.20%$5-Variable Rate IRA
0.07%*$20k*-Premier Savings
OTHER TIERS: 0.05% $1 - $5k | 0.06% $5k - $20k
0.06%*$1k*-Benefits Savings
OTHER TIERS: 0.05% $1 - $1k
0.05%*$1k*-Business Savings
OTHER TIERS: 0.02% $1 - $1k
0.05%$1-Target Savings
0.05%$1-Simpl•e Savings

United Bank (CT) Money Market Rates

2.30%$1-Advantage Money Market - 180 Day Promo Rate (Online Only)
1.90%$1-Prime Money Market Special (In-Branch Only)
0.50%*$1m*-Business Money Market
OTHER TIERS: 0.05% $1k - $25k | 0.10% $25k - $50k | 0.15% $50k - $100k | 0.20% $100k - $250k | 0.30% $250k - $500k | 0.45% $500k - $1m
0.50%*$1m*-Prime Business Money Market
OTHER TIERS: 0.05% $1 - $25k | 0.10% $25k - $50k | 0.15% $50k - $100k | 0.20% $100k - $250k | 0.30% $250k - $500k | 0.45% $500k - $1m
0.35%*$250k*-Prime Money Market
OTHER TIERS: 0.03% $1 - $1k | 0.05% $1k - $10k | 0.10% $10k - $25k | 0.15% $25k - $50k | 0.20% $50k - $100k | 0.25% $100k - $250k

United Bank (CT) Checking Account Rates

0.55%*$500k*-IOLTA - MA
OTHER TIERS: 0.05% $1 - $50k | 0.15% $50k - $500k
0.50%$1-IOLTA - CT
0.40%$1-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% $1 - $500

United Bank (CT) CD Rates

3.00%$500$500k30 Month CD Special - In Branch Only
2.85%$500-19 Month Flex CD Special
2.45%$500-7 Month Flex Up CD Special - In Branch Only
2.05%$500-14 Month Flex Up CD Special - In Branch Only
1.55%$500-20 Month Flex CD Special (In-Branch Only)
1.55%$500-7 Month CD Special
1.31%$500$500k60 Month CD
1.20%$500$500k12 Month CD Special - Online Only, w/Checking. New Money
1.11%$500$500k48 Month CD
1.01%$500$500k36 Month CD
0.80%$500$500k24 Month CD
0.65%$500$500k24 Month Option CD
0.55%$500-18 Month CD
0.55%$500$500k12 Month CD
0.50%$500$500k9 Month CD
0.40%$500$500k6 Month CD

United Bank (CT) IRA Rates

3.00%$500-30 Month IRA Special
1.31%$500-60 Month Fixed Rate IRA
1.11%$500-48 Month IRA CD
1.01%$500-36 Month IRA CD
0.80%$500-24 Month IRA CD
0.65%$500-24 Month Option IRA CD
0.55%$500-12 Month IRA CD
0.55%$500-18 Month IRA CD


The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.