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Union Bank and Trust Company Review

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Union Bank and Trust Company Savings
0.15% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Founded in 1917, Union Bank and Trust Company has assets totaling $4 billion and $3 billion in deposits, which makes the institution a large bank. Union Bank and Trust Company, whose headquarters are in Lincoln, Nebraska, lacks premium access to support representatives, with no options for live chat or all-day service. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. Overall, Union Bank and Trust Company is a great choice and should warrant serious consideration, with a score of 4.4 out of 5 stars from the SmartAsset experts. Union Bank and Trust Company offers a full array of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Union Bank and Trust Company has a fair savings rate; other popular banks have higher rates. If you're interested in stress-free personal checking, the bank's standard checking account does not have a monthly maintenance charge. Obtaining a checking account with no monthly fee, in addition to a savings account with a high interest rate at the same institution is the best option for returning the most income from your deposits alongside convenient access to your funds.

How We Rated It

SmartAsset's Overall Rating

4.4/5
National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more

Rates

4.1
SmartAsset Average: 3.5

Union Bank and Trust Company has a savings rate of 0.15%, which is poor compared to the average U.S. bank. Its one-year CD earns at a rate of 2.63% and the five-year CD earns at a rate of 3.19%, while its highest-yielding money market account earns at an APY of 0.30%. Given Union Bank and Trust Company's below average savings rate, you should consider opting for higher earning savings accounts with other banks.

How Union Bank and Trust Company's Savings Rates Compare

Union Bank and Trust Company Savings 0.15 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

Union Bank and Trust Company charges its customers extremely low fees compared to the national average. With no monthly fee, Union Bank and Trust Company's checking account is ideal for people who need a hassle-free checking account. Union Bank and Trust Company unfortunately doesn't refund out-of-network ATM charges, which means you'll be required to search for a Union Bank and Trust Company ATM or pay the withdrawal fee.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

3.5
SmartAsset Average: 3.7

Union Bank and Trust Company is a brick-and-mortar bank, with 37 total branches in Kansas and Nebraska. It also offers access to mobile and web apps for straightforward access and banking on the go. Union Bank and Trust Company gets inferior feedback from users for its online presence. Out of 450 customer reviews across Apple and Android platforms, the Union Bank and Trust Company mobile app is scored at 3.2 out of 5 (compared to the national average of 3.8). You can use Union Bank and Trust Company's mobile app to control your accounts by looking at account balances, sending and receiving funds and accessing customer service. Union Bank and Trust Company receives an outstanding consumer satisfaction rating based on comparatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 3.2/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.8
SmartAsset Average: 4.8

Union Bank and Trust Company is a large bank with $4 billion in assets and $3 billion in deposits. Its Texas Ratio is 5.51%, suggesting that Union Bank and Trust Company is in fine financial shape and far from failure. Additionally, Union Bank and Trust Company is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

5.51%
High Risk 75% 50% 20% 10% Low Risk

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.

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Compare Union Bank and Trust Company to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.15% APY $1
Checking Account 0.1% APY $100
Certificates of Deposit
  • 12 Month: 2.63% APY
  • 24 Month: 2.68% APY
  • 36 Month: 2.78% APY
  • 48 Month: 2.88% APY
  • 60 Month: 3.19% APY
$1000 for all terms
Money Market Account 0.25% APY $5000

Union Bank and Trust Company has several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Union Bank and Trust Company does not have the best savings rate, which means you should think about 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. Union Bank and Trust Company's CD rates are fair compared to the average U.S. bank.

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Find a Union Bank and Trust Company Near Me

Union Bank and Trust Company has 37 locations across the U.S.

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