Is UFB Portfolio Savings the right fit for you?
Last Updated: 01/06/2026
SuperMoney User Recommendation Score +50
Strongly recommended22 total votes
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Highlights
Community Rating
Strongly recommended
APY (Annual Percentage Yield)
Up to 3.26%(Verified 01/06/2026)
Minimum Opening Deposit
Starting at $0
Minimum Balance to Earn APY
$0
Number of Reviews
UFB Portfolio Savings Review
UFB Portfolio Savings is offered by Axos Bank, a bank founded in 2000 and based in San Diego, CA. UFB Portfolio Savings are available in 50 states and Washington, DC.
Key Takeaways
- High yield savings. This account offers an annual percentage yield of up to 3.26%, which is much higher than the average interest rate for a savings account.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- No minimum initial deposit. There is no minimum balance required to open an account online.
- No ATM fees. UFB Portfolio Savings does not charge fees on ATM transactions .
UFB Portfolio Savings Pros & Cons
| Pros | Cons |
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UFB Portfolio Savings FAQ
Are savings accounts from Axos Bank federally insured?
Yes, your deposits are insured 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.
Does Axos Bank offer a signup bonus?
UFB Portfolio Savings has a bonus of $0 .
What is the minimum initial deposit for UFB Portfolio Savings?
There is no minimum deposit to open a UFB Portfolio Savings.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Combined Balance to Avoid Monthly Maintenance Fee | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does UFB Portfolio Savings offer?
UFB Portfolio Savings offers an APY up to 3.26% (APY stands for annual percentage yield, rates may change). This is higher than the national average rate for savings accounts.
What fees does UFB Portfolio Savings charge?
UFB Portfolio Savings does not charge a monthly service fee. See the fee breakdown section below to view all fees.
- Outgoing domestic bank transfers come with a $35 fee.
- Outgoing international bank transfers come with a $45 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
- UFB Portfolio Savings charges a $35 fee for an early account closure. Contact UFB Portfolio Savings for more details on what is considered an early closure.
- UFB Portfolio Savings charges $5 every time you request a paper statement.
What features and perks does UFB Portfolio Savings offer?
This savings account includes the following features:
- Fraud monitoring - UFB Portfolio Savings monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location, or you make a sudden string of costly purchases.
- Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
- Mobile Banking Services - UFB Portfolio Savings allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
Can you set up a direct deposit to UFB Portfolio Savings?
Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.
What is the customer support email for UFB Portfolio Savings?
The customer support email for UFB Portfolio Savings is businessbanking@axosbank.com.
How do people rate the customer service and user experience of UFB Portfolio Savings?
Overall, UFB Portfolio Savings is strongly recommended based on community reviews that rate customer service and user experience.
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.
Hours of Operation
Sunday
12:00AM - 12:00AM
Monday
12:00AM - 12:00AM
Tuesday
12:00AM - 12:00AM
Wednesday
12:00AM - 12:00AM
Thursday
12:00AM - 12:00AM
Friday
12:00AM - 12:00AM
Saturday
12:00AM - 12:00AM
Other Services by Axos Bank
Home Equity Lines of Credit
Rating not yet determined (2 Reviews)
Home Mortgage Loans
Rating not yet determined (2 Reviews)
Mortgage Refinance
Rating not yet determined (2 Reviews)
Other Savings Accounts from Axos Bank
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Axos First Savings
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Rating not yet determined
APY (Annual Percentage Yield)
0.10%
Disclaimer popup with additional information
Minimum Opening Deposit
Starting at $250
Minimum Balance to Earn APY
N/A
Sponsored
Axos High Yield Savings Account
Sponsored
APY (Annual Percentage Yield)
0.15% - 0.61%
Disclaimer popup with additional information
Minimum Opening Deposit
Starting at $250
Minimum Balance to Earn APY
N/A
Sponsored
Axos One Savings and Checking Bundle
Sponsored
Rating not yet determined
APY (Annual Percentage Yield)
Up to 4.21%
Disclaimer popup with additional information
Minimum Opening Deposit
$0
Minimum Balance to Earn APY
$0
Disclaimer popup with additional information
Sponsored
UFB Checking Savings Bundle
Sponsored
Rating not yet determined
APY (Annual Percentage Yield)
Up to 3.46%
Disclaimer popup with additional information
Minimum Opening Deposit
$0
Minimum Balance to Earn APY
$0
SuperMoney Net Recommendation Score
SuperMoney users strongly recommend this product, giving it a user recommendation score of +50, or 4 on a 5-point rating scale.
+50
-1000+100
No one recommends
Everyone recommends
UFB Portfolio Savings Community Reviews
Would you recommend UFB Portfolio Savings to your friends?
DC
Dylan C.
Oct 31, 2023
May or may not recommend
I love using this account! I feel so confident and safe with my money than I ever have before! I put my money into this account, and it grows and allows me to afford things for my family I never thought I could get. Because of the growth I see in my account, I could not recommend UFB Savings accounts enough.
MR
Mi R.
Mar 29, 2023
May or may not recommend
As some others reported, money take really long time to show as available. I initiated ACH transfer on 03/21, money disappeared from funding account same day, and was not credited until 03/29. Haven't seen anything similar with any other online banks, usually it's 2-3 days. If you message UFB bank, you'd promptly get a cheerfully worded but rather unhelpful reply that transfer can take 3-5 days. I've never seen any ...Show More
JB
Jessica B.
Mar 20, 2023
May or may not recommend
UFB does not automatically adjust your rate when rates increase. If you don’t “convert” your account (e.g., from a “best” savings account to a “preferred”), you’ll continue to receive the lower rate. If rates decrease, of course, your rate will automatically decrease. A slimy move.
Additionally, their customer service is abysmal; and my funds were not credited to my account for over two days. I’ll be looking for another institution. Fingers ...Show More
MC
Mazhar C.
Nov 25, 2022
May or may not recommend
Would strongly recommend this account for it's excellent service. There's no monthly fee and no minimum initial deposit, so it's very easy to open an account.
U
Anonymous
Sep 14, 2022
May or may not recommend
This is the most amateurish place I've ever interacted with. It was so bad I legitimately thought it was a scam site. Avoid UFB completely.
It's worth noting, I was literally just trying to open a savings account. As simple a banking interaction as there could be...
SJ
Sachida J.
Jun 15, 2022
May or may not recommend
Overall, I was really pleased with UFB Direct's High Yield Savings account. The process was very straightforward and the interest rate was very competitive. I would definitely recommend this account to anyone looking for a good savings account option. The only downside I could find was that there was a $10 monthly maintenance fee, but this was waived if you maintained a balance of $5,000 or more. Overall, I thought ...Show More
AS
Alaina S.
Jun 3, 2022
May or may not recommend
Would strongly recommend this account for it's excellent service. There's no monthly fee and no minimum initial deposit, so it's very easy to open an account.
CA
Charity A.
Feb 24, 2022
May or may not recommend
Very good company, they have physical locations and very reliable and good services. If you have at least $10,000, this would be a great place to keep your savings to continue that growth.
FI
Farah I.
Jan 7, 2022
May or may not recommend
Strongly recommend it for providing excellent services. Would like to suggest it to everyone reading this.
LH
Lashane H.
Jan 3, 2022
May or may not recommend
I really love this account however keep in mind that you must keep a minimum balance of $10000.
Pro's of the card $0 monthly fee. This account does not charge a monthly Service Charge.
No minimum initial deposit. There is no minimum balance required to open an account
ET
El T.
Sep 1, 2021
May or may not recommend
This is an honest and very helpful business. I thought them too good to be true.
GL
Grace L.
Aug 13, 2021
May or may not recommend
Its savings account pays up to 0.20% APY, and its money market account pays up to 0.20%. You need at least $10,000 to take advantage of UFB’s high savings rate and $25,000 for the highest money market rate. So it is best for customers with high account balances and plan not to withdraw too often.
MB
Michael B.
Jul 15, 2021
May or may not recommend
I most certainly would recommend UFB Direct to any one of my fiscally responsible peers. Their services are offered in all 50 states, physical branches indeed do exist (a rarity today!) and they supply you with a debit card.
DJ
Daniel J.
Jun 8, 2021
May or may not recommend
Although transfer service charges are a bit high, but for the zero maintenance fee on my acct, im just going to watch my savings soar.
FO
Francisco O.
Apr 27, 2021
May or may not recommend
I love UFB's direct high yield savings account for some reasons. It needs no maintenance fee, and I can issue checks. The interest rate is nice too, the only aspect I found quite odd is the minimum amount needed to be eligible for their interest. Albeit, above all, it's a good savings account option.
SH
Shadrack H.
Apr 24, 2021
May or may not recommend
They seem kinda sketchy, small business with a robot answering machine... I felt like I was getting robbed from the call I sent but they’re trying to grow and compete with the competition. I’d definitely ask a lot of questions with them, just to know if I’m safe with this choice.
KD
Kevin D.
Jan 7, 2021
May or may not recommend
UFB Direct High Yield Savings has been nothing but a pleasure to work with. They make sure everything runs smoothly in both parties, plus not to mention all the money they save you from their free fees unlike any other accounts. They make things so much understandable and easier for me in many aspects. I already recommended to my friends and family members.
AA
Alexandrea A.
Nov 2, 2020
May or may not recommend
UFB direct has many guidelines to follow, that if you don’t have a lump sum of money, you may not benefit at all from partnering with their services. You have to go along with their rules and regulations to avoid getting hit with monthly fees. You can not earn top APY if you do not abide. You have to have a 25,000 balance to get top APY, and balances under ...Show More
OL
Oyalola L.
Oct 29, 2020
May or may not recommend
This account has helped me to save a lot of money. It has also saved me from paying countless fees, as it charges $0 maintenance fee. It’s available throughout the US and their customer service is really good. Their effective system really makes online banking so much easier for me.
SF
Scarlet F.
Oct 25, 2020
May or may not recommend
Fast service, easy to use, great bank. This will be among the best 2 out of the 3 accounts I got.
Showing 20 of 22 reviews
Other Services by Axos Bank
Home Equity Lines of Credit
Rating not yet determined (2 Reviews)
Home Mortgage Loans
Rating not yet determined (2 Reviews)
Mortgage Refinance
Rating not yet determined (2 Reviews)
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