Union Bank and Trust Company Review
Written by
Rudri Bhatt Patel, CFHCâ„¢
Edited by
Joe Evans
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- Union Bank & Trust Company at a Glance
- Union Bank and Trust Company Checking Account
- Union Bank and Trust Company Savings Accounts
- Union Bank and Trust Company CDs
- Union Bank and Trust Company Money Market Account
- Banking Experience
- Comparable Bank Options
- Safety and FDIC Insurance
- Who Union Bank & Trust Company Is Best For
- Final Take to GO
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 & Trust Company is a community-focused financial institution offering traditional banking services for individuals, families and businesses. The bank emphasizes local decision-making, in-branch service and long-term customer relationships rather than competing on headline deposit rates.
This review explains Union Bank & Trust Company’s account offerings, what to expect from its rates and fees and who is most likely to benefit from banking here.
Union Bank & Trust Company at a Glance
| Category | Details |
|---|---|
| Bank type | Community/regional bank |
| Branch access | Yes |
| Online banking | Yes |
| Mobile banking | Yes |
| FDIC insurance | Yes |
| Best known for | Relationship banking and local service |
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 don’t have monthly maintenance or activity fees.Â
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 depositÂ
- Simply Free Student Checking account has a $50 bonus when you meet requirementsÂ
- Simply Free Platinum earns interestÂ
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 metÂ
- Accounts for seniorsÂ
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.Â
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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. Â
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 accountsÂ
- Low or no monthly service payments
- Educational savings opportunitiesÂ
Cons
- Limited in-person locationsÂ
- Potential transaction limitsÂ
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 termsÂ
- Fixed interest rates to guarantee returns
- FDIC insuredÂ
- Competitive APYs
- The Access CD option requires a $10,000 minimum deposit but offers a guaranteed APY with penalty-free withdrawals.Â
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 competitiveÂ
Cons
- Early withdrawal penaltiesÂ
- Â 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 accessÂ
- Earns APY up to depending on the balance
- Six withdrawal transactions per month
Cons
- High minimum depositÂ
- Transaction limitsÂ
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 OptionsÂ
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
–
N/A
N/A
Min Opening
Min Opening
Min Opening
$0-$1,000
$0
$0
SELECTED BANK
MOST COMPARABLE
MOST COMPARABLE
Fees
Fees
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
Fees
Fees
Fees
No monthly service fee
No monthly service fee
No monthly service fee
APY
APY
APY
–
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 FinancialÂ
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.
Safety and FDIC Insurance
Union Bank & Trust Company is FDIC-insured.
- Deposits are insured up to applicable federal limits
- Coverage applies across eligible account types
- Customers benefit from standard federal deposit protections
Who Union Bank & Trust Company Is Best For
Best Fit
- Customers who value local branches and in-person service
- Individuals and families managing everyday banking needs
- Small businesses seeking relationship-based support
- Savers comfortable with modest interest rates
Less Ideal
- Rate-focused savers chasing top APYs
- Digital-first users seeking advanced fintech features
- Customers with large idle balances prioritizing yield over access
Final Take to GO
Union Bank & Trust Company is a solid choice for customers who want community-focused banking, local decision-making and personal service. While its deposit rates are not designed to lead the market, the bank offers stability and accessibility for everyday financial needs.
For many customers, Union Bank & Trust Company works best as a primary checking and local banking partner, with long-term savings potentially placed elsewhere for higher yields.Â
Union Bank & Trust Company FAQ
- Is Union Bank & Trust Company FDIC-insured?
- Yes. Deposits are FDIC-insured up to applicable federal limits.
- Does Union Bank & Trust Company offer high-yield savings accounts?
- Savings and money market accounts typically offer modest interest rates rather than high yields.
- Are there monthly maintenance fees?
- Some accounts may have monthly maintenance fees, often waived with qualifying balances or account activity.
- Does the bank offer online and mobile banking?
- Yes. Customers have access to standard online and mobile banking tools.
- Who should consider another option?
- Savers focused on maximizing APY or seeking advanced digital tools may prefer other account types.
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.
Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Jan. 5, 2026.
