Featured Savings Rates
Featured Accounts

United Bank (MI)

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
0.20%SavingsPersonal High Yield Savings
0.10%SavingsStatement Savings
4.00%CheckingUBenefit Interest Checking

Overview / Commentary
616-559-7000
900 E. Paris Ave. SE
Grand Rapids, MI 49546

United Bank (MI) is headquartered in Grand Rapids and is the 18th largest bank in the state of Michigan. It is also the 1,142nd largest bank in the nation. It was established in 1903 and as of June of 2017, it had grown to 144 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
Employees144
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.71%
Return on Equity - YTD7.82%
Annual Interest Income$12.7MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$645.5MM$558.7MM
LoansQ2 2017vs Q2 2016$520.2MM$473.9MM
DepositsQ2 2017vs Q2 2016$493.4MM$425.9MM
Equity CapitalQ2 2017vs Q2 2016$58.2MM$54.1MM
Loan Loss AllowanceQ2 2017vs Q2 2016$5.5MM$5.4MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$3.0MM$2.5MM
Real Estate OwnedQ2 2017vs Q2 2016$764.00K$1.6MM
Rates
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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 (MI) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*$50k*-Individual Health Savings Account
OTHER TIERS: 0.50% Up to $1k | 0.75% $1k - $5k | 1.25% $5k - $50k
2.00%*$50k*-Family Health Savings Account
OTHER TIERS: 0.50% Up to $1k | 0.75% $1k - $5k | 1.25% $5k - $50k
0.20%*$50k*-Personal High Yield Savings
OTHER TIERS: 0.10% Up to $10k | 0.15% $10k - $50k
0.10%--Statement Savings

United Bank (MI) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%*$1,200*$10kUBenefit Interest Checking
OTHER TIERS: 0.50% $75 - $300 | 1.00% $300 - $600 | 2.00% $600 - $1k | 3.00% $1k - $1,200
Locations

Availability