UFB Direct Review: Premier Online Savings with Competitive APYs

Rickie C. Keys, Ph.D., MPH

17 Mar 2024 — 1 min read

UFB Direct, a digital-first division of Axos Bank, offers high-yield savings and money market accounts with competitive rates, catering to savvy online bankers seeking robust returns on their deposits.

Features:

High APY: Savings and money market accounts boast a substantial 5.25% APY, applicable across all balance tiers.
No Monthly Fees on Savings: The Secure Savings account is free of monthly maintenance fees, enhancing its yield potential.
Accessible Money Market Account: Offers the flexibility of check writing with a $5,000 balance to avoid monthly fees.
24/7 Customer Support: Ensures help is always available, complemented by highly rated mobile apps for banking on the go.

Benefits:

Maximized Earnings: One of the highest APYs available, ensuring your savings grow faster.
Digital Efficiency: Online-focused banking eliminates the hassle of branch visits, offering convenience and speed.
Flexible Account Management: The money market account adds utility with check-writing capabilities, which is ideal for those needing liquidity with high interest.
Reliable Customer Service: Round-the-clock access to customer support provides peace of mind for digital banking users.

Product Summary:

UFB Direct distinguishes itself in online banking with exceptionally high interest rates on savings and money market accounts, appealing to those prioritizing earnings on their deposits. While the high-yield money market account has a monthly fee, it's easily waived with a reasonable balance, making it a viable option for substantial savers. Despite recent customer feedback regarding service delays and communication, UFB Direct's commitment to competitive rates and fee-free savings options positions it as a leading choice for customers seeking the best of online banking’s efficiency and profitability. Ideal for users comfortable with managing their finances digitally and looking to maximize their savings growth without traditional bank constraints.

Apply Now!

Insurance: Protecting Your Financial Future

Introduction Insurance is essential for protecting yourself and your family from unexpected financial burdens. This blog post will guide you through understanding different types of insurance and choosing the right policies and strategies to manage insurance costs effectively. By the end, you’ll have the knowledge to secure your financial

Identity Theft: Safeguarding Your Financial Future

Introduction Identity theft is a growing concern in our digital age, and protecting your personal information is essential to safeguarding your financial future. This blog post will guide you through best practices for protecting your identity, monitoring for identity theft, and recovering if your identity is stolen. By the end,

Home Ownership: A Journey to Financial Security

Introduction Owning a home is a significant financial milestone and a key component of financial security. This blog post will guide you through home-buying, managing home expenses, and exploring real estate investment opportunities. By the end, you’ll have the knowledge to make informed decisions about home ownership and build

Creating Wealth: Strategies for Long-Term Financial Success

Introduction Building wealth involves making informed investment decisions and understanding the long-term strategies that can lead to financial success. This blog post will guide you through different types of investments, the importance of risk and diversification, and key strategies for creating wealth. By the end, you’ll have the knowledge