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United Southern Bank Review

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United Southern Bank Savings
0.20% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Established in 1937, United Southern Bank has assets totaling $507 million as well as deposits totaling $457 million, classifying it as a medium-size bank. United Southern Bank, whose headquarters are in Umatilla, Florida, has above-average access to customer service with a live chat feature, which is helpful for those that work during typical customer service hours. It is a conventional 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 4.1 out of 5 stars, United Southern Bank should be solidly in contention for your choice of bank. United Southern Bank offers a varied selection of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. United Southern Bank has a fair savings rate; other popular banks have higher rates. If you're interested in stress-free personal checking, the bank's standard checking does not carry a monthly maintenance fee. Finding a checking account with no monthly fee as well as a savings account with a high interest rate at the same bank is your best option for accruing the most income from your deposits while having easy 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 0.20%, United Southern Bank ranks poorly compared to other U.S. banks. United Southern Bank's one-year and five-year term lengths CDs earn at a rate of 0.50% and 1.02%, respectively, while its highest-yielding money market account earns at a rate of 0.20%. Given its poor savings rate, you should consider taking a look at other banks for savings accounts.

How United Southern Bank's Savings Rates Compare

United Southern Bank Savings 0.20 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

United Southern Bank charges its customers extremely low fees in comparison to the national average. United Southern Bank's checking account has no monthly fee, ranking it excellent for anyone looking for a hassle-free account. United Southern Bank does not reimburse out-of-network ATM charges, which means you will have to find a United Southern Bank ATM or eat the withdrawal fee.

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

SmartAsset Average: 3.7

United Southern Bank is a brick-and-mortar bank, with 13 total bank locations in Florida. With mobile and web apps, United Southern Bank makes account access convenient, even on the go. It does not have all-day customer service with representatives. You can get help during its customer service hours, which are Monday through Thursday, 8:00 a.m. to 4:00 p.m. ET; Friday, and 8:00 a.m. to 6:00 p.m. ET. United Southern Bank also offers a live chat feature, giving customers an easy access point throughout the day. United Southern Bank receives fair feedback from customers for its online presence. The United Southern Bank mobile app has been given a 3.6 out of 5 (with 51 ratings on iOS and Android) compared to the national average of 3.8. You can use United Southern Bank's mobile app to control your bank accounts by reviewing account balances, transferring money and reaching customer service. United Southern Bank gets an exceptional consumer satisfaction rating based on relatively few complaints registered with the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 3.6/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat Yes
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Financial Health

SmartAsset Average: 4.8

United Southern Bank ranks as a medium-size bank and manages assets totaling $507 million and $457 million in deposits. Its Texas Ratio is 14.93%, signifying that United Southern Bank is in good financial condition and far from failure. Additionally, United Southern Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

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 Southern Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.2% APY $10
Checking Account 0.1% APY $1
Certificates of Deposit
  • 12 Month: 0.50% APY
  • 24 Month: 0.66% APY
  • 36 Month: 0.81% APY
  • 48 Month: 0.91% APY
  • 60 Month: 1.02% APY
$1000 for all terms
Money Market Account 0.1% APY $5000

United Southern Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. United Southern Bank 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. United Southern Bank's CD rates are fair in comparison to other U.S. banks.

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Find a United Southern Bank Near Me

United Southern Bank has 13 physical locations in the U.S.

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