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).

• Very high APY. This account offers an annual percentage yield of up to 0.2%, 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 earn interest with this money market account. You will earn the 0.2% rate regardless of your balance.
• Charges a monthly fee. This account charges a monthly service fee of up to $10, but the fee is waived if you keep a minimum balance of $5,000.
• High minumum deposit. You must deposit a minimum of $5,000, which is high compared to most money market accounts.

Pros	Cons
Available in all 50 states. High-interest yield. Does not offer mobile check deposits. No charge on incoming domestic or international wire transfers.	No signup bonus. Does not provide a debit card or ATM access to your money. Monthly service charge.

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 interest rates for UFB Direct Premium Money Market rates?

UFB Direct Premium Money Market offers an APY starting at 0.1% and ranging up to 0.2% (APY stands for annual percentage yield, rates may change).

UFB Direct Premium Money Market Rates and Terms

Rates	Amount
APY (Annualized Percentage Yield)	0.1% - 0.2%

What are the fees for UFB Direct Premium 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 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 deposit of $5,000. You must make an initial deposit of at least $5,000 to open this 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 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 through online banking and a dedicated mobile app.

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.