Established in 1923, United Savings Bank has assets totaling $342 million as well as deposits totaling $254 million, which makes it a small bank. United Savings Bank, whose headquarters are in Philadelphia, Pennsylvania, lacks premium access to support representatives, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. With a score of 4.1 stars out of 5, United Savings Bank should be solidly in contention for your choice of bank. United Savings Bank offers a complete suite of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. It has a fair savings rate compared to the average savings account. If you're looking for a checking account for everyday use, United Savings Bank's standard checking account does not have a monthly fee. Obtaining a checking account with no monthly fee as well as a savings account with a high APY at the same institution is the best bet for accruing the most income on your deposits while having convenient access to your money.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
United Savings Bank features a savings rate of 0.05%, which is fair compared to other U.S. banks. Its one-year CD has a rate of 1.35% and the five-year CD earns at a rate of 2.25%, while its highest-yielding money market account earns at a rate of 0.25%. Given its below average savings rate, you should think about looking elsewhere to open savings accounts.
How United Savings Bank's Savings Rates Compare
United Savings Bank has generally extremely low fees in comparison to other U.S. banks. With no monthly fee, United Savings Bank's checking account is perfect for people who need an easy banking experience. United Savings Bank unfortunately doesn't reimburse out-of-network ATM charges, which means you'll have to search for a United Savings Bank ATM or accept the withdrawal fee.
United Savings Bank is a brick-and-mortar bank, with six total bank locations in Pennsylvania. With mobile and web apps, United Savings Bank makes mobile banking convenient, even on the go. United Savings Bank receives poor marks from customers for its online presence. The United Savings Bank mobile app has been given a 3.4 out of 5 (with 4,900 reviews on Apple and Android) compared to the national average of 3.8. United Savings Bank's mobile app lets you manage your funds by reviewing monthly statements, sending and receiving funds and accessing support representatives. United Savings Bank receives a superb consumer satisfaction score due to relatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.
United Savings Bank is currently a small bank owning $342 million in assets as well as $254 million in deposits. Its Texas Ratio is 0.04%, signifying a negligible likelihood of failure. Additionally, United Savings 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.Back to Overview
Compare United Savings Bank to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.05% APY||$250|
|Checking Account||0.1% APY||$1000|
|Certificates of Deposit|| ||$1000 for all terms|
|Money Market Accounts||0.2% APY 0.25% APY||$10000 $15000|
United Savings Bank offers several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. United Savings 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 Savings Bank's CD rates are fair compared to the national average.Back to Overview
Find a United Savings Bank Near Me
United Savings Bank has six physical branches across the U.S.Back to Overview