UFB Preferred Money Market

UFB Preferred Money Market Review

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

Key Takeaways

• Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 5.02%, 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 Preferred 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 Preferred Money Market FAQ

Are money market accounts from Axos Bank federally insured?

Yes, your deposits are 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 Direct Money Market rates?

What are the fees for UFB Preferred 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 Preferred 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 Direct 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 Direct Money Market offer?

This account includes the following features:

• Check Writing - UFB Direct Money Market includes check writing privileges. This is convenient method to pay bills and transfer money from your account.
• Mobile Banking Services - UFB Direct 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.