UFB Direct Savings vs Money Market
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UFB Direct offers high APYs on savings and money market accounts. Find out which one suits your financial needs best. Get a higher rate today.
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UFB Direct is an online bank that specializes in high-yield savings accounts. They currently have two accounts that seem very similar, so what's the difference?
Good thing we looked into it for you.
In this article, we'll compare the UFB Direct's Money Market and Savings accounts. Read on to find out which account better fits your needs.
CIT Bank Platinum Savings - 4.10% APY Boost
| Tier | Boost APY |
|---|---|
| Balance over $5,000 | 4.10%* |
| Balance less than $5,000 | 0.60%* |
After boost is completed, you will continue to earn our best standard rates:
| Tier | APY |
|---|---|
| Balance over $5,000 | 3.75%1 |
| Balance less than $5,000 | 0.25%1 |
- Needs to use promo code to qualify: CITBoost
- Boost lasts 6 months over standard APY
- Tiered account
- $100 minimum account opening
- Member FDIC
- No Monthly Service fees
- No account opening fees
UFB Direct Savings vs Money Market
UFB Direct offers 2 types of savings accounts. Check out what both accounts have to offer:
- UFB Savings: Earn up to 3.26% APY on any account balance. It has no monthly service fee, no balance requirements, and no minimum deposit. It even comes with a free ATM card. However, you must fund the account within 30 days of opening it or else it will be closed. Find out more
- UFB Money Market: Earn up to 3.26% APY on any account balance. The main difference is that it's $5,000 to open, and you need a $5,000 balance to waive the monthly fee.[1] However, this account offers check-writing privileges. Find out more.
Both accounts offer 24/7 online banking, SMS banking, and mobile check deposits.
UFB Portfolio Savings - Earn up to 3.26% APY | UFB Portfolio Money Market - Earn up to 3.26% APY | |
|---|---|---|
UFB Portfolio Savings - Earn up to 3.26% APY - | UFB Portfolio Money Market - Earn up to 3.26% APY - | |
| Monthly Fee | No monthly maintenance fees with a $5,000.00 balance, otherwise fee is $10.00 per month. | |
| APY | ||
| Balance Requirement | $5,000 balance to waive the monthly fee |
Both accounts have their pros and cons. Learn about them below.
UFB Savings Account Pros and Cons
Pros:
- Up to 3.26% APY
- Complimentary ATM card
- No minimum deposit
- No maintenance fees
- All balances get the highest APY
- Daily compounding interest
Cons:
- No check writing
UFB Money Market Account Pros and Cons
Pros:
- Up to 3.26% APY
- Check-writing privileges
- All balances get the highest APY
- Daily compounding interest
Cons:
- $10 monthly fee if balance falls below $5,000
- $5,000 minimum deposit
Learn more about UFB Money Market
Which is the best account for me?
Both the UFB Direct money market and savings accounts offer a high APY. The big difference is really the monthly maintenance fees and ATM card or check-writing privileges.
If you prefer to have a card for easy withdrawals, then it's best to use the UFB Savings Account.
The UFB Money Market is good for you if you want to write checks from the account. But it's best if you can maintain $5,000 in your account. Otherwise, you have to pay a $10 monthly fee, and that'll eat into any interest you earn.
Is UFB Direct Legit?
Yes, UFB Direct is a division of Axos Bank. All deposit accounts are offered and FDIC insured through Axos Bank (FDIC #35546, insured since 7/4/2000). Your combined deposits at Axos Bank and UFB Direct are protected up to the FDIC maximum of $250k for individual or $500k for joint.
- CIT Bank Platinum Savings:
4.10% APY Boost - Live Oak Bank:
Personal Savings - Earn 3.80% APY - Western Alliance Bank:
High-Yield Savings Premier - 3.80% APY - Quontic:
High Yield Savings - 3.20% APY
Bottom Line
UFB Direct is a great choice to consider if you're looking for a savings account. Both the UFB Money Market and Savings accounts offer a high APY to grow your money.
Since the accounts are similar, you really just need to zoom into the specifics of what you need in an account. Just keep in mind that the Money Market account has more requirements.
References
- ^ UFB Direct. Deposit Account Agreement & Schedule of Fees, Retrieved 5/07/2026
CIT Bank Platinum Savings - 4.10% APY Boost
| Tier | Boost APY |
|---|---|
| Balance over $5,000 | 4.10%* |
| Balance less than $5,000 | 0.60%* |
After boost is completed, you will continue to earn our best standard rates:
| Tier | APY |
|---|---|
| Balance over $5,000 | 3.75%1 |
| Balance less than $5,000 | 0.25%1 |
- Needs to use promo code to qualify: CITBoost
- Boost lasts 6 months over standard APY
- Tiered account
- $100 minimum account opening
- Member FDIC
- No Monthly Service fees
- No account opening fees
Bank of America Advantage Plus Banking® - Up to $500 Bonus Offer
- New checking customers only: Get a bonus offer up to $500 after completing qualifying transactions. See offer page for more details
- Bank of America N.A. Member FDIC.
Chase Total Checking® - $400 Bonus
- New Chase checking customers can receive $400 when you open a Chase Total Checking® account and make direct deposits totaling $1,000 or more within 90 days of coupon enrollment.
- Unlock more offers with Chase. Get up to $500 per calendar year by referring friends and family. Plus, get cash back from top brands with Chase Offers when you use your debit card.
- Chase Total Checking® has a $15 monthly service fee, you can easily avoid the fee with direct deposits totaling $500 or more, or a minimum average daily balance each statement period.
- Chase Overdraft Assist℠ – no overdraft fees if you're overdrawn by $50 or less at the end of the business day or if you're overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*
- Chase Mobile® app makes banking simple. Manage accounts, pay bills, send money to friends with Zelle® and deposit checks on the go with Chase Quick Deposit℠.
- Chase has the largest branch network in the U.S. with thousands of ATMs and branches. Use the Chase locator tool to find a branch or ATM near you.
- Chase helps keep your money protected with features like Zero Liability Protection, fraud monitoring and card lock.
- Chase Total Checking includes FDIC insurance up to the maximum amount allowed by law.
No-Fee Business Checking
- $0 monthly service fee
- $0 minimum opening deposit
- Open up to 20 individual business checking accounts
- Earn up to 3.00% APY with automated savings
- Issue up to 50 Visa® debit cards to your team
Free Checking Account for Small Business Owners
- Sign up in 3 minutes; no credit check
- No account fees - $0 monthly fee, overdraft fee, foreign transaction fee, or ATM fees at approximately 40,000 locations
- Automatic Savings
- Get paid up to 2 days early
- Savings with up to 4.00% APY
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Note: This website is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content. You do not have to use our links, but you help support CreditDonkey if you do.
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