The Union Bank Company started in 1904 and has its headquarters in Columbus Grove, Ohio. It manages $779 million in assets and deposits totaling $635 million, classifying it as a medium-size bank. The Union Bank Company lacks premium access to customer service, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile offerings. On the whole, The Union Bank Company is a great bank that you should seriously consider, with a rating of 4.3 stars out of 5 from the SmartAsset experts. The Union Bank Company offers a mixture of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. The Union Bank Company has a fair savings rate compared to the average savings account. If you're interested in stress-free personal checking, The Union Bank Company offers an option without a maintenance or monthly fee. Finding a checking account with no monthly fee as well as a savings account with a high APY at the same institution is the best bet for accruing the most income on your deposits while having easy access to your funds.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
The Union Bank Company has a savings rate of 0.01%, which is fair compared to the national average. Its CDs feature a rate of 0.75% and 2.10% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has an APY of 0.25%. Given The Union Bank Company's below average savings rate, you should think about taking a look at other banks for savings accounts.
How The Union Bank Company's Savings Rates Compare
The Union Bank Company has typically extremely low fees in comparison to the average U.S. bank. Its checking account has no monthly fee, rating it excellent for anyone looking for a hassle-free account. The Union Bank Company doesn't reimburse out-of-network ATM fees, meaning you will have to search for a The Union Bank Company ATM or accept the fee.
The Union Bank Company is a brick-and-mortar bank, with 19 total branches in Ohio. It also offers access to mobile and web apps for easy access and banking on the go. The Union Bank Company gets reasonably high praise from users for its mobile app. The The Union Bank Company mobile app is rated at 4.1 out of 5 (out of 46 reviews on Apple and Android) compared to the national average of 3.8. You can utilize The Union Bank Company's app to manage your accounts by monitoring current statements, transferring money as well as reaching support representatives. The Union Bank Company receives a superb consumer satisfaction score based on comparatively few complaints registered with the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.
The Union Bank Company is currently a medium-size bank and owns $779 million in assets and deposits totaling $635 million. Its Texas Ratio is 3.77%, denoting that the bank is in superb financial shape and improbable to fail. Additionally, The Union Bank Company 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 The Union Bank Company to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.01% APY||$50|
|Checking Account||0.15% APY||$1000|
|Certificates of Deposit|| ||$500 for all terms|
|Money Market Accounts||0.15% APY 0.25% APY||$10000 $15000|
The Union Bank Company has several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. The Union Bank Company does not have the best savings rate, which means you should consider taking a look elsewhere 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. The Union Bank Company's CD rates are fair in comparison to the average U.S. bank.Back to Overview
Find a The Union Bank Company Near Me
The Union Bank Company has 19 locations across the U.S.Back to Overview