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 Homebuyers 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 homebuyers, and parents and grandparents of future new homeowners, may open this new savings account to save money for a down payment to purchase a home. Homebuyers 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.