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  UFB Elite Savings Accounts
UFB Elite Savings Accounts
in Savings Accounts from Axos Bank · Member FDIC
Claimed

UFB Elite Savings Accounts

Claimed
in Savings Accounts from Axos Bank · Member FDIC
Net Recommendation Score 0  

SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly not recommended by SuperMoney users with a score of 0, equating to 3 on a 5 point rating scale.

0

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.

Rating not yet determined  

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Highlights
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Monthly Fee $0
(Verified 10/13/2022)
APY (Annual Percentage Yield) 3.16%
(Verified 10/31/2022)
Minimum Balance to Earn APY $0

UFB Elite Savings Accounts Review

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

Key Takeaways

  • Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 3.16%, which is much higher than the average interest rate for a savings account.
  • No minimum initial deposit. There is no minimum balance required to open an account online.

UFB Savings Accounts Pros & Cons

Pros Cons
  • Available in all 50 states.
  • High variable APY.
  • No signup bonus.
  • Does not offer mobile check deposits.
  • Does not provide access to a nationwide ATM network.
  • Does not come with a debit card

UFB Savings Accounts FAQ

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 Savings Accounts doesn't offer a signup bonus.

What is the minimum initial deposit for UFB Savings Accounts?

There is no minimum deposit to open a UFB Savings Accounts.
UFB Elite Savings Accounts Minimums
Description
Minimum Balance to Avoid Monthly Fee $0
Minimum Balance to Earn APY $0
Minimum Direct Deposit to Avoid Monthly Fee Starting at $0
Minimum Opening Deposit $0

What APY does UFB Elite Savings Accounts offer?

UFB Savings Accounts offers an APY of 3.16% (APY stands for annual percentage yield, rates may change). This is higher than the typical APY for online-only savings accounts, which is around 1% APY.

The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually.

What fees does UFB Savings Accounts charge?

UFB Savings Accounts does not charge a monthly service fee. See the fee breakdown section below to view all fees.

Can you set up a direct deposit to UFB Savings Accounts?

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 Savings Accounts?

The customer support email for UFB Savings Accounts is contactaxos@axosfs.com.

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

Feature Breakdown

Minimum Balance to Avoid Monthly Fee $0
Minimum Balance to Earn APY $0
Minimum Direct Deposit to Avoid Monthly Fee Starting at $0
Minimum Opening Deposit $0
Monthly Fee $0
(Verified 10/13/2022)
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
  • Social Security Number
  • Employer Identification Number
APY (Annual Percentage Yield) 3.16%
(Verified 10/31/2022)

UFB Elite Savings Accounts Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly not recommended by SuperMoney users with a score of 0, equating to 3 on a 5 point rating scale.

0

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.

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