Featured Savings Rates
Featured Accounts

United Bank (MA)

Popular Accounts at this Bank

1.20%5-year CD60 Month CD
0.25%1-year CD12 - 23 Month CD
0.05%SavingsBenefits Savings

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.

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Reviews (1)

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.


Health Grade Components

FDIC Certificate #18203
Year Established1858
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.96%
Return on Equity - YTD8.77%
Annual Interest Income$196.3MM
Assets and Liabilities
AssetsQ4 2015vs Q4 2014$6.22B$5.48B
LoansQ4 2015vs Q4 2014$4.60B$3.89B
DepositsQ4 2015vs Q4 2014$4.48B$4.10B
Equity CapitalQ4 2015vs Q4 2014$630.6MM$610.7MM
Loan Loss AllowanceQ4 2015vs Q4 2014$33.9MM$24.8MM
Unbacked Noncurrent LoansQ4 2015vs Q4 2014$41.4MM$37.1MM
Real Estate OwnedQ4 2015vs Q4 2014$755.00K$2.2MM
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* 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 (MA) Savings Account Rates

0.99%*$2,500*-Health Savings Account
OTHER TIERS: 0.25% Up to $1k | 0.49% $1k - $2,500
0.20%$500-Variable Rate IRA
0.07%*$20k*-Relationship Savings
OTHER TIERS: 0.05% Up to $5k | 0.06% $5k - $20k
0.05%*$1k*-Essential Business Savings
OTHER TIERS: 0.02% Up to $1k
0.05%--Essential Savings
0.05%--Target Savings
0.05%--Benefits Savings

United Bank (MA) Money Market Rates

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%$50-IOLTA - CT
0.40%$50-IORETA - CT
0.08%$500-Generations Checking
0.05%$500-Benefits Business Checking
0.05%*$500*-Benefits Checking
OTHER TIERS: 0.03% Up to $500
0.05%--Relationship Checking

United Bank (MA) CD Rates

1.25%--24 Month Option CD
1.20%$500-60 Month CD
1.00%$500-48 - 59 Month CD
0.80%$500-36 - 47 Month CD
0.55%$500-24 - 35 Month CD
0.25%$500-12 - 23 Month CD
0.20%$500-6 - 8 Month CD
0.20%$500-9 - 11 Month CD

United Bank (MA) IRA Rates

1.25%$500-24 Month Option IRA CD
1.20%$500-60 Month Fixed Rate IRA
1.00%$500-48 - 59 Month Fixed Rate IRA
0.80%$500-36 - 47 Month Fixed Rate IRA
0.55%$500-24 - 35 Month Fixed Rate IRA
0.25%$500-18 - 23 Month Fixed Rate IRA
0.25%$500-12 - 17 Month Fixed Rate IRA

United Bank (MA) has 52 locations. Click to view all United Bank (MA) locations.