Saving
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.
ubi kids Savings club
- Earns higher interest than United Savings: no minimum to earn
- $25 to open
- Bonus - $25 match by UBI after first $25 deposit
- No monthly service charge fee
- Online Banking & Mobile Banking
Limited to 15 debit transactions per month*
*A limited transaction fee of $10 will be charged when debits exceed 15 per month.
United savings
- Earns interest: $200 minimum
- $50 to open
- No monthly service charge fee
- Online Banking & Mobile Banking
Limited to 15 debit transactions per month*
*A limited transaction fee of $10 will be charged when debits exceed 15 per month.
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 40 checks Free
Avoid $7 monthly service charge fee with a $750 minimum or $3,000 average daily balance
Limited to 15 debit transactions per statement cycle*
*A limited transaction fee of $10 will be charged when debits exceed 15 per statement cycle.
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 40 checks Free
For personal accounts only
Limited to 15 debit transactions per statement cycle*
*A limited transaction fee of $10 will be charged when debits exceed 15 per statement cycle.
UBI Kids Savings Club
This account is an easy and fun way for kids to start saving.
- Age 12 or under
- Earn higher interest than United Savings: no minimum to earn
- $25 to open
- Bonus - $25 match by United Bank of Iowa after first $25 deposit
- Limited to 15 debit transactions per month*
We also have a Kids Club CD - ask your local UBI office for more details.
*A limited transaction fee of $10 will be charged when debit transactions exceed 15 per month.
*Annual Percentage Yield (APY) effective as of December 1, 2020 and subject to change after account opening. Ubi Kids Savings Club Account: $0.01-$1,000.00: 0.50% APY; $1,000.01 and greater: 0.01% APY. No minimum balance to obtain APY. Minimum required balance to open account and obtain $25 bonus - $25.00. Bonus will be paid upon receipt of the first $25.00 deposit at account opening. Subject to account approval. The value of the bonus may be added as interest for IRS 1099-INT reporting purposes.
United Savings
This basic account is a smart, easy way to save.
- $50 to open
- Earn interest with balance of $200 or more
- Limited to 15 debit transactions per month*
*A limited transaction fee of $10 will be charged when debit transactions exceed 15 per month.
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 40 checks are free
- Avoid $7 monthly service charge fee with $750 minimum daily balance or $3,000 average daily balance
- Limited to 15 debit transactions per statement cycle*
*A limited transaction fee of $10 will be charged when debit transactions exceed 15 per statement cycle.
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 40 checks are free
- For personal accounts only
- Limited to 15 debit transactions per statement cycle*
*A limited transaction fee of $10 will be charged when debit transactions exceed 15 per statement cycle.
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.
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 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.
Consult your tax advisors to discuss your tax situation.