SuperMoney
UFB High Rate Savings
in Savings Accounts from Axos Bank · Member FDIC
Claimed Visit Site

UFB High Rate Savings

Claimed
in Savings Accounts from Axos Bank · Member FDIC
SuperMoney Net Recommendation Score +63  

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +63, equating to 4.3 on a 5 point rating scale.

+63

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Strongly recommended

Cast your vote

Would you recommend UFB High Rate Savings to your friends?

Thanks for your vote!

You voted: May or may not recommend

Highlights
Community Rating Strongly recommended
Monthly Fee $0
(Verified 01/27/2023)
APY (Annual Percentage Yield) Up to 4.21%
(Verified 01/27/2023)
Minimum Balance to Earn APY $10,000
Number of Reviews 19

UFB High Rate Savings Review

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

Key Takeaways

  • Bonus offer. Open a new account and you can get
  • Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 4.21%, which is much higher than the average interest rate for a savings account. However, you must keep a minimum balance of $10000 to earn that insterest rate.
  • $0 monthly fee. 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 High Rate Savings does not charge fees on ATM transactions.

UFB Direct savings account Pros & Cons

Pros Cons
  • Available in all 50 states.
  • High variable APY.
  • Access to physical branches.
  • Free debit card
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
  • Higher than average wire transfer fees.

UFB Direct savings account FAQ

Are savings 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.

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?

There is no minimum deposit to open a UFB Direct savings account.
UFB High Rate Savings Minimums
Description
Minimum Balance to Avoid Monthly Fee Starting at $0
Minimum Balance to Earn APY $10,000
Minimum Combined Balance to Avoid Monthly Fee $0
Minimum Direct Deposit to Avoid Monthly Fee Starting at $0
Minimum Opening Deposit Starting at $0

What APY does UFB High Rate Savings offer?

UFB Direct savings account offers an APY up to 4.21% (APY stands for annual percentage yield, rates may change). This is higher than the typical interest rates for online-only savings accounts, which is around 1% APY.

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?

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 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.

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.

Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

Minimum Balance to Avoid Monthly Fee Starting at $0
Minimum Balance to Earn APY $10,000
Minimum Combined Balance to Avoid Monthly Fee $0
Minimum Direct Deposit to Avoid Monthly Fee Starting at $0
Minimum Opening Deposit Starting at $0
Monthly Fee $0
(Verified 01/27/2023)
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - Domestic (Outgoing) $35
Wire Transfer Fee - International (Incoming) $0
Wire Transfer Fee - International (Outgoing) $45
Paper Statement Fee $5
Returned Deposit Fee (Domestic) $10
Early Account Closure $35
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Proof of Identity
  • Government Issued Photo ID
  • Social Security Number
Bauer Financial A+/A Rating
Account Features
  • No ATM Fees
  • Free Bill Pay
  • Mobile Check Deposit
  • No Monthly Maintenance Fee
  • Interest Bearing Account
  • Nationwide ATM Network
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Debit Card
  • Bauer Financial A+/A Rating
  • Branch Access
  • Member FDIC
Signup Bonus Starting at $0
APY (Annual Percentage Yield) Up to 4.21%
(Verified 01/27/2023)

UFB High Rate Savings Community Reviews

 

Would you recommend UFB High Rate Savings to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
(will require moderator approval)

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +63, equating to 4.3 on a 5 point rating scale.

+63

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

sorted by

Axos Bank Savings Accounts

Loading...