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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.

 UFB Direct
Member FDIC
 Learn MoreLearn More
 

UFB Direct

M&T Bank

SPECIAL OFFER
UFB Secure Savings - Earn up to 5.25% APY - Learn More

Read UFB Direct Review

SPECIAL OFFER
Referral Program - Up to $500 Bonus - Learn More

Read M&T Bank Review

 

Benefits and Features

Savings
Up to 5.25% APY
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
N/A
3.75% - 4.75% APY. Terms of 6 - 24 months. Minimum opening deposit $1,000.
Checking
N/A
 
Money Market
Up to 5.25% APY
 
Mobile App
iOS & Android
 
ATMsFree withdrawals at 91,000 ATMs across the nationMore 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 am - 5 pm PT
Mon - Fri 8:00 am - 9:00 pm (ET); Sat - Sun 9:00 am - 5:00 pm (ET).
Locations
Online only
700 bank branches located throughout New York, New Jersey, Pennsylvania, Maryland, Washington, D.C., Virginia, West Virginia and Florida
 

CreditDonkey® Reviews

 UFB Direct
SavingsStarStarStarStarStarStarStarStarEmpty StarEmpty Star
Money MarketStarStarStarStarEmpty StarStarStarStarEmpty StarEmpty Star
Mobile AppStarStarStarStarHalf StarStarStarStarHalf StarEmpty Star
Customer ServiceStarStarStarHalf StarEmpty StarStarStarStarStarEmpty Star
CDStarStarStarEmpty StarEmpty Star
CheckingStarStarStarStarEmpty Star
Pros & ConsPros:
  • Competitive APYs
  • Easy online banking
Cons:
  • Limited transactions
  • No physical locations
Pros:
  • Free checking option
  • High APY for Promo CD
  • Free savings with checking
Cons:
  • Fee heavy
  • Subpar savings APY
  • Limited branches
Bottom LineSafe digital bank for high APYs on personal savings and MMAs... Read full reviewUpper East Coast bank with free checking option and good promo CD rates... Read full review

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.


Articles on UFB Direct

UFB Direct Review

UFB Direct offers high interest rates. But is it a safe choice? Find out in this review.

UFB Direct Savings vs Money Market

UFB Direct offers high APYs on savings and money market accounts. Find out which one suits your financial needs best.

Articles on M&T Bank

M&T Bank Review

If you are on the upper East Coast, you probably see M&T Bank frequently. With a free checking option and a range of deposit accounts, does it meet your needs?

Which Do You Think is Best?





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