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United Bank & Trust makes saving easy at any age! Check out the different savings options available to fit your needs and then stop into one of our branches or apply online today!


Regular Savings Account

With a Regular Savings account from United Bank & Trust, you can begin building financial security for any situation. Your money will be earning interest while you enjoy peace of mind.

  • $100 minimum balance*
  • Earns interest on collected balances of $100 or more; interest paid quarterly
  • Children under 18 are exempt from monthly service fees
  • Debits in excess of five per month charged $1.00 each (also applies to children under 18) 
  • Account limited to six transfers per month**
  • ATM access available
  • Initial deposit of $100 required

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*If balance falls below $100 anytime during a month, $5.00 monthly fee applies.

** Transfers from a Regular Savings account to another account or to third parties by preauthorized, automatic, telephone, or computer or mobile transfer are limited to six per month.


First-Time Homebuyer Savings Account

Our main goal is helping customers achieve their financial goals, and homeownership is often chief among those goals. In 2017, Iowa Legislature passed a law that created a new income tax credit for first-time homebuyers. The tax credit can be accessed through the use of a homebuyer savings account, which can be set up and maintained at United Bank & Trust. To qualify for the tax deduction, the homebuyer must be a first-time homeowner who has not previously owned – either individually or jointly – a single or multifamily residence in the previous three years.

Here's how it works:

  • Open a United Bank & Trust Savings Account
  • You can make unlimited deposits each year to the homebuyer savings account
  • The income tax deduction is limited to $2,000 per year when filing individually and $4,000 per year when filing jointly
  • Interest earned on account balances is exempt from state income tax
  • Accounts can be opened with the account holder as the beneficiary of the funds or another person can be named as beneficiary. For example, a parent could open an account in his/her name and name a child as the beneficiary.  The designated beneficiary must be a first time homebuyer.
  • The maximum amount that qualifies for the exemption will be adjusted annually for inflation
  • The money within an account is available for up to 10 years to be used for the qualifying purchase costs of a single-family residence

For additional information provided by the Iowa Department of Revenue, click here.  Please consult your tax advisor for additional tax related questions.

Features of the First-Time Homebuyer Savings Account

  • $100 minimum balance*
  • Earns interest on collected balances of $100 or more; interest paid quarterly
  • Debits in excess of five per month charged $1.00 each (also applies to children under 18) 
  • Account limited to six transfers per month**
  • ATM access available
  • Initial deposit of $100 required

Apply Now

*If balance falls below $100 anytime during a month, $5.00 monthly fee applies.

** Transfers from a Regular Savings account to another account or to third parties by preauthorized, automatic, telephone, or computer or mobile transfer are limited to six per month.


Money Market Account

Are you looking for an option different from a regular savings account? With a Money Market account from United Bank & Trust you can earn interest based on the competitive market rates. 

  • $2,500 minimum balance
  • Monthly compounded interest
  • No monthly fees when you maintain a $2,500 minimum daily balance, or a $5,000 average monthly balance*
  • Unlimited cash withdrawals and in-bank transfers
  • Debit transactions are limited to six per month, all of which can be made by check or debit card**
  • ATM, Touch Tone Teller, Internet and Online Banking access
  • Initial deposit of $100 required

Apply Now

*If balance is between $500 and $2,500, a $5.00 monthly fee applies.  For balances below $500, a $10.00 monthly fee applies.

** Debit transactions include; checks, debit card transactions, ACH debits, automatic transfer debits, telephone transfer debits, Touch Tone Teller transfer debits, Internet banking or Mobile banking debits. Unlimited debits for automatic loan payments made to United Bank & Trust and transfers or withdrawals made by mail, ATM, or in person.

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