First United Bank & Trust started in 1900 and its headquarters are located in Oakland, Maryland. First United Bank & Trust handles $1 billion in assets along with deposits totaling $1 billion, which makes it a medium-size bank. First United Bank & Trust has above-average customer service access with a live chat feature, which is helpful for those that work during typical customer service hours. It is a conventional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile apps. We gave First United Bank & Trust a 3.8 stars out of 5, suggesting it is an average bank that leaves room for improvement. First United Bank & Trust has multiple product offerings, which include savings accounts, checking accounts, money market accounts, IRAs, mortgage products and credit cards. It has a fair savings rate; you can find higher rates with other banks. If you're looking for a checking account for everyday use, First United Bank & Trust's most basic checking does not have a monthly maintenance charge. Using an institution with no-fee checking and a high interest rate savings account is the best bet for gaining the most income from your deposits while maintaining convenient access to your money.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
First United Bank & Trust has a savings rate of 0.12%, which is poor compared to other U.S. banks. Its CDs feature a rate of 0.35% and 1.20% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account earns at an APY of 0.10%. Given First United Bank & Trust's noncompetitive savings rate, you should think about opting for higher earning savings accounts with other banks.
How First United Bank & Trust's Savings Rates Compare
On average, First United Bank & Trust charges its customers average fees in comparison to the national average. First United Bank & Trust's checking account has no monthly fee, rating it excellent for anyone looking for a simple account. For those who will need cash in a pinch, it is perfect because it charges no out-of-network ATM fees. Additionally, at $42.00, it has a slightly greater overdraft fee compared to the average overdraft fee charged by U.S. banks. First United Bank & Trust unfortunately doesn't refund out-of-network ATM charges, which means you will need to locate a First United Bank & Trust ATM or accept the ATM charge.
First United Bank & Trust is a brick-and-mortar bank, with 24 total bank locations in West Virginia. With mobile and web apps, First United Bank & Trust makes mobile banking straightforward, even on the go. First United Bank & Trust also offers a live chat feature, giving customers an easy access point throughout the day. First United Bank & Trust's online and mobile banking platforms get mediocre marks from customers. With 120 ratings on both Apple and Android platforms, the First United Bank & Trust mobile app rates a 3.4 out of 5 (compared to the national average of 3.8). First United Bank & Trust's mobile app lets you manage your funds by looking at monthly statements, transferring money and reaching customer service. First United Bank & Trust receives an excellent consumer satisfaction rating based on relatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.
First United Bank & Trust is currently a medium-size bank and handles assets totaling $1 billion as well as $1 billion in deposits. First United Bank & Trust's Texas Ratio is 13.33%, denoting that First United Bank & Trust is in good financial condition and improbable to fail. Additionally, First United Bank & Trust is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.
Texas Ratio Analysis
The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.Back to Overview
Compare First United Bank & Trust to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.12% APY||$50|
|Checking Account||0.03% APY||$1|
|Certificates of Deposit|| ||$1000 for all terms|
|Money Market Accounts||0.1% APY 0.1% APY||$10000 $15000|
First United Bank & Trust has several deposit products like savings accounts, checking accounts and money market accounts that provide you with many options to manage your money. First United Bank & Trust does not have the best savings rate, which means you should think about other options for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. First United Bank & Trust's CD rates are fair as compared against the national average.Back to Overview
Find a First United Bank & Trust Near Me
First United Bank & Trust has 24 locations in the U.S.Back to Overview