UFB Direct

Deposits held and insured by BofI Federal Bank

Overview / Commentary
877-472-9200
4350 La Jolla Village Drive,
San Diego, CA 92122
Deposits held and insured by BofI Federal Bank

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

UFB Direct Unveils Rewards Money Market and Rewards Savings Account - 8/16/2022

UFB Direct (online division of Axos Bank) has unveiled the UFB Rewards Money Market Account and UFB Rewards Savings Account with competitive rates.

UFB Direct Ups Money Market And Savings Account Rates To 2.21% APY - 8/11/2022

Well, the credit for this one goes to my wife. Tonight, out of the blue, she asked me "What about the UFB 2.21% offers?" I replied "Huh, what are you talking about?" Well, she was right on. UFB Direct increased the rates on their Money Market and Savings accounts from 1.81% APY to 2.21% APY. Also, interestingly, they brand the two accounts as UFB Rewards Money Market and UFB Rewards Savings. I have no idea if the word "Rewards" is new or what "Rewards" are offered. But, I thought I would share this as it is a very competitive rate....and my wife told me "tell those people on that web site that I found this." https://www.ufbdirect.com/Savings

UFB Direct Boosts MMA and Savings Rates For Third Time In 4 Weeks - 7/15/2022

UFB Direct (online division of Axos Bank) has boosted the UFB Money Market Account and the UFB Savings Account rates to near-rate leader levels.

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1/24/18 - UFB Direct Adds New High Yield Money Market
1/24/18 - UFB Paying 1.6% On Premium Savings & High Yield Money Market. But You Have To Ask,
1/3/18 - UFB Will Give 1.41% APY On Premium Savings Accounts If You Ask.
9/12/17 - UFB Direct Boosts Money Market Savings
9/7/17 - UFB Direct Raises Money Market Savings Rate To 1.41% APY
6/5/17 - Saving Account Up To 1.3% APY
5/3/17 - UFB Direct Adds New Premium Savings Account
1/29/16 - UFB Direct Dramatically Raises Rate On UFB Savings Account
1/29/16 - UFB Direct Savings 1.20%
5/20/15 - UFB Direct Cuts Savings Account Rate To 0.70%
3/16/15 - UFB Direct Cuts Savings Account Rate To 0.95%
3/2/15 - UFB Direct Cuts Top Savings Account Rate
10/9/14 - New High Savings Account Rate at UFB Direct
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
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
6/27/07 - UFB Direct Closes No-Min Savings and Starts New Tiered Savings Account
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
6/21/06 - 5.50% 1-year CDs Now at UFB Direct, M&T and Tranportation Alliance Banks
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...

Posted by: |

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.

UFB Direct Doesn't Always Pass Along Rate Increases

Posted by: |

Interest rates on savings accounts have been rising rapidly over the past few months. UFB (Axos) recently increased their rate and explained to me that I don't get the rate increase because these higher rates are for "new accounts." They made no offer to move my funds to a new account or match that rate. I called back and a rep moved my funds to the new, higher interest account. Yesterday, they passed along their new rate to my account. Except for the one stinker, the customer service reps have been very good.

Thanks.... But No Thanks.

Posted by: |

I had a account with UFB a couple years ago. They were always a little difficult to deal with but had good rates. I could usually call and they would raise transfer limits immediately. I stopped using the account when rates fell and they closed it. They called me a couple days ago to entice me to reopen the account with their new rates under Axos ownership. I took the bait. They told me this and that and the people working there seem nice but unfortunately come across very amateurish and not well-informed. They would not raise the ACH limits enough to accomodate a inbound transfer, even though I was told it wouldn't be a problem.. They wanted me to do a wire transfer instead. When I tried to link them to a external bank account to push funds, the other bank said they were having a problem linking to Axos. If it's this hard to get money in, I can only imagine how hard it must be to get money out. No thanks...life is too short to jump through these hoops to make a deposit. There are plenty of other banks easier to deal with.

Warning- They Freeze Your Account If You Transfer In A Large Amount

Posted by: |

I just opened an account and transferred in most of my savings. Then as soon as the funds showed "available" 4 days later, UFB froze my account and will not let me access funds or even withdraw 5 dollars unless I send a photo of myself holding my drivers license and a utility bill with my adress from the past 30 days. They are refusing to even let me speak with a supervisor. I have banked with many institutions over the past 40 years and never encountered anything like this. So please be very very careful.

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Health
A

Data as of Q2 2022

Data displayed below is for insuring bank: BofI Federal Bank
Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #35546
Year Established2000
Employees1095
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.71%
Return on Equity - YTD16.8%
Annual Interest Income$347.0MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$16.00B$12.75B
LoansQ2 2022vs Q2 2021$14.08B$11.42B
DepositsQ2 2022vs Q2 2021$14.08B$10.96B
Equity CapitalQ2 2022vs Q2 2021$1.63B$1.30B
Loan Loss AllowanceQ2 2022vs Q2 2021$148.4MM$132.8MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$118.3MM$141.4MM
Real Estate OwnedQ2 2022vs Q2 2021$0$6.1MM
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.61%--UFB Rewards Savings

UFB Direct Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.61%--UFB Rewards Money Market
Locations

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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.