United Bank (MI)


Overview / Commentary
616-559-4589
900 E. Paris Ave. SE
Grand Rapids, MI 49546

United Bank (MI) is headquartered in Grand Rapids and is the 19th largest bank in the state of Michigan. It is also the 1,127th largest bank in the nation. It was established in 1903 and as of December of 2018, it had grown to 146 employees at 14 locations. United Bank (MI) has an A health rating.

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Reviews (3)

Final Results

I feel that the United Bank of Michigan met my expectations with respect to the Health Savings Account thus far. The interest rate they provide seems unbeatable to me, and the account was able to opened up without any problems. I used it already to pay a dental bill.

Update To The Review From The Day Before

I wrote a review yesterday based on information from one staff person. A different person who seems to have more authority on the HSA process told me today that opening up an HSA can be done via a combination of email and regular mail. So I'm in the process of hopefully having my application approved so that I can take advantage of the 3.25% rate. I hope the rate is accurate.

Opening An HSA Account

I was told 8.22.2013 that you can't get the HSA account unless you open up the account personally at a branch office, or if you do it online you have to have a zipcode for a location in the Grand Rapids area.



Health

Health Grade Components

Overall
FDIC Certificate #11807
Year Established1903
Employees146
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.06%
Return on Equity - YTD10.7%
Annual Interest Income$27.9MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$661.2MM$615.9MM
LoansQ4 2018vs Q4 2017$564.5MM$524.4MM
DepositsQ4 2018vs Q4 2017$502.0MM$474.8MM
Equity CapitalQ4 2018vs Q4 2017$65.0MM$60.1MM
Loan Loss AllowanceQ4 2018vs Q4 2017$5.3MM$5.5MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$1.3MM$2.5MM
Real Estate OwnedQ4 2018vs Q4 2017$1.1MM$315.00K
Rates
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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 (MI) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$5-Savings Club
0.35%*$100k*-Premium High-Yield Savings
OTHER TIERS: 0.05% Up to $25k | 0.10% $25k - $50k | 0.30% $50k - $100k
0.35%*$100k*-Business Premium High-Yield Savings
OTHER TIERS: 0.05% Up to $25k | 0.10% $25k - $50k | 0.30% $50k - $100k
0.20%*$50k*-Personal High Yield Savings
OTHER TIERS: 0.10% Up to $10k | 0.15% $10k - $50k
0.20%*$50k*-Business High Yield Savings
OTHER TIERS: 0.05% Up to $10k | 0.10% $10k - $25k | 0.15% $25k - $50k
0.15%--Business Statement Savings
0.10%--Statement Savings

United Bank (MI) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%*$1.5k*$10kUBenefit Interest Checking
OTHER TIERS: 0.01% Any amount | 0.50% $100 - $500 | 1.50% $500 - $1k | 3.00% $1k - $1.5k
0.25%*$100k*-Business Premium High-Yield Checking
OTHER TIERS: 0.05% Up to $25k | 0.10% $25k - $50k | 0.20% $50k - $100k
0.25%*$100k*-Premium High-Yield Checking
OTHER TIERS: 0.05% Up to $25k | 0.10% $25k - $50k | 0.20% $50k - $100k
0.15%--Corporate Interest Checking
Locations

Availability



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