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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

Union Bank and Trust Company first started operating in 1917 with headquarters in Lincoln, Nebraska. It handles assets of $4 billion and deposits totaling $3 billion, ranking it as a large bank. Union Bank and Trust Company 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 access to service representatives at a physical location, in addition to its online and mobile offerings. On the whole, Union Bank and Trust Company is a solid pick to be your bank, with a rating of 4.4 stars out of 5 from the SmartAsset experts. Union Bank and Trust Company provides customers with a complete suite of banking products, 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, Union Bank and Trust Company's standard checking account does not have a monthly fee. Banks that offer no-fee checking and a high interest rate savings account are your best option for getting the highest income on your deposits alongside easy access to your money.

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

With a savings rate of 0.15%, Union Bank and Trust Company ranks poorly in comparison to other U.S. banks. Union Bank and Trust Company's one-year CD has a rate of 2.01% and the five-year CD earns at a rate of 3.19%, while its highest-yielding money market account earns at a rate of 0.30%. Given its 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 has typically extremely low fees in comparison to other U.S. banks. Union Bank and Trust Company's checking account has no monthly fee, making it excellent for anyone looking for a simple account. Union Bank and Trust Company unfortunately does not refund out-of-network ATM charges, meaning you'll be required to search for a Union Bank and Trust Company ATM or accept the ATM charge.

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 easy access and banking on the go. Union Bank and Trust Company's online and mobile banking platforms get mediocre scores from users. The Union Bank and Trust Company mobile app scored a 3.2 out of 5 (with 450 ratings on Apple and Android) compared to the national average of 3.8. You can access Union Bank and Trust Company's app to manage your accounts by reviewing monthly statements, transferring funds as well as reaching support representatives. Union Bank and Trust Company gets a superb consumer satisfaction score based on comparatively few complaints filed with 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 assets totaling $4 billion as well as $3 billion in deposits. Union Bank and Trust Company's Texas Ratio is 5.51%, denoting a tiny opportunity of 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: 2.01% 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 to give you 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 physical branches across the U.S.

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