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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


United Southern Bank started in 1937 and its headquarters are located in Umatilla, Florida. It has assets of $507 million as well as deposits totaling $457 million, which makes it a medium-size bank. United Southern Bank has above-average customer service access with a live chat feature, great for getting help during the work week. 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 commendable 4.1 stars out of 5, United Southern Bank proves it is a respectable bank that deserves your consideration. United Southern Bank provides customers with a complete selection 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 looking for a checking account for everyday use, United Southern Bank's most basic checking does not carry a monthly charge. Locating a checking account with no monthly fee and a savings account with a high interest rate at the same institution is your best option for gaining the most income from your deposits while maintaining convenient access to your money.

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

United Southern Bank features a savings rate of 0.20%, which is poor as compared against the national average. 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 an APY of 0.20%. Given its poor savings rate, you should consider other options to earn more on your deposits.

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 typically has extremely low fees compared to the national average. With no monthly fee, United Southern Bank's checking account is perfect for those who need an easy checking account. United Southern Bank does not reimburse out-of-network ATM charges, meaning you'll be required to search for a United Southern 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

SmartAsset Average: 3.7

United Southern Bank is a brick-and-mortar bank, with 13 total branches in Florida. With mobile and web apps, United Southern Bank makes account access straightforward, even on the go. It does not offer 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 gets fair marks from users for its mobile app. The United Southern Bank mobile app has an overall rating of 3.6 out of 5 (with 51 ratings on iOS and Android) compared to the national average of 3.8. United Southern Bank's mobile app allows you to control your funds by checking current statements, transferring funds as well as reaching support representatives. United Southern Bank receives an excellent consumer satisfaction score due to comparatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government 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 is currently a medium-size bank and owns assets totaling $507 million as well as deposits totaling $457 million. United Southern Bank has a strong Texas Ratio of 14.93%, signifying that the 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 including 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 consider 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 Southern Bank's CD rates are fair as compared against the national average.

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Find a United Southern Bank Near Me

United Southern Bank has 13 branches across the U.S.

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