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UFB Elite Money Market
in Money Market Accounts from Axos Bank · Member FDIC
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UFB Elite Money Market

Claimed
in Money Market Accounts from Axos Bank · Member FDIC
SuperMoney Net Recommendation Score +83  

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +83, equating to 4.7 on a 5 point rating scale.

+83

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Strongly recommended

5 users recommend
1 user is unsure
0 users don't recommend
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Highlights
Community Rating Strongly recommended
APY (Annual Percentage Yield) Up to 3.01%
(Verified 09/30/2022)
Minimum Balance to Earn APY $0
Minimum Opening Deposit $0
Number of Reviews 6

UFB Elite Money Market Review

UFB Elite Money Market is offered by Axos Bank, a bank founded in 2000 and based in San Diego, CA. UFB Elite Money Market is available in 50 states (and Washington, DC).

Key Takeaways

  • Very high APY. This account offers an annual percentage yield of up to 3.01%, which is much higher than the national average for a money market account.
  • No APY minimum balance. There is no minimum amount you have to deposit to start earning interest with this money market account.
  • Monthly maintenance fee waiver. No monthly maintenance fees with a $5,000.00 balance, otherwise fee is $10.00 per month.
  • No minimum initial deposit. There is no minimum balance required to open an account.

Pros & Cons of UFB Elite Money Market

Pros Cons
  • Available in all 50 states.
  • High-interest yield.
  • Does not offer mobile check deposits.
  • No signup bonus.
  • Does not provide a debit card.
  • Monthly service charge.

UFB Elite Money Market FAQ

Are money market accounts from Axos Bank federally insured?

Yes, this account is insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #35546). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What are the interest rates for UFB Money Market rates?

What are the fees for UFB Elite Money Market?

This account charges a monthly maintenance fee of up to $10. You can avoid this fee by maintaining a balance of $5,000.

Axos Bank will charge you a $10 fee if you exceed your maximum number of monthly transactions.

Axos Bank will allow you to make up to 6 withdrawals or transactionss per month. That is also the maximum set by federal regulations.
UFB Elite Money Market Fees
Fees Amount
Monthly Fee up to $10
Paper Statement Fee $5
Excess Transaction Fee $10

What is the minimum balance for UFB Money Market?

No minimum initial deposit. Axos Bank does not require a minimum initial deposit to open an account.

Monthly maintenance fee waiver. You can avoid the monthly fee if you keep a balance of $5,000.

What features and perks does UFB Money Market offer?

This account includes the following features:

  • Check Writing - UFB Money Market includes check writing privileges. This is convenient method to pay bills and transfer money from your account.
  • Mobile Banking Services - UFB Money Market allows you to manage your money through online banking and a dedicated mobile app.

What is the customer service phone number?

The customer service number for this business card is .

What is the support contact email?

The support contact email for this business credit card is contactaxos@axosfs.com.

How do people rate the customer service and user experience?

Overall, this business credit card is strongly recommended based on community reviews that rate customer service and user experience.

How to open an account with Axos Bank

  • Visit the Axos Bank website.
  • Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
  • Check the information is accurate and submit your application.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

Minimum Balance to Avoid Monthly Fee Starting at $5,000
Minimum Balance to Earn APY $0
Minimum Opening Deposit $0
Monthly Fee $0 - $10
Monthly Maintenance Waiver Requirements No monthly maintenance fees with a $5,000.00 balance, otherwise fee is $10.00 per month.
NSF Fee $0
Paper Statement Fee $5
Account Features
  • Free Bill Pay
  • Interest Bearing Account
  • Mobile Banking
  • Member FDIC
  • Check Writing
APY (Annual Percentage Yield) Up to 3.01%
(Verified 09/30/2022)
Dividend Compounding Frequency Daily

UFB Elite Money Market Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +83, equating to 4.7 on a 5 point rating scale.

+83

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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