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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

United Fidelity Bank started in 1931 with headquarters located in Evansville, Indiana. It manages assets of $684 million as well as $537 million in deposits, classifying it as a medium-size bank. United Fidelity Bank lacks premium access to customer service, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile apps. With a score of 4.4 out of 5 stars, United Fidelity Bank should be solidly in contention for your choice of bank. United Fidelity Bank provides customers with a complete suite of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. United Fidelity Bank has a fair savings rate compared to the average savings account. If you're looking for a checking account for everyday use, United Fidelity Bank's standard checking account does not have a monthly fee. Obtaining a checking account with no monthly fee, in addition to a savings account with a high APY at the same institution is your best option for gaining the most income from your deposits while maintaining 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

With a savings rate of 0.35%, United Fidelity Bank ranks poorly compared to the average U.S. bank. Its CDs feature a rate of 2.75% and 3.00% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has an APY of 0.30%. Given United Fidelity Bank's poor savings rate, you should think about looking at the competition to open savings accounts.

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 charges its customers extremely low fees in comparison to other U.S. banks. With no monthly fee, United Fidelity Bank's checking account is ideal for people who want a hassle-free checking account. United Fidelity Bank unfortunately doesn't reimburse out-of-network ATM fees, meaning you'll be required to search for a United Fidelity Bank ATM or accept the cost of withdrawal.

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 easy access and banking on the go. United Fidelity Bank gets moderately high praise from customers for its mobile banking services. The United Fidelity Bank mobile app scored a 4.2 out of 5 (out of 17 customer reviews on iOS and Android) compared to the national average of 3.8. United Fidelity Bank's mobile app lets you manage your finances by reviewing current statements, transferring money as well as reaching customer service. United Fidelity Bank receives a superb consumer satisfaction rating due to relatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

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 is currently a medium-size bank with assets totaling $684 million as well as deposits totaling $537 million. United Fidelity Bank's Texas Ratio is 7.82%, denoting that United Fidelity Bank is in fine financial health and far from 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: 2.75% APY
  • 24 Month: 2.80% APY
  • 36 Month: 2.75% APY
  • 48 Month: 3.00% APY
  • 60 Month: 3.00% APY
$1000 for all terms
Money Market Account 0.1% APY $10000

United Fidelity 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 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 in comparison 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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