Open an AccountUFB Direct
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Most Popular UFB Direct Account
| Account Type | APY | Account Name | Min | Max | |
|---|---|---|---|---|---|
| Savings | 1.30% | UFB Premium Savings | $25k | - | Details » |
UFB Direct, a DepositAccounts.com advertiser, serves customers nationwide who are looking for a way to get higher savings rates and lower fees on FDIC insured products by leveraging their Efficient Banking Platform ™. Skip the long lines at the branch, skip the traffic, do all of your banking by Internet, by telephone, and by mail – it saves the Bank money and those savings are passed on to you. In the end, you get one of the highest savings rates in the country, lower fees, better benefits, and you never have to go into a branch again!
Related Posts
3/16 - UFB Direct Cuts Savings Account Rate To 0.95%
3/2 - UFB Direct Cuts Top Savings Account Rate
4/26/13 - UFB Direct Slashes Rates - What’s Going On at BofI Federal?
4/24/13 - Rate Drop At UFB Direct
11/20/12 - Another UFB Direct MMA Rate Cut - Future of BofI's Rewards Checking?
10/31/12 - Another Rate Cut at UFB Direct - Issues To Consider for Rate Chasers
10/10/12 - UFB Direct Money Market Rate Droped To %1.05
9/5/12 - UFB Direct Cuts Money Market Rate - Best Option for Savers?
9/4/12 - MM Rate Slashed At UFB effective 09/04/2012
8/6/12 - Another Money Market Rate Hike at UFB Direct
6/26/12 - UFB Direct Raises Money Market Account Rate
5/30/12 - UFB Direct Launches Money Market Savings Account with a Top Rate
2/28/12 - Another Rate Cut At UFB Direct - 0.85% To 0.80%
2/23/12 - Another Rate Cut at UFB Direct - Lessons for Rate Chasers?
2/13/12 - UFB Savings Droped Yet Again From 0.95% Down To 0.90%. Switching To Mybankingdirect Or Amtrustdirect.
2/7/12 - UFB Airline Rewards Savings Droped Again From 1.05% Down To 0.95%.
2/1/12 - UFB Direct Savings Account Yield Falls From 1.10% To 1.05%
1/18/12 - Rate Cut at UFB Direct - Savings Account Strategies in Today's Environment?
1/18/12 - UFB Direct Rate Drop From 1.30 To 1.10
12/1/11 - Verifying Your Internet Bank Deposits are FDIC Insured
9/16/11 - Nation's Top Savings Account Rate at Bank of Internet's UFB Direct
8/4/11 - Bank of Internet's New Airline Miles Rewards Savings & Checking Accounts
1/9/10 - UFB Direct's New 2% US Savings Account - How Long Will This Last?
6/22/09 - UFB Direct's No-Min Absolute Savings Account Still Holding at 5.31%
2/22/09 - UFB Direct Increases Yield on its Traveler's Savings Account to 4.00%
11/30/07 - UFB Direct Deposits FDIC Insured by Huntington and Countrywide
7/12/07 - UFB Direct's New Absolute Savings Account Now 5.31% on All Tiers
6/27/07 - UFB Direct Closes No-Min Savings and Starts New Tiered Savings Account
12/7/06 - UFB Direct: The Top No-Min Savings Account at 5.32%
9/16/06 - UFB Direct: the Top Low-Min Savings Account at 5.27%
8/15/06 - UFB Direct's No-Min Savings Account Now 5.26%
8/9/06 - CD Rates Go Down Again This Week at UFB Direct
8/1/06 - UFB Direct, Jumbo Money Market Rate Up But CD Rates Down
7/7/06 - 5.30% 3-Month CD, 5.13% Jumbo Money Market at UFB Direct
6/21/06 - 5.50% 1-year CDs Now at UFB Direct, M&T and Tranportation Alliance Banks
6/7/06 - UFB Direct Raises Money Market Account to 5% ($50K+)
5/4/06 - 5.00% 3-Month CD at UFB Direct
4/12/06 - UFB Direct's 5% Money Market Promo
4/4/06 - UFB Direct's Savings Account Rate Back Up at 4.40%
2/28/06 - UFB Direct No-Min Savings Account: 4.50%, Jumbo: 4.73%
2/16/06 - UFB Direct's No-Minimum Savings Now 4.30%
2/10/06 - UFB Direct 4.60% Jumbo Money Market Account
1/2/06 - UFB Direct Raisies Money Market Rates
11/2/05 - New CapOne/Costco and UFB Direct Money Market Rates
8/22/05 - The Deal at UFB Direct
Great online savings account...
UFB Bank has a great online savings account. The rate was so much higher than I could find anywhere else, especially local banks. Opening the account was very easy and only took a few minutes. Once the account was open it was easy to transfer money into the account via ACH. The website itself was very nice and was extremely easy to use. It had all the necessary information easily at hand and kept a record of your transactions along with all your old statements. Given that this bank is FDIC insured is a great peace of mind because that means at least 250,000 dollars is insured by the FDIC. If for any reason this bank was to go out of business the FDIC would step in and insure that depositors would get all their money back. I recommend UFB wholeheartedly.
Easy To Open - UPDATED
Just finished opening a UFB Premium Savings account The bank requires 50K balance for 1.30%, less than that and you get a rate under 1%.The online app was easy and I was instantly approved. I spoke with a customer service rep before opening the account who assured me that this was not a promotional or teaser rate, for whatever that's worth. UFB is a division of "Bank of Internet USA" based out of San Diego with a "A" rating. Upon reading the disclosure it looks like they only credit interest at the end of each monthly cycle and if you close before the end you forfeit any interest. Good to know. Also the rep told me that there is a 2K daily ACH withdrawal limit and 5K per month limit for new accounts. He said you could bypass this by initiating the push or pull from a external bank. The reps seem knowledgeable and answered the phone. One even returned my call twice. The online interface is not as streamlined when compared to Ally, or GS bank, but seems adequate. I just opened the account and am waiting for the initial funding. We will se how it goes, but so far so good.
UPDATE
I have had my account open for a couple weeks now and the experience has been good. I had to push money from my external account, but it was not a problem. The website is fairly intuitive once you spend a little time with it. I recommend UFB.
Watch OUT!
A little over a year ago this bank dangled an interest rate of 1.25%. Within months the interest rate plummeted by .85%, dropping to .40%. Online I easily opened a UFB Direct savings account, but naturally after a few months I left very little in it and then finally closed it. I was told by customer service that I could not set up through UFB Direct ACH transfers so I simply set up these "in & out" ACH transfers to originate from my other banks (trial deposits went smoothly). When logging in the site often demanded a verification code which it offered to send by email or text. Unusual, but not too much work. As long as the savings account balance was over $25,000 the entire balance enjoyed the highest interest rate. When the time comes to close the account you must give UFB Direct notice beforehand, or else you forfeit any outstanding interest. I emptied the account to zero after the end of the month prior to closing it (therefore successfully transferring out all the interest) because it's unclear what that process necessitated. For some odd reason I was required to print, sign, scan, and return a signature card despite not having a checking account. You're responsible for ATM fees using an ATM card linked to the savings account, but you're reimbursed for any ATM fees while using a debit card linked to the checking account. A smart phone app is available for mobile banking including depositing checks and paying bills from a checking account.
Dismal Communication
Do not do business with this bank.
Customer service is awful as is there treatment of potential new customers.
Data as of Q1 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 35546 |
| Year Established | 2000 |
| Employees | 643 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 2.1% |
| Return on Equity - YTD | 23.66% |
| Annual Interest Income | $109.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2017vs Q1 2016 | $8.69B$7.70B |
| Loans | Q1 2017vs Q1 2016 | $7.04B$6.14B |
| Deposits | Q1 2017vs Q1 2016 | $6.88B$6.13B |
| Equity Capital | Q1 2017vs Q1 2016 | $769.3MM$625.5MM |
| Loan Loss Allowance | Q1 2017vs Q1 2016 | $46.0MM$36.9MM |
| Unbacked Noncurrent Loans | Q1 2017vs Q1 2016 | $33.3MM$24.0MM |
| Real Estate Owned | Q1 2017vs Q1 2016 | $908.00K$207.00K |
This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.
Saving Account Up To 1.3% APY
Elevate Your Savings Rate with UFB Premium Savings
Get the most out your money by earning our top rate when you open a new UFB Premium Savings Account and maintain a balance of $50,000 or more.
I spoke to them yesterday and you can convert and existing savings account with $50K in new funds.
Always verify rates and promotions with the bank or credit union. We are not UFB Direct; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
UFB Direct Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.30%* | $25k* | - | UFB Premium Savings | ||
| OTHER TIERS: 0.20% → Up to $25k | |||||
| 1.00%* | $25k* | - | UFB Savings | ||
| OTHER TIERS: 0.20% → Up to $25k | |||||
UFB Direct Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.20% | - | - | Money Market Savings |
UFB Direct is an Internet only bank and does not have branch locations. Its headquarters is located at 4350 La Jolla Village Drive, - San Diego, CA 92122