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First United Bank Review

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We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
First United Bank Savings Account
0.0% APY

First United Bank traces its history back to 1900 when it was chartered as Durant National Bank, taking on its current name in 1998. Today, the bank stretches through Texas and Oklahoma. 

First United Bank offers a range of banking products from personal and business bank accounts to wealth management, insurance and mortgage services. Their rates depend on your exact location, so you’ll need to call or visit your local branch to find your most accurate rates. 

Products Offered

Product Key Details
Savings Account
  • Two account options, including a kid’s savings account
  • No monthly fee
Certificates of Deposit
  • Terms range from 91 days to five years 
Money Market Account
  • High minimum deposit
  • Monthly fee, waivable with a high balance 
Checking Account
  • Three account options
  • One interest-earning account

First United Bank Interest Rate Comparison

Savings Account

Key Features Details
Minimum Deposit $50
Access to Your Savings Account Online, mobile, ATMs and physical branches.
Security FDIC insurance up to the maximum amount allowed by law. 
Fees No monthly fee
Current Terms and Rates
  • 0.05% APY

This simple savings account allows you keep your money safe and earn interest without paying a fee for doing so. You’re allowed up to nine free withdrawals per quarter, too, offering more flexibility with your money.

SmartStart Kid's Savings Account

Key Features Details
Minimum Deposit $10
Access to Your Savings Account Online, mobile, ATMs and physical branches.
Security FDIC insurance up to the maximum amount allowed by law. 
Fees No monthly fee
Current Terms and Rates Visit or call the bank at (800) 924-4427 for your most accurate rates. 

Want to teach your kids the importance of saving their money properly? You can open the SmartStart Kid's Savings Account with as little as $10. The account is designed for kids 17 and under. It makes saving a little easier, too, without a monthly fee. 

Compare First United Bank to Other Competitive Offers

Certificates of Deposit (CDs)

Key Features Details
Minimum Deposit $500
Access to Your CD Account Online, mobile, ATMs and physical branches.
Security FDIC insurance up to the maximum amount allowed by law. 
Fees No monthly fee, but early withdrawal penalties may apply. 
Current Terms and Rates
  • 12 Month: 1.25% APY
  • 24 Month: 1.40% APY
  • 36 Month: 1.50% APY
  • 48 Month: 2.00% APY
  • 60 Month: 2.25% APY

With such a wide range of CD terms available, First United Bank offers its customers with the opportunity to save toward both short-term and long-term goals. Plus, there’s no monthly fee to maintain your account. You just need at least $500 to open your account.

Don’t forget that once you make your initial deposit into a CD, the account is closed until maturity. You cannot make any withdrawals of your deposit or any additional deposits until the end of the term. Otherwise, you’ll face some big penalty fees. 

Money Market Account

Key Features Details
Minimum Deposit $100
Access to Your Money Market Account Online, mobile, ATMs and physical branches.
Security FDIC insurance up to the maximum amount allowed by law. 
Fees $10 monthly fee, waivable with $1,500 minimum balance.
Current Terms and Rates
  • 10K tier: 0.25% APY
  • 25K tier: 0.50% APY

If you want to earn interest on your higher balances, First United Bank’s money market account could be a good option for you. It requires a higher minimum deposit than the regular savings account. But it can earn at higher rates especially with higher balances. 

Secure Checking with IDProject

Key Features Details
Minimum Deposit $100
Access to Your Checking Account Online, mobile, ATMs and physical branches.
Security FDIC insurance up to the maximum amount allowed by law. 
Fees $5.95 monthly fee

This checking account from First United comes with the peace of mind that all your funds and information are being kept safe. It comes with credit monitoring, a three-in-one credit report, total identity monitoring, theft resolution services and family coverage. 

All First United Bank checking accounts also include Overdraft Advantage®, free Pay-a-Person and $100 off mortgage closing costs.  

Basic Checking Account

Key Features Details
Minimum Deposit $100
Access to Your Checking Account Online, mobile, ATMs and physical branches.
Security FDIC insurance up to the maximum amount allowed by law. 
Fees $3.50 monthly fee, waivable with one of the following
  • eStatements enrollment
  • Direct deposit
  • $10,000 total combined deposit balance

First United Bank’s Basic Checking account comes with a small monthly fee. However, you can waive the fee in three different ways. These methods of waiving the fee (listed above) should be easy if you use this account as your primary checking account. 

Prestige Checking Account

Key Features Details
Minimum Deposit $100 or direct deposit
Access to Your Checking Account Online, mobile, ATMs and physical branches.
Security FDIC insurance up to the maximum amount allowed by law. 
Fees $7.50 monthly fee, waivable with $1,000 minimum daily balance
Current Terms and Rates Visit or call the bank at (800) 924-4427 for your most accurate rates. 

This is the one First United Bank checking account that earns interest. You’ll get all the same benefits as the other accounts, like eStatements and online banking. Just note that there is a slightly higher monthly fee. While it may not seem like much, it can add up over the years. You might want to try waiving the fee to avoid that added cost by keeping at least $1,000 in your account.

Branch Locations 

First United Bank maintains over 85 locations throughout Texas and Oklahoma. You can find your closest location by using the branch and ATM finder on the bank’s website. Once you know your main branch, you can even set that as your bank on the website. That way, you can have more automatic access to the branch’s hours and its phone number. 

Financial Statistics & Bank Health Rating

First United Bank has $1.27 billion in assets and $832.59 million in loans. It currently holds $1.10 billion in deposits. 

First United Bank has an excellent Texas Ratio of 1.95%. The Texas Ratio indicates how risky a bank is, or how safe your deposits will be with the bank. It’s calculated by dividing the amount of unbacked current loans and real estate owned by the bank’s tangible equity capital and loan loss allowances. Like First United’s score, ratios below 5% are considered excellent, while scores above 90% reflect poor reliability. 

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