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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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.
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 11807 |
| Year Established | 1903 |
| Employees | 146 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.06% |
| Return on Equity - YTD | 10.7% |
| Annual Interest Income | $27.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $661.2MM$615.9MM |
| Loans | Q4 2018vs Q4 2017 | $564.5MM$524.4MM |
| Deposits | Q4 2018vs Q4 2017 | $502.0MM$474.8MM |
| Equity Capital | Q4 2018vs Q4 2017 | $65.0MM$60.1MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $5.3MM$5.5MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $1.3MM$2.5MM |
| Real Estate Owned | Q4 2018vs Q4 2017 | $1.1MM$315.00K |
Always verify rates and promotions with the bank or credit union. We are not United Bank (MI); 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.
United Bank (MI) Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 5.00%* | $1.5k* | $10k | UBenefit 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 | ||
