Union Bank and Trust Company Review 2025
Written by
Rudri Patel
Edited by
Emily Gadd
Commitment to Our Readers
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A full-service banking experience for residents of Nebraska.
UBTC offers four checking accounts, two savings accounts, a money market account and CDs.
Union Bank and Trust Company (UBTC) offers checking, savings, CDs, and personal, business and residential loans. UBTC has an expansive number of checking accounts that cater to different needs. For 2025, GOBankingRates has ranked UBTC as one of the Best Banks in Nebraska.
Union Bank and Trust Company Checking Account
UBTC offers four checking accounts, including Simply Free Checking, Simply Free Plus Checking, Simply Free Student Checking, and Simply Free Platinum Checking to help individuals choose an account that aligns with their financial goals. All accounts do not have monthly maintenance or activity fees.
Best For
Banking in Nebraska
Mobile App
Low Monthly Fees
Loan Options
Investment Services
Four Checking Account Options
- Diverse accounts for different types of client preferences
- No monthly maintenance fees
- Simply Free Plus requires a $1,000 minimum deposit
- Simply Free Student Checking account has a $50 bonus when you meet requirements
- Simply Free Platinum earns interest
Fees
No monthly service fee
APY
–
Min Opening
$0-$1,000
Pros
- Checking accounts for different customer needs
- Simply Free Student checking offers a $10 Roundup credit when requirements are met
- Accounts for seniors
Cons
- Limited geographic presence
- To earn premium interest on Simply Free Plus, you have to comply with specific requirements
- High opening deposit for Simply Free Plus ($1,000)
Quick Take
UBTC offers a diverse portfolio of checking accounts that address different customer needs. Some accounts earn interest.
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Union Bank and Trust Company Savings Accounts
UBTC offers two types of savings accounts: Simply Savings and Simply Savings Student. Both accounts can earn interest based on account balances.
Best For
Banking in Nebraska
Mobile App
Low Monthly Fees
Loan Options
Investment Services
Min. Balance to Earn APY $0
Ally is an online-only bank that features low fees and high interest rates on its
- Variety of account options
- Low or no monthly service fees
- Promotes educational and financial literacy for young children to save
- There is no monthly fee for the Simply Savings Student account
- Monthly fee of $3 for Simply Savings (can be waived)
Fees
$0-$3
APY
Min Opening
$0
Pros
- Variety of savings account
- APY earned on both accounts
- Low or no monthly service payments
- Educational savings opportunities
Cons
- Limited in-person locations
- Potential transaction limits
Quick Take
UBTC’s savings accounts offer tailored savings options, including adult and youth savings, with benefits like interest rates and minimal fees.
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Union Bank and Trust Company CDs
Union Bank and Trust offer CDs with varying length terms and interest rates. The minimum deposit to open a CD is $1,000. The APY ranges from to .
Best For
Banking in Nebraska
Mobile App
Low Monthly Fees
Loan Options
Investment Services
Standard and Access CDs
- Flexible terms
- Fixed interest rates to guarantee returns
- FDIC insured
- Competitive APYs
- The Access CD option requires a $10,000 minimum deposit but offers a guaranteed APY with penalty-free withdrawals.
Fees
No monthly service fee
APY
–
Min Opening
$1,000
Pros
- Guaranteed return because of fixed interest rate
- FDIC insured
- CD lengths vary
- APYs are competitive
Cons
- Early withdrawal penalties
- The minimum deposit requirement may be too high for some
Quick Take
UBTC offers CDs with varying terms and competitive rates, making it a solid savings vehicle. However, some may find the $1,000 minimum deposit a high bar.
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Union Bank and Trust Company Money Market Account
United Bank and Trust Company offers one money market account with the added benefits of liquidity and competitive interest rates that are paid monthly. It offers a – APY on balances $10,000 and up, depending on the balance tier.
Best For
Banking in Nebraska
Mobile App
Low Monthly Fees
Loan Options
Investment Services
Min. Balance to Earn APY $0
- A $12 monthly maintenance fee applies unless you maintain a $2,000 minimum daily balance or $5,000 average daily balance each statement cycle.
- $1,000 minimum to open, as no opening deposit is required when opening an account online.
- You are allowed six withdrawal transactions per month.
Fees
No monthly service fee
APY
–
Min Opening
$0
Pros
- Check writing and debit card access
- Earns APY up to depending on the balance
- Six withdrawal transactions per month
Cons
- High minimum deposit
- Transaction limits
Quick Take
Ally is an online-only bank that features low fees and high interest rates on its deposit accounts. Because of its low overhead, it can Union Bank and Trust Company’s Money Market Account provides a secure savings option with accessible funds and tiered interest rates.
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Banking Experience
United Bank and Trust Company offers mobile banking through its comprehensive mobile app. The app allows you to view your statements, pay bills, make transfers, deposit checks and receive banking notifications wherever you are. The United Community Bank mobile app has a rating of 4.9 out of 5 stars on the App Store and 4.8 out of 5 stars on Google Play.
Customer Service
To contact United Bank and Trust Company customer service, call 1-800-297-2837. Customer Service hours are Monday through Friday, 7 a.m. to 7 p.m. CST, Saturday, 8 a.m. to 5 p.m. CST, and Sunday, 9 a.m. to 5 p.m. CST.
Comparable Bank Options
Before you open a new bank account, shop around and make sure you’re getting the best features for your personal finance goals.
SELECTED BANK
MOST COMPARABLE
MOST COMPARABLE
Fees
Fees
Fees
No monthly service fee
$0
Up to $15
APY
APY
APY
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N/A
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Min Opening
Min Opening
Min Opening
$0-$1,000
$0
$0
SELECTED BANK
MOST COMPARABLE
MOST COMPARABLE
Fees
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Fees
$0-$3
No monthly service fee
See Citi’s website for details on monthly fees.
APY
APY
APY
to
Up to
Min Opening
Min Opening
Min Opening
$0
$0
$0
SELECTED BANK
MOST COMPARABLE
MOST COMPARABLE
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Fees
Fees
No monthly service fee
No monthly service fee
No monthly service fee
APY
APY
APY
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Up to
Up to
Min Opening
Min Opening
Min Opening
$1,000
$0
$500
SELECTED BANK
MOST COMPARABLE
MOST COMPARABLE
Fees
Fees
Fees
No monthly service fee
No monthly service fee
$10, waivable
APY
APY
APY
–
Up to
Up to
Min Opening
Min Opening
Min Opening
$0
$1,000
$100
Union Bank and Trust Company vs. Truist Financial
UBTC and Truist Financial offer some of the same products and services. Truist offers retail and commercial banking, securities brokerage, asset management and insurance products. UBTC is more community-focused, while Truist offers various services across a wider geographic area.
Union Bank and Trust Company vs. Commerce Bank
Commerce Bank offers a wide range of products, including checking, savings, and money market accounts, as well as options for student banking. They also offer auto, home equity, personal and student loans. Commerce Bank is a better choice for customers because of its broader variety of services and larger network. For those who primarily want to focus on checking and savings accounts and a more personalized regional focus, United Bank and Trust Company is likely a better fit.
Union Bank and Trust Company vs. Capitol Federal Savings Bank
Capitol Federal Savings Bank offers traditional bank products but focuses heavily on residential mortgage lending. UBTC caters more to local businesses and individual banking needs. Account holders who want to prioritize mortgage services may lean toward Capitol Federal, while those seeking local banking solutions might prefer UBTC.
Final Take
UBTC offers a variety of checking and savings accounts for its customers. There are savings account options for young kids and adults that earn interest. Checking accounts cater to a variety of financial goals for different customer needs. CDs also offer competitive APYs.
United Bank and Trust Company FAQ
- What is UBTC’s daily withdrawal fee?
- UBTC doesn’t charge a fee for withdrawing money from a UBTC ATM. For transactions and balance inquiries at a non-UBTC ATM, the fee is $2.00
- What is UBTC’s minimum balance?
- UBTC requires a minimum opening deposit of $1,000 for its Simply Free Plus Checking account and $1,000 for the Value Edge Money Market account.
- Does UBTC have digital banking?
- Yes, UBTC has digital banking through mobile apps available on Androids and iPhones.
- How much is a wire fee for UBTC?
- Check with the branch for specific options for wire fees. The incoming wire transfer fee for domestic and international wires is $15 to $30. International transfers can range from $35- $50.
- How do I dispute a charge with UBTC?
- To dispute a charge, call UBTC ‘s customer service at 1-800-297-2837. You will likely need to produce written documentation of your dispute
Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.
GOBankingRates analyzed the 100 largest banks by total assets, as well as select online banks with over $800 million in assets, to determine the Best Banks of 2025. Data was sourced from June 2024 FDIC reports, along with a selection of leading neobanks. For savings and checking accounts, we chose only one product per category per institution. If an institution did not offer a given product, it was not scored.
For institutions with multiple checking accounts, we selected fee-free options or those with the lowest barrier to entry. If there were multiple fee-free checking accounts, we selected the account with the highest APY or the lower monthly fee. For institutions offering multiple savings accounts, we chose the account with the lowest monthly fee, provided it required a minimum deposit of $20,000 or less. If multiple savings accounts met these criteria, we selected the one with the highest APY.
All APYs were calculated based on the base APY being offered, achievable or both. To be deemed a “winner” in a product category (Checking, Savings, CDs, or Money Market Accounts), an institution needed more than $5 billion in total assets to demonstrate the ability to handle rising interest rates, exposure to commercial real estate and growing liquidity requirements.
To discover the Best Banks by state, GOBankingRates analyzed the top institutions (excluding online banks and neobanks) by state branch locations. To determine rankings, GOBankingRates looked at the following factors: (1) total assets as sourced from the FDIC; (2) checking product minimum deposit; (3) monthly checking fee ratio (percentage of the minimum to avoid fees compared to the monthly fee itself); (4) savings product minimum deposit; (5) savings product APY; (6) Bauer rating (out of 5 stars); (7) products/services offered (auto loans, mortgage loans, credit cards, investment services and insurance); and (8) the average mobile app rating between the Google Play (Android) and Apple stores. All factors were then scored and combined, with the lowest score being the best. Factors (1), (2) and (4) were weighed 0.5 times, factor (5) was weighed 2.5 times and factor (7) was weighed 1.5 times. All products and offerings had to be available as of Nov. 8, 2024, to be considered. Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of [date], 2024.
To qualify as one of the Best Banks in the state, the institution needed at least five branch locations in the respective state, with some exceptions for larger and/or smaller states.
Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of [date].
