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Univest Bank and Trust Co. Review

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We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
Univest Bank and Trust Co. Savings
0.05% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Established in 1876, Univest Bank and Trust Co. has assets totaling $5 billion and deposits totaling $4 billion, making the institution a large bank. Univest Bank and Trust Co., whose headquarters are in Souderton, Pennsylvania, 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 in-person service, in addition to its online and mobile offerings. We ranked the bank at a 4 out of 5 stars, suggesting Univest Bank and Trust Co. is a good bank that warrants your consideration. Univest Bank and Trust Co. offers a varied choice of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Univest Bank and Trust Co. has a fair savings rate; other popular banks have higher rates. If you're interested in stress-free personal checking, Univest Bank and Trust Co.'s ordinary checking account does not have a monthly fee. Obtaining a checking account with no monthly fee and a savings account with a high APY at the same bank is the best bet for accruing the most income from your deposits alongside easy access to your money.

How We Rated It

SmartAsset's Overall Rating

4.0/5
National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more

Rates

3.0
SmartAsset Average: 3.5

Univest Bank and Trust Co. features a savings rate of 0.05%, which is fair compared to the average U.S. bank. Its one-year CD earns at a rate of 0.45% and the five-year CD earns at a rate of 1.25%, while its highest-yielding money market account earns at an APY of 0.05%. Given its poor savings rate, you should think about choosing another bank to earn more on your deposits.

How Univest Bank and Trust Co.'s Savings Rates Compare

Univest Bank and Trust Co. Savings 0.05 National Average 0.26 Compare Offers
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Fees

4.3
SmartAsset Average: 4.4

Univest Bank and Trust Co. generally has low fees in comparison to other U.S. banks. With no monthly fee, Univest Bank and Trust Co.'s checking account is perfect for those who need a hassle-free checking account. For those who withdraw cash often, Univest Bank and Trust Co. is fair because it has an out-of-network ATM fee of $1.50, which is reasonable compared to the average U.S. bank. Univest Bank and Trust Co. doesn't reimburse out-of-network ATM charges, which means you will have to search for a Univest Bank and Trust Co. ATM or eat the fee.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee $1.50 National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

3.6
SmartAsset Average: 3.7

Univest Bank and Trust Co. is a brick-and-mortar bank, with 48 total branches in New Jersey and Pennsylvania. With mobile and web apps, Univest Bank and Trust Co. makes mobile banking easy, even on the go. It does not provide access to all-day customer service with actual service representatives. You can get help during its customer service hours, which are Monday through Friday, 8:00 a.m. to 10:00 p.m. ET; Saturday and Sunday, and 9:00 a.m. to 5:00 p.m. ET. Univest Bank and Trust Co.'s online and mobile banking services get poor scores from users. The Univest Bank and Trust Co. mobile app has been given a 3.4 out of 5 (with 120 ratings on iOS and Android) compared to the national average of 3.8. You can access Univest Bank and Trust Co.'s app to manage your accounts by looking at current statements, sending and receiving money as well as accessing support representatives. Univest Bank and Trust Co. receives a superb consumer satisfaction rating due to relatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 3.4/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.9
SmartAsset Average: 4.8

Univest Bank and Trust Co. ranks as a large bank owning $5 billion in assets and deposits totaling $4 billion. Univest Bank and Trust Co.'s Texas Ratio is 2.86%, denoting a negligible possibility of failure. Additionally, Univest Bank and Trust Co. 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.

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Compare Univest Bank and Trust Co. to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.05% APY $1
Checking Account 0.05% APY $1
Certificates of Deposit
  • 12 Month: 0.45% APY
  • 24 Month: 0.75% APY
  • 36 Month: 1.10% APY
  • 48 Month: 1.15% APY
  • 60 Month: 1.25% APY
$500 for all terms
Money Market Accounts 0.05% APY 0.05% APY $10000 $15000

Univest Bank and Trust Co. has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Univest Bank and Trust Co. does not have the best savings rate, which means you should consider other options 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. Univest Bank and Trust Co.'s CD rates are fair in comparison to other U.S. banks.

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Find a Univest Bank and Trust Co. Near Me

Univest Bank and Trust Co. has 48 branches in the U.S.

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