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United Fidelity Bank Review

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United Fidelity Bank Savings
0.35% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Established in 1931, United Fidelity Bank has assets totaling $684 million along with deposits totaling $537 million, classifying the institution as a medium-size bank. United Fidelity Bank, whose headquarters are in Evansville, Indiana, 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 apps. Coming in at a commendable 4.4 stars out of 5, United Fidelity Bank is a great choice and should warrant serious consideration. United Fidelity Bank offers a variety of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. It has a fair savings rate; other popular banks have higher rates. If you're interested in stress-free personal checking, United Fidelity Bank's ordinary checking account does not have a monthly fee. Locating an institution with free checking and a high interest rate savings account is your best bet for gaining the highest income from 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

3.8
SmartAsset Average: 3.5

United Fidelity Bank has a savings rate of 0.35%, which is fair compared to the national average. United Fidelity Bank's one-year CD earns at a rate of 2.10% and the five-year CD has a rate of 2.75%, while its highest-yielding money market account has an APY of 0.15%. Given United Fidelity Bank's noncompetitive savings rate, you should think about opting for higher earning savings accounts with other banks.

How United Fidelity Bank's Savings Rates Compare

United Fidelity Bank Savings 0.35 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

United Fidelity Bank has typically extremely low fees in comparison to the national average. With no monthly fee, United Fidelity Bank's checking account is ideal for those who need an easy checking account. United Fidelity Bank does not refund out-of-network ATM charges, meaning you'll need to locate a United Fidelity Bank ATM or pay 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

4.1
SmartAsset Average: 3.7

United Fidelity Bank is a brick-and-mortar bank, with 16 total branches in Colorado, Florida, Illinois, Indiana and Ohio. It also offers access to mobile and web apps for a simple mobile-banking experience. United Fidelity Bank receives reasonably decent ratings from customers for its mobile banking services. With 17 ratings on both iOS and Android platforms, the United Fidelity Bank mobile app has an overall rating of 4.2 out of 5 (compared to the national average of 3.8). United Fidelity Bank's mobile app allows you to control your bank accounts by reviewing current statements, transferring funds and accessing customer service. United Fidelity Bank gets a superb consumer satisfaction score due to relatively few complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 4.2/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.7
SmartAsset Average: 4.8

United Fidelity Bank ranks as a medium-size bank owning $684 million in assets as well as $537 million in deposits. United Fidelity Bank's Texas Ratio is 7.82%, suggesting a small likelihood of failure. Additionally, United Fidelity Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

7.82%
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 United Fidelity Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.35% APY $100
Checking Account 0.25% APY $2000
Certificates of Deposit
  • 12 Month: 2.10% APY
  • 24 Month: 2.65% APY
  • 36 Month: 2.75% APY
  • 48 Month: 2.75% APY
  • 60 Month: 2.75% APY
$1000 for all terms
Money Market Account 0.1% APY $1000

United Fidelity Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. United Fidelity Bank does not have the best savings rate, which means you should think about looking 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 Fidelity Bank's CD rates are fair compared to other U.S. banks.

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Find a United Fidelity Bank Near Me

United Fidelity Bank has 16 physical locations in the U.S.

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