The right account makes all the difference.

Savings

Compare Accounts

WHICH ACCOUNT IS RIGHT FOR YOU? (click here)

Whether you’re saving for a special occasion, dream vacation, or life’s unexpected moments, you’ll find a wide variety of useful, accessible savings options at United Bank of Iowa. We offer everything from your basic savings, to CDs and HSAs – and you can access any of them in Online Banking.

United savings

  • Earns interest: $200 minimum
  • $50 to open
  • No monthly service charge fee
  • Online Banking & Mobile Banking

Six limited transactions per calendar month*

*An excessive use fee of $10 per month will be charged if more than six limited transactions are exceeded in a calendar month.



Age 12 or Under?

Click to learn about our Ubi Kids Savings Club! 


United select

  • Earns tiered interest: $1,000 minimum
  • $1,000 to open
  • Limited check writing
  • Options to avoid monthly service charge fee
  • Check images included with statements
  • Online Banking & Mobile Banking
  • First 50 checks Free

Avoid $7 monthly service charge fee with a $750 minimum or $3,000 average daily balance

Six limited transactions per calendar month*

*An excessive use fee of $10 per month will be charged if more than six limited transactions are exceeded in a calendar month.

United investment

  • Earns tiered interest: $10,000 minimum
  • $10,000 to open
  • Limited check writing
  • No monthly service charge fee
  • Check images included with statements
  • Online Banking & Mobile Banking
  • First 50 checks Free

For personal accounts only

Six limited transactions per calendar month*

*An excessive use fee of $10 per month will be charged if more than six limited transactions are exceeded in a calendar month.

United Savings

This basic account is a smart, easy way to save. 

  • $50 to open
  • Earn interest with balance of $200 or more
  • Six limited transactions per calendar month*
*An excessive use fee of $10 per month will be charged if more than six limited transactions are exceeded in a calendar month.


GET STARTED




United Select

Ideal for those wanting limited check-writing abilities and a higher interest rate.

  • $1,000 to open 
  • Earn tiered interest on a minimum balance of $1,000
  • Interest paid monthly
  • First 50 checks are free
  • Avoid $7 monthly service charge fee with $750 minimum daily balance or $3,000 average daily balance
  • Six limited transactions per calendar month*
*An excessive use fee of $10 per month will be charged if more than six limited transactions are exceeded in a calendar month.


GET STARTED




United Investment

If you carry a significant balance, you’ll enjoy this high-yield savings account. 

  • $10,000 to open
  • Earn tiered interest on a minimum balance of $10,000
  • Interest paid monthly
  • First 50 checks are free
  • For personal accounts only
  • Six limited transactions per calendar month*
*An excessive use fee of $10 per month will be charged if more than six limited transactions are exceeded in a calendar month.


GET STARTED


 

First Time Homebuyer Savings Account

 
Buying your first home is very exciting and we are here to help you get started! With our First Time Homebuyers Savings Account, you can save for your down payment, receive tax benefits, and, best of all, you’ll earn a higher rate than a regular savings account!
 
Here's How It Works
  • First time home buyers, and parents and grandparents of future new home owners, may open this new savings account to save money for a down payment to purchase a home. Home buyers re-entering the market, if they have not owned a home in the last three years, would also qualify.
  • It may be an individual account or a joint account between a married couple filing a joint return.
  • Amounts up to $2,000 for individuals and up to $4,000 for married tax payers filing a joint return may be deducted from the account holder’s income on their state tax return.
  • The funds need to be used for eligible costs associated with a first-time home purchase within 10 years after the account is opened.
  • The residence being purchased must be within the state of Iowa.
 

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Certificates of Deposit (CDs)

Earn more on the money you don’t need access to every day! Competitive rates and a variety of terms make this a smart savings option. 

  • Open an account with just $500
  • Interest rates are tiered to offer higher rates for larger balance accounts 
  • Flexible terms of 90 days to 5 years
  • Interest paid one of the following ways: 
     - Compounded (interest added to the CD)
     - Deposited directly to a checking or savings account
  • Automatically renewable feature provides the flexibility to renew at the current annual percentage yield 
  • You will receive a pre-notice approximately 10 days prior to the maturity date of the certificate allowing you sufficient time to think about any changes you might wish to make to your investment.
  • You have a 10-day grace period following the maturity date to make any desired changes. Interest will be paid for the first 7 days of the 10-day grace period.
  • Penalty for early withdrawal




Health Savings Accounts (HSAs)

An HSA is a tax-exempt savings plan used to accumulate funds to pay or get reimbursed for health care expenses. In order to qualify you must be covered under a high deductible health plan (HDHP).

  • Open an account with just $50 
  • No set-up fees 
  • No income limits 
  • No compensation requirement 
  • No minimum balance requirement 
  • Check writing privileges 
  • First 120 checks free 
  • Debit card - optional 
  • View statements in Online Banking 
  • Variable interest rate options are available 
  • For balances in excess of your policy’s deductible, an HSA Investment Account with higher tiered rates and $1,000 minimum balance is also available 

If you’re a business, consider HSA plans for your employees.

  • Lowers the overall health insurance costs for you
  • Tax deductions available on business tax return for any contributions made to the HSA of eligible employees
  • Increases your ability to attract and retain employees


Learn more at your local UBI office or at the IRS Website. 


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Consult your tax advisors to discuss your tax situation.