UFB Direct: The Top No-Min Savings Account at 5.32%
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ON BY Ken Tumin
UFB Direct appears intent to remain the rate leader for a no-minimum savings account. Yesterday they raised the rate of their High Yield Money Market Savings Account from 5.28% to 5.32% APY. This just beats out newcomer, iGobanking.com which launched its no-min online savings account last week with a rate of 5.30% APY (see post). For more info on UFB Direct and this savings account, please refer to this previous post. I hope more online banks will want to compete for this title.