UFB Direct Review, 2019

See how UFB Direct's interest rates stack up against the national average.

Published September 3, 2019

info
Advertising Disclosure

UFB Direct is an online bank with headquarters in San Diego, California. Its parent company is Axos Bank.

Rates current as of August 29, 2019.

In this review:

UFB Direct savings account rates

Deposit account interest rates are calculated as an annual percentage yield, or APY.

High-Yield Savings Account

Deposit AmountInterest RateAPY
$0 - $9,999.990.00%0.00%
$10,000 - $24,999.992.13%2.15%
$25,000 - $49,999.992.13%2.15%
$50,000 - $99,999.992.13%2.15%
$100,000 and above2.13%2.15%

Premium Money Market

UFB Direct’s money market account requires a minimum balance of $5,000 to avoid fees.

Deposit AmountInterest RateAPY
$0 - $9,999.990.50%0.50%
$10,000 - $24,999.990.50%0.50%
$25,000 - $49,999.992.13%2.15%
$50,000 - $99,999.992.13%2.15%
$100,000 and above2.13%2.15%

Like what you see? Our partner Fiona can help you set up an account with UFB Direct.

Savings account rates national average

ProductAverage Interest Rate, BanksAverage Interest Rate, Credit Unions
Regular savings account, $1,000 deposit0.20.17
Money market account, $2,500 deposit0.260.37
Interest checking account, $1,000 deposit0.140.12

National averages are from S&P Global Market Intelligence as reported by the NCUA. Last updated June 28, 2019.

UFB Direct Checking Accounts

UFB Direct has several different checking options, including some interest-bearing checking accounts. These are offered through its parent company, Axos Bank.

NameTypeSpecial BenefitMinimum Balance to Earn APYOther Requirements to Earn Stated APY
Rewards CheckingInterest checking accountUp to 1.25%$1,000Use debit card at least 15 times per month
Essential CheckingRegular checking accountNANANA
CashBack CheckingCash-back checking account1.00%$1,500NA
Golden CheckingSenior checking account0.20%NAMust be 55 to open the account
First CheckingJoint checking account for teenagers0.25%NAMust be age 13 to 17 (18 in Alabama) and open the account with an adult

Calculate your savings

Use our simple savings calculator to see how much you can save.

UFB Direct CD rates

UFB Direct CDs are offered through its parent company, Axos Bank.

Rates current as of August 29, 2019.

Term LengthInterest RateAPY
Three-month CD0.55%0.55%
Six-month CD0.75%0.75%
One-year CD1.01%1.00%
Two-year CD1.20%1.19%
Three-year CD1.30%1.29%
Four-year CD1.40%1.39%
Five-year CD2.25%2.23%

Learn more about CDs.

CD rates national average

ProductAverage Interest Rate, BanksAverage Interest Rate, Credit Unions
Three-month CD, $10,000 deposit0.440.58
Six-month CD, $10,000 deposit0.690.95
One-Year CD, $10,000 deposit1.111.42
Two-Year CD, $10,000 deposit1.361.75
Three-Year CD, $10,000 deposit1.521.95
Four-Year CD, $10,000 deposit1.632.14
Five-Year CD, $10,000 deposit1.872.38

National averages are from S&P Global Market Intelligence as reported by the NCUA. Last updated June 28, 2019.

Policygenius Image

Save extra

Policygenius' partner Fiona lets you compare savings accounts to find the highest APYs in the industry.

UFB Direct fees and how to avoid them

Monthly Service Fee

Type of AccountFeeHow to avoid
High-Yield Savings Account$0NA
Premium Money Market$10Maintain a balance of $5,000 or more.
Checking Accounts$0NA

Other Fees

Type of FeeFeeHow to avoid
ATM Fee$0NA, but a fee may be charged by the ATM owner

Home loans at UFB Direct

UFB Direct offers the following types of home loans through its parent company, Axos Bank:

  • Conforming Loans
  • FHA Loans
  • HELOCs
  • Home Equity Loan
  • Interest-Only Mortgages
  • Investment Properties with 5 or more units
  • Jumbo and Super Jumbo Loans
  • Non-conforming Loans
  • Portfolio Loans
  • VA Loans

Mortgage calculator

Before you shop for home loans, try the Policygenius mortgage calculator to estimate how much your monthly mortgage payment will be.

Other UFB Direct products

Through its parent company Axos Bank, UFB Direct offers auto loan refinancing and personal loans.

More info about UFB Direct

UFB Direct is insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000 per account per person.

Fast Facts
Routing Number122287251
Established2000
Branch Locations0
ATM Locations0

Policygenius’ editorial content is not written by a certified financial planner or advisor. It’s intended for informational purposes only and should not be considered legal, financial, or investment advice. Consult a professional to learn what financial products are right for you.

This post contains references to products or services from one or more of Policygenius' advertisers or partners. While these codes earn us a small fee at no additional cost to you, they do not influence editorial content and we only refer products we love.