BankUnitedDirect
Deposits held and insured by BankUnited
REVIEWS
Based on 2 reviews
HEALTH RATING
A
View health report
CURRENT TOP RATE
0.75% APY
12 Month CD
View all rates
Reviews (2)
Greatly Lower Rates And Would Not Allow External Transfer
Posted by: orleans704 | May 12, 2020
Got the money market checking account with 2% but it quickly was lowered to 0.75 which was half the rate of other banks. Website is nice and you can get a person on the phone quickly. But they would not allow me to transfer to external account without major hoops. Security and public records questions, two sub-$1 transfers, and the kicker, a real statement from the other bank. It will cost $15 to close if the account isn't open 180 days.
Horrible Bank
Posted by: jimgazer | May 4, 2020
Advertised a money market account at 2.00%. Opened an account and within a month two downgrades to 1%, tried to withdraw my money after the 180 day period and could not close the account. Stay away from these rascals.
Health
A
Data as of Q2 2020
Data displayed below is for insuring bank: BankUnited
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 58979 |
| Year Established | 2009 |
| Employees | 1492 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.35% |
| Return on Equity - YTD | 3.94% |
| Annual Interest Income | $561.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $34.62B$33.01B |
| Loans | Q2 2020vs Q2 2019 | $23.57B$22.70B |
| Deposits | Q2 2020vs Q2 2019 | $26.43B$24.11B |
| Equity Capital | Q2 2020vs Q2 2019 | $3.03B$3.08B |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $266.1MM$112.1MM |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $146.6MM$102.1MM |
| Real Estate Owned | Q2 2020vs Q2 2019 | $3.1MM$10.0MM |