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Insider’s experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our our partners, however, our opinions are our own. Terms apply to offers listed on this page.

How UFB Direct bank accounts compare

  • UFB Elite Savings

  • UFB Elite Money Market Account

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$10 monthly service fees (with options to waive)

Overall bank rating

Pros and cons 

UFB Direct UFB Elite Savings


Annual Percentage Yield (APY)

3.01% APY


Minimum Deposit Amount

$0

UFB Direct UFB Elite Savings


Annual Percentage Yield (APY)

3.01% APY


Minimum Deposit Amount

$0


Annual Percentage Yield (APY)

3.01% APY


Minimum Deposit Amount

$0

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You may like UFB Elite Savings if you want a straightforward account. The savings account doesn’t charge monthly service fees, and it comes with a complimentary ATM card. 

UFB Direct also pays 3.01% APY on all balances, which is much higher than the average savings account and most online high-yield savings accounts.

UFB Direct UFB Elite Money Market Account

UFB Elite Money Market Account


Annual Percentage Yield (APY)

3.01% APY


Minimum Deposit Amount

$0


Fees

$10 monthly fee (with options to waive)

UFB Direct UFB Elite Money Market Account

UFB Elite Money Market Account


Annual Percentage Yield (APY)

3.01% APY


Minimum Deposit Amount

$0


Fees

$10 monthly fee (with options to waive)


Fees

$10 monthly fee (with options to waive)


Annual Percentage Yield (APY)

3.01% APY


Minimum Deposit Amount

$0

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Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

You may favor the UFB Elite Money Market Account if you would like a bank account that includes paper checks and a debit card. However, you must maintain a $5,000 balance to avoid a $10 monthly service fee.

This account also pays 3.01% APY on all balances.

How UFB Direct works

UFB Direct is an online division of Axos Bank. UFB Direct has an online-only high-yield savings account and a money market account.

Usually, savings accounts do not come with ATMs cards. However, UFB Elite Savings comes with a complimentary ATM card, which is convenient for withdrawing money from ATMs. At other online banks, you may have to transfer money to an external bank account to withdraw money, which can take a few days to process.

The UFB Elite Money Market Account has even more access to your money through a debit card and paper checks. You’ll be able to make purchases and payments using a debit card or checks.

Customers have access to over 91,000 ATMs. To find a nearby ATM, log in to online banking and use the ATM locator tool.

Call or use live chat on weekdays from 9 a.m. to 5 p.m. PT if you need to speak with a Direct Banker.

The UFB Direct mobile app is rated 4.6 out of 5 states in the Google Play store and 4.8 out of 5 stars in the Apple store.

UFB Direct bank accounts are FDIC insured through Axos Bank. Up to $250,000 is secure in individual bank accounts, and $500,000 is protected in joint bank accounts. 

UFB Direct BBB rating and trustworthiness

We use ratings from the Better Business Bureau to see how banks respond to customer issues.

The BBB gave UFB Direct an A+ rating, and its parent company, Axos Bank, also received an A+ rating.

A good BBB rating won’t necessarily guarantee your relationship with a bank will be perfect. Reach out to current customers or read online customer reviews to see if UFB Direct could be a good match.

UFB Direct vs. Bread Savings

You might prefer UFB Direct if you are strictly looking to earn the highest interest rate on a savings account. UFB Elite Savings pays 3.01% APY, while the Bread Savings High-Yield Savings Account offers 2.90% APY. Interest rates tend to fluctuate, though, so this may change in the future.

Your decision between two online banking platforms also might ultimately depend on which types of accounts you’d like to open. UFB Direct has a high-yield savings account and a money market account. Bread Savings offers a high-yield savings account and CDs. If you’d like to get a checking account, you’ll have to consider other banks.

UFB Direct vs. Bask Bank

If you’d prefer to earn the most competitive interest rate on a savings account, UFB Direct might be a more suitable choice. The Bask Bank Interest Savings Account pays 2.75% APY. Although bear in mind rates may change in the future.

UFB Direct also may be a better option if you’d like accounts with a debit card or ATM card. Bask Bank doesn’t offer debit cards, ATM cards, or an ATM network.

Bask Bank may be a better choice if you’re a frequent traveler. The Bask Bank Mileage Savings Account stands out from most savings accounts because you can earn American Airlines AAdvantage miles on your savings. 

Frequently asked questions

The UFB Elite Savings Account pays 3.01% APY. To earn 3.01% APY, you must open an account and deposit any amount. 

UFB Direct savings and money market accounts are FDIC insured through Axos Bank. This means that your money is safe even in the rare event that the bank shuts down. Your money will be transferred to another bank account with FDIC insurance, or it will be sent to you as a check.



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