5.30% 3-Month CD, 5.13% Jumbo Money Market at UFB Direct

UFB Direct this week increased the rates on all of its CD terms. The largest gain was on the 3-month CD which increased from 5.10% to 5.30% APY. The longer terms increased by 0.10%. The current yield of the 6-month CD and the 12-month and longer CDs are 5.55% and 5.65% APY. These certificates have a $8K minimum deposit requirement.

UFB Direct also increased the yield of its Jumbo Money Market Account from 5.01% to 5.13% APY. This account requires $50K minimum balance to earn interest. The rate of the no-minimum high yield money market savings account remains at 4.50% APY where it has been since early June.

For more info on UFB Direct, refer to this previous post.