BankUnited


Overview / Commentary
877-779-2265
14817 Oak Lane
Miami Lakes, FL 33016

BankUnited is a publicly traded bank listed on the NYSE (Symbol:BKU). It is involved in a wide range of banking activities that focus on the business, consumer, and commercial needs of the coastal regions of the state of Florida.

On its personal banking side, BankUnited offers deposit accounts and loans. Checking accounts all include a debit/ATM card, free online banking and Bill Pay, free direct deposit, and telephone banking. The bank offers several different Savings and Money Market accounts that differ by minimum opening deposit and daily balance requirements. BankUnited also makes Certificates of Deposit available that function as time deposits that vary in terms from 12 to 36 months. The bank’s CDs have been featured repeatedly in the past on DepositAccounts.com. BankUnited also offers private banking services to corporate entities and individuals looking for guidance on and access to things like insurance and investment planning. On its business banking side, the bank makes similar deposit accounts available.

BankUnited online banking provides customers with the ability to manage multiple accounts at the bank, pay monthly bills, track expenses by category, and transfer funds between BankUnited accounts. The bank has also released a mobile app to make banking on the go convenient for customers on smartphone or tablet devices.

BankUnited was founded in 2009 and is headquartered just outside Miami in Coral Gables, Florida. It operates through multiple branches located predominantly in the Florida region.

Related Posts

New Rate On Your Online Money Market Account - 3/3/2020

New rate on your Online Money Market Account Dear DANIEL, We’re writing to let you know that effective March 4, 2020, the rate on your BankUnitedDirect Online Money Market Account will be adjusted down to 1.75% from 2.00% Annual Percentage Yield (APY)*. At BankUnited, our goal is to provide competitive rates and exceptional service to our customers. The rate on your Online Money Market Account is variable, which means it is subject to change and is influenced by a variety of factors, including the Fed funds rate and the competitive environment. Please rest assured that even with this change, we will continue to grow your money at a competitive rate. Thanks for being our customer. If you have any questions regarding this notice, please call the BankUnitedDirect Client Care Center at (844) 365-5720, Monday through Friday, 8 am – 8 pm ET and Saturday, 9 am – 2 pm ET. You may also send us an email at [email protected]

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9/16/16 - BankUnited (FL/NYC) Adds 9-Month Special CD
9/14/16 - Expired - 9 Month CD Special At 1.2%; Have To Open At A Branch
8/8/16 - Pretty Good 14-Month CD At Bankunited In Florida
10/8/15 - BankUnited (FL) Introduces Vertical Rewards Checking Account
9/22/15 - Bankunited Offering 1.05% APY Checking Account: "Vertical Rewards Checking"
8/27/12 - New-Branch 6-Month CD Special At Central Florida Branch Of BankUnited
1/19/12 - Florida's Second-Largest Bank, BankUnited, Decides To End Plans To Sell Itself
11/3/11 - Special 1-Year CD Rate at BankUnited in South Florida
2/25/10 - 3.25% 4-Year CD at BankUnited in Florida - Available Nationwide
10/3/09 - BankUnited Raises Online Savings Account Yield
9/2/09 - 2.37% 18-Month CD at BankUnited in Florida - Available Nationwide
6/26/09 - 2.75% 24-Month CD at BankUnited in FL - Nationally Available
5/24/09 - Rare Thursday Bank Closure - BankUnited, FSB
3/28/09 - 4.40% 7-Month CD at BankUnited in Florida - Nationally Available
9/19/08 - 4.80% 13-Month CD at BankUnited in Florida
8/29/08 - Update on BankUnited's 5.35% Savings Account
8/23/08 - 4.35% 12-Month CD at BankUnited
8/23/08 - 4.60% 15-Month CD at a Florida Bank (BankUnited)
7/10/08 - 4.00% 9-Month / 4.00% 12-Month CD at BankUnited
4/12/08 - 3.75% 36-Month CD at BankUnited - Nationally Available
10/7/06 - BankUnited Raises Savings Account Rate to 5.35%
6/23/06 - Updated Info on BankUnited's 5.25% Savings Account
6/22/06 - 5.25% Internet Savings Account at BankUnited
5/22/06 - Updated Info on 5% Savings Account from BankUnited
5/20/06 - 5.00% Online Savings Account at BankUnited
4/15/06 - BankUnited Internet Offerings: 4.75% Savings / 5.25% 12-month CD

Great Bank

Posted by: |

I have been a client of BankUnited for 14 years. Maybe I am the exception, but I have only had great service. I don't understand all this negativity. Tellers have been friendly, monthly statements on my two act.s are accurate, checks have been comped, local branch just a couple blocks from my home in Ft Lauderdale so convenient, a great local banking experience, This from someone who worked for
both Chase and Citibank. And forget about Wells Fargo and Bank of America!

SOMETHING SMELLS FISHY At Sarasota Branch

Posted by: |

In February of 2020, our CD at Bank United came due. Rather than roll it over, we went to the bank and spoke with a bank representative. In that the CD rates were lower than their 6 month promotional money market rate of 1.75%, we opted to deposit the entire amount of the CD in the money market account, being assured we could do so at the promo rate. In March, another CD from a different institution came due and we went back to Bank United. We were told that these funds could also be added to our promotional money market account at the same rate. It would take a phone call for approval but it should be no problem in that it had been done for many other customers. We made the deposit and later verified on our online banking account that all of our funds were now in the 6 Month Promotional Money Market Account. However, due to the distraction of the pandemic, we failed to verify the rate of interest being accrued on our monthly statements. In June, we discovered that this account (of over $68,000) from the very start was only earning .036% interest and was now only earning 0.1% interest. When we brought this error to Bank United's attention, we were advised that we had made the mistake of not notifying them of it sooner. They agreed to pay a "courtesy payment" of two months at the promo rate but said our account would now accrue interest at the 0.1% rate. They also attempted to shift blame onto us by saying that we had been uncertain as to what we wanted to do with this money (NOT TRUE) and that they were doing us a favor. Needless to say, this was either a gross error on their part or they are running some type of scam on senior citizens. Therefore, we have closed our account with them. Be forewarned.

Bad Experience

Posted by: |

Opened a money market account after some delay and frustration it was OKed on 1/30/20 at 2.00%. A few weeks later it was reduced to 1.75%, and a few weeks later reduced again to 1.4%. This an outright scam, now I have to wait the 180 days from the opening date to close the account. Hopefully I will be able to recover my money without additional problems.

BEWARE!!! Bank Is A Scam

Posted by: |

venice fl branch. manager lied to me regarding the money market rate if you open online. lied to me on depsoit clearance time and put a hold on my deposit. incompetent or scammers. you pick? either way, BAD BANK!

VIEW MORE REVIEWS

Health
B+

Health Grade Components

Overall
FDIC Certificate #58979
Year Established2009
Employees1507
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.03%
Return on Equity - YTD10.89%
Annual Interest Income$1.28B
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$32.78B$32.08B
LoansQ4 2019vs Q4 2018$23.08B$21.90B
DepositsQ4 2019vs Q4 2018$24.63B$23.66B
Equity CapitalQ4 2019vs Q4 2018$3.10B$3.11B
Loan Loss AllowanceQ4 2019vs Q4 2018$108.7MM$109.9MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$146.9MM$101.6MM
Real Estate OwnedQ4 2019vs Q4 2018$3.9MM$8.4MM
Rates
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Always verify rates and promotions with the bank or credit union. We are not BankUnited; we are a rate comparison website and cannot provide official rates or promotions.

BankUnited Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%-$250kVertical Rewards Checking- After first 90 Days w/ Direct Deposit and 7+ Qualifiers
0.80%-$250kVertical Rewards Checking - First 90 Days
0.70%-$250kVertical Rewards Checking- After first 90 Days w/ Direct Deposit and 4-6 Qualifiers
0.40%-$250kVertical Rewards Checking- After first 90 Days w/ Direct Deposit and 1-3 Qualifiers

BankUnited CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%$1k-12 Month CD Special
Locations

Availability

New York Area

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