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United Business Bank Review

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United Business Bank Savings
0.05% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Established in 2004, United Business Bank has assets totaling $1 billion and $1 billion in deposits, which makes it a medium-size bank. United Business Bank, whose headquarters are in Walnut Creek, California, lacks premium access to customer service, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. SmartAsset has rated the bank 3.1 out of 5 stars, suggesting United Business Bank is a satisfactory bank that does not stack up to some of the other banks. United Business Bank provides customers with a variety of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs and credit cards. It has a fair savings rate; other popular banks have higher rates. The bank's standard checking account carries a $8.00 monthly fee, which places it at the higher end of monthly fees. Finding an institution with free checking and a high savings APY is your best option for getting the highest income from your deposits while having convenient access to your funds.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

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


SmartAsset Average: 3.5

With a savings rate of 0.05%, United Business Bank ranks poorly compared to the average U.S. bank. Its one-year CD earns at a rate of 0.25% and the five-year CD earns at a rate of 1.01%, while its highest-yielding money market account earns at a rate of 0.10%. Given its below average savings rate, you should think about looking elsewhere to open savings accounts.

How United Business Bank's Savings Rates Compare

United Business Bank Savings 0.05 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

United Business Bank typically has high fees compared to the average U.S. bank. At $8.00 per month, United Business Bank is less than ideal for those who want a simple banking experience. United Business Bank unfortunately doesn't reimburse out-of-network ATM fees, which means you'll be required to find a United Business Bank ATM or accept the cost of withdrawal.

Monthly Fee $8.00 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

SmartAsset Average: 3.7

United Business Bank is a brick-and-mortar bank, with 18 total branches in California, New Mexico and Washington. It also offers access to mobile and web apps for an easy mobile-banking experience. United Business Bank's mobile app lets you manage your accounts by monitoring monthly statements, transferring money as well as accessing customer service. United Business Bank gets a superb consumer satisfaction score due to relatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

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

SmartAsset Average: 4.8

United Business Bank ranks as a medium-size bank owning assets totaling $1 billion as well as $1 billion in deposits. Its Texas Ratio is 0.13%, denoting a negligible likelihood of failure. Additionally, United Business Bank 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.

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Compare United Business Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.05% APY $1001
Checking Account 0.02% APY $1000
Certificates of Deposit
  • 12 Month: 0.25% APY
  • 24 Month: 0.40% APY
  • 36 Month: 0.55% APY
  • 48 Month: 0.75% APY
  • 60 Month: 1.01% APY
$1000 for all terms
Money Market Account 0.1% APY $10001

United Business Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. United Business Bank 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. United Business Bank's CD rates are fair compared to the national average.

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Find a United Business Bank Near Me

United Business Bank has 18 locations in the U.S.

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