United Fidelity Bank
United Fidelity Bank Reviews
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If you don't invest the specified tiered amount of money, you will not receive the widely advertised rate but much less. It's too late now; all I can do now is try to be thankful I only took out a 6-month CD. If I broke it now, I would be penalized x number of months' interest that I have yet to earn, meaning I would recoup less money than I started with.
Scammy advertising. I followed one of the commercial finance websites and was directed to this deceptive CD promotion. This bank promotes a 6-month CD with a supposed 4.50% rate IF AND ONLY IF you invest in a tier that is hidden in the fine print. These CDs come with tiered rates. My account information says I purchased a 6-month CD for $47,600 with a 4.5% rate, which I suppose is true enough. Yet, I did not invest the tiered amount where I would actually receive the advertised rate, but instead, I received an unacceptably lower rate. Totally unacceptable.
If you don't invest the specified tiered amount of money, you will not receive the widely advertised rate but much less. It's too late now; all I can do now is try to be thankful I only took out a 6-month CD. If I broke it now, I would be penalized a number of months' interest that I have yet to earn, meaning I would recoup less money than I started with.
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United Fidelity Bank Q&A(10 questions)
Get answers to your questions about United Fidelity Bank below. Editorial and user-generated content is not provided, reviewed or endorsed by any company. Please keep in mind that it is not a financial institution’s responsibility to ensure all posts and questions are answered.
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Are United Fidelity Bank CDs any good?
Yes, a United Fidelity Bank CD could be a good option, especially if you prefer online access to your account. It offers a wide range of terms from six months to five years, an APY of 4.10% - 4.20%, and is insured by the Federal Deposit Insurance Corporation (FDIC).
However, there are a few drawbacks to consider: United Fidelity Bank has limited branch locations, primarily serving Indiana and Illinois, with additional branches in Colorado, Arizona, and Florida. It also requires a minimum opening deposit of $1,000.
It's important to note that these features may change without prior notice. For the most up-to-date information, visit United Fidelity Bank's website or contact its customer service at (800) 280-8280.
You can check the best CD rates available for you to make sure that whatever decision you go for really fits your goals.
Is United Fidelity Bank affiliated with United Bank?
No, United Fidelity Bank is not affiliated with United Bank.
Both banks operate independently, with their own leadership and services. United Fidelity is based in Evansville, Indiana, while United Bank is headquartered in Charleston, West Virginia, and operates over 240 branches across eight states: Virginia, West Virginia, Maryland, North Carolina, Ohio, Pennsylvania, South Carolina, and Washington, D.C.
For the most up-to-date information, refer to both banks' websites or contact their customer service. You can check the...
What are the requirements for opening a CD with United Fidelity Bank?
The requirements for opening a United Fidelity Bank CD include a minimum deposit of $1,000 and providing personal information such as your name, date of birth, and Social Security number. You can open a United Fidelity Bank CD online or in person at a branch.
For the most up-to-date information, visit United Fidelity Bank's website or contact their customer service at (800) 280-8280.
You can check the best CD rates available to ensure that whatever decision you go for really fits your...
What is the United Fidelity Bank CD early withdrawal penalty?
United Fidelity Bank does not publicly disclose the early withdrawal penalty for its United Fidelity Bank CD.
For the most up-to-date information, visit United Fidelity Bank's website or contact their customer service by phone at (800) 280-8280.
You can check the best CD rates available to ensure that whatever decision you make really fits your goals.
How many CDs can I open with United Fidelity Bank at one time?
United Fidelity Bank does not publicly limit the number of Certificates of Deposit (CDs) you can open at one time. As long as you meet the $1,000 minimum deposit requirement, you can open multiple CDs simultaneously.
You can open a United Fidelity Bank CD online. For the most up-to-date information, visit United Fidelity Bank's website or contact customer service at (855) 633-8832.
You can check the best CD rates available to ensure that whatever decision you make really...
What is your safety ratings for investments?
If we are still discussing United Fidelity you run the risk of being tricked into much lower interest rates than the bank widely advertises.
If the above is an indicator of you failing victim to their scammy advertising I wouldn't exactly call this “safety”. But don't get me wrong UFB is FDIC insured so on that DP you can rest assured that your money is insured by the government so on that count you...
Is United Fidelity Bank a safe bank?
Yes, United Fidelity Bank is a safe bank. United Fidelity Bank is a member of the Federal Deposit Insurance Corporation (FDIC), which means that your deposits are protected up to $250,000 per depositor for each qualifying account ownership category. This coverage includes checking, savings, money market, and CDs.
United Fidelity Bank's insurance coverage starts automatically as soon as you open an account with them. It's important to note that FDIC insurance covers traditional deposit accounts and does not insure investment...
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