UFB Direct vs M&T Bank
UFB Direct is a safe digital bank for high APYs on personal savings and MMAs. How does it compare to M&T Bank? Read our comparison chart below.
UFB Direct specializes in online savings accounts with competitive APYs. The UFB Priority Savings has no monthly fees and comes with a complimentary ATM card, while the UFB Priority Money Market has balance requirements but offers check-writing privileges.
While M&T Bank has 690 branches serving the Upper East Coast and Florida. Offers a no-fee checking, as well as interest checking but with heavier requirements to waive service fees. Select Promo CD offers high rates for terms up to 36 months with a $1,000 minimum opening deposit.
Compare UFB Direct with M&T Bank, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
Learn More | Learn More | |
UFB Direct | M&T Bank | |
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UFB Secure Savings - Earn up to 5.25% APY - | Referral Program - Up to $500 Bonus - | |
Benefits and Features | ||
Savings | 0.01% APY. Monthly service fee of $7.50 unless you 1) maintain a minimum daily balance of $500 or more or, 2) have a personal checking account with M&T Bank or, 3) make at least one deposit in your Relationship Savings account | |
CD | 3.75% - 4.75% APY. Terms of 6 - 24 months. Minimum opening deposit $1,000. | |
Checking | ||
Money Market | ||
Mobile App | ||
ATMs | Free withdrawals at 91,000 ATMs across the nation | More than 1,800 M&T Bank ATMs in New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia and the District of Columbia. |
Customer Service | Mon - Fri 8:00 am - 9:00 pm (ET); Sat - Sun 9:00 am - 5:00 pm (ET). | |
Locations | 700 bank branches located throughout New York, New Jersey, Pennsylvania, Maryland, Washington, D.C., Virginia, West Virginia and Florida | |
CreditDonkey® Reviews | ||
Savings | ||
Money Market | ||
Mobile App | ||
Customer Service | ||
CD | ||
Checking | ||
Pros & Cons | Pros:
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Bottom Line | Safe digital bank for high APYs on personal savings and MMAs... | Upper East Coast bank with free checking option and good promo CD rates... |
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. UFB Direct: Pricing information from published website as of 03/16/2024. M&T Bank: Pricing information from published website as of 03/15/2024 based on 14203 zip code |
Which is Better: UFB Direct or M&T Bank?
Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing UFB Direct or Chase.
In short: UFB Direct's savings, money market, and mobile app are worth mentioning. In particular, the savings is outstanding.