UFB Direct High Yield Savings Review

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

• Higher than average APY. UFB Direct High Yield Savings has an annual percentage yield of up to 0.2%, which is higher than the national average interest rate on savings accounts. Note that you must keep a minimum balance of $10000.
• $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.
• No ATM fees. UFB Direct High Yield Savings does not charge fees on ATM transactions.
• Bill pay. Pay your bills to practically anyone in the United States through Axos Bank.

Are savings accounts from Axos Bank federally insured?

Yes, your Axos Bank savings 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.

Does Axos Bank offer a signup bonus?

UFB Direct savings account has a signup bonus of $0.

What is the minimum initial deposit for UFB Direct savings account?

What APY does Axos Bank offer?

UFB Direct savings account offers an APY and ranging up to 0.2% (APY stands for annual percentage yield, rates may change).

What fees does UFB Direct savings account charge?

UFB Direct savings account 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 Direct savings account charges a $35 fee for an early account closure. Contact UFB Direct savings account for more details on what is considered an early closure.
• UFB Direct savings account charges $5 every time you request a paper statement.

What features and perks does UFB Direct savings account offer?

This savings account includes the following features:

• Fraud monitoring - UFB Direct savings account 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 Direct savings account 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 Direct savings account?

In most cases, the answer is yes. 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 Direct savings account?

The customer support email for UFB Direct savings account is contactaxos@axosfs.com.

How do people rate the customer service and user experience of UFB Direct savings account?

Overall, UFB Direct savings account is strongly recommended based on community reviews that rate customer service and user experience.