UFB Direct Premium Money Market Review

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

Are money market accounts from Axos Bank federally insured?

Yes, your Axos Bank money market accounts 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 UFB Direct Premium Money Market rates?

UFB Direct Premium Money Market offers an APY starting at 0.5% and ranging up to 1.51% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $1.

UFB Direct Premium Money Market Rates and Terms

Rates	Amount
APY (Annualized Percentage Yield)	0.5% - 1.51%

What are the UFB Direct Premium Money Market fees?

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 transactions per month. That is also the maximum set by federal regulations for money market accounts.

UFB Direct Premium 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 Premium Money Market?

Minimum initial deposit of $5,000. You must make an initial deposit of at least $5,000 to open this account.

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

Interest rate minimum balance of $1. You must keep the account balance above $1 to earn interest.

What features and perks does UFB Direct Premium Money Market offer?

This account includes the following features:

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

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.