UFB Direct

Deposits held and insured by Axos Bank

Overview / Commentary
877-472-9200
4350 La Jolla Village Drive,
San Diego, CA 92122
Deposits held and insured by Axos 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 MM & Savings APY Increased To 4.21% - 1/20/2023

UFB Direct Best MM & Best Savings APY increased to 4.21%.

$100 UFB DIRECT SAVINGS BONUS - 1/20/2023

The deal may be garbage, I don't think i've seen it on this site. Here is the link: https://bankbonus.com/promotions/ufb-direct/savings-100-bonus-exclusive/

High Apys And Transfer Limits - 12/31/2022

This is how the banks are able to offer higher than usual APYs. They will limit transfers and make it harder for you to get money out. They make money buying the spreads on treasury bills. T-bills come in durations of 4weeks minimum, so as long as they hold your cash longer than that, they win. No free lunches, fam. You’re getting the schtick one way or the other.

View all posts from:

1/25/19 - UFB Direct Premium Money Market Offers 2.45% APY
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

Reviews (113)

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.

Nerve Wracking

Posted by: |

My opening account was the "Elite" savings account. I funded the account with the impression the rate was the 4%. Come to find out the 4% is with the "Best" savings account. I opened a new "Best" account so I could transfer the funds for the higher rate. I received the email stating my new account was approved click to log in. So I click to log in and it only shows my "Elite" account. Long story short, I ended up opening 2 "Best" accounts because nowhere did I read it can take up to 24hrs for a new account to show on the app dashboard. I still can't believe the virtual assistant answered my question. I'm holding my money with UFB only because the money is already there and from what I've read it can be a pain to transfer funds out plus I think there may be a transfer charge of 35$. When I do leave I will be calling to close the account so I can get a paper check in the mail. I never received my debit card either for the "Elite" account. I can confirm long transfer times when funding an account. The funds disappear the next day from my other bank but then are lost in limbo in some other dimension for 7 days. Nothing shows as "pending" in a USB account. You only know your originating account shows the funds are gone and you have only received an email from USB confirming an initiated transfer. Scary when both accounts show the money doesn't exist. You just have to embrace the suck and have blind faith that the amount will magically appear in your account somewhere between 1 to 2 weeks after you initiated the transfer. No. You do not collect interest when funds are lost in space.

Existing Customers Get Shafted

Posted by: |

Beware of attractive rates if you're an existing customer! When the rate goes up (in line with recent trends), they require that your account be updated to the latest and greatest new account type, and they won't do this automatically. You have to check the rate and request the account change, otherwise you'll keep getting the existing lower rate on your account. Great way to treat long-term customers!

Worst On-Line Savings Banking Experience EVER!

Posted by: |

I hope this can help someone else from making the same mistake I did!!!
I can't believe this company is rated so high n a lot of sites. They have the worst interface. It makes no sense and is contently getting errors.
My initial funding was an electronic transfer that took 9 days for them to receive. It never showed up as a "Scheduled Transfer" in their system, so I had no idea it actually went through until 9 days later.
Customer service is NON existent. Took them 8 days to answer my message, just to tell me that they have a problem and are working on it.
STAY FAR AWAY from this savings account!!

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Health
A

Data as of Q2 2022

Data displayed below is for insuring bank: Axos 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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* 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
4.21%--UFB Best Savings

UFB Direct Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.21%--UFB Best 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.