UFB Direct savings and money market rates
UFB Direct advertises up to 4.01% APY on its UFB Checking and Savings Bundle account. That 4.01% is a promotional rate for six months. The account advertises 3.26% after it ends. Boosted rate for up to 6 months on a new Portfolio Savings account opened with promo code UFB75. The offer ends 2026-10-31.
The rate needs a linked account at the bank. Direct deposit is required. On a $10,000 balance the account earns 3.63% overall, about $363 in a year, which is 3.26 percentage points above the national savings average of 0.37% (FDIC, Sep 2026).
Ranked #58 of 2929 tracked savings rates by advertised APY. For a $10,000 balance it would rank #87.
UFB Direct at a glance
| Savings | |
|---|---|
| Top savings APY | Up to 4.01% · UFB Checking and Savings Bundle · needs a linked account at the bank · requires direct deposit · promotional rate |
| Minimum to open | $5,000 · UFB Checking and Savings Bundle |
| Against the national average | 3.64 percentage points above the 0.37% FDIC savings average (Sep 2026) |
| Money market | |
| Top money market APY | 3.26% · UFB Portfolio Money Market |
| Minimum to open | $0 · UFB Portfolio Money Market |
| Against the national average | 2.63 percentage points above the 0.63% FDIC money market average (Sep 2026) |
| FDIC certificate | 35546 · San Diego, CA |
|---|---|
| Website | www.ufbdirect.com |
| Availability | Nationally available |
UFB Direct savings and money market rates
Rates are APY. The national savings average is 0.37% (FDIC, Sep 2026). The top tracked savings rate on Banksparency is 12.00%. Across 60 savings accounts from 59 banks in the Banksparency core savings index, the median advertised rate is 3.65%, and one account in ten advertises 4.20% or more. See the highest savings rates.
Interactive Tool
Calculate Savings for UFB Direct
All calculations are based on APY.
Minimum balance for higher APY: $10,000
Savings Breakdown
- Interest Earned+$1,985.70(9.9%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$19,985.70
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
What UFB Direct pays on deposits
FDIC call report data
An advertised rate tells you what a new savings account earns today. It cannot tell you how the bank has priced the savings and money market deposits it already holds, over time. This section shows that. The figure is computed from the interest expense and deposit balances that every bank files with the FDIC in the same form. That is what makes it comparable across banks and across quarters.
The two figures answer different questions, so they sit side by side and are not combined. That 4.01% is a promotional rate for six months. The account advertises 3.26% after it ends. Boosted rate for up to 6 months on a new Portfolio Savings account opened with promo code UFB75. The offer ends 2026-10-31.
In Q2 2026, Axos Bank paid a higher average rate on savings and money market deposits than 91% of banks that reported a figure (3,938 banks; FDIC call report). The all-bank median was 1.45%.
- Axos Bank, savings and money market
- All-bank median
How to read these figures
What the average covers. It is an average across the whole bank, taken from its own quarterly FDIC call report. It covers savings accounts and money market deposit accounts, personal and business, at every balance tier. It also covers accounts that were opened years ago and keep the rate of those years. The FDIC line does not separate consumer accounts.
The second figure. The scale row also shows the average across all interest-bearing deposits: savings, interest checking, money market accounts, CDs, personal and business. That figure covers the whole deposit book. The two are shown separately and are not combined.
What the advertised rate covers. It is the rate that this bank advertises now for a new savings account. Banksparency records it from the bank's website on the date shown beside it.
Why the two differ. They measure different things, so this page shows them side by side and keeps them apart. An advertised rate applies to one account, opened now, at today's price. The average also includes older savings balances at the rates of earlier years, money market balances that were priced in a different rate environment, and business accounts. An average below an advertised rate is the usual result of that arithmetic. On its own it is not evidence about the account that you would open.
What the average is useful for. The bank files the data itself, under reporting instructions that are the same for every filer, and the same computation runs for every bank on this site. That makes it comparable in a way that an advertisement is not. Two things on this page read it: the percentile, which shows where the quarter sits among all filers, and the chart, which shows the direction the figure has moved across quarters.
What the average cannot tell you. It cannot tell you the rate that you would earn. No single customer earns the average. For your rate, read the advertised rate above and the rate tables on this page, each with the date it was observed.
What to do next. Use the advertised rate to work out what a new account earns. Use the chart to see how the quarterly average has moved against the all-bank median. Then compare the advertised rate against the current rates on the savings-rate tables before you open an account.
Definitions: Call Report · Rate Paid on Deposits · Interest-Bearing Deposits · Front Book and Back Book · Deposit Rate Percentile
Average annualized rates paid on savings and money market deposits, and on all interest-bearing deposits, quarterly. The FDIC line for savings includes money market deposit accounts and business savings deposits and does not separate consumer accounts. Source: FDIC call report data, as reported; it may be amended. The percentile compares all FDIC filers, count-weighted. A missing quarter is suppressed, never interpolated. The percentile counts the banks that paid strictly less on savings and money market deposits, one vote per bank, among the 3,938 banks that reported a figure for the quarter ending June 30, 2026.
So what is the catch?
| Product | APY | Min to open | Min to earn | Balance cap | Monthly fee | Requirements | Rate type | 12-mo trend |
|---|---|---|---|---|---|---|---|---|
| UFB Checking and Savings Bundle | Up to 4.01% | $5,000 | $0 | None | $0 | Direct deposit · Linked account at the bank | Promotional (six months) | |
| Promotional terms: Boosted rate for up to 6 months on a new Portfolio Savings account opened with promo code UFB75. The offer ends 2026-10-31. | ||||||||
| Fine print: The regular savings or money market APY may be boosted by direct deposits, minimum balance of $10,000 and making 10 approved debit card transactions per statement cycle. The checking account also earns interest. See bank for full details. | ||||||||
| UFB Portfolio Savings | 3.26% | $0 | $0 | None | $0 | None | One rate | |
| UFB Portfolio Money Market | 3.26% | $0 | $0 | None | $10/month, waived with $5,000 balance | not stated | Tiered | |
Rate type: one rate applies at every balance. A tiered rate changes with your balance. A promotional rate changes after the period shown. A balance cap is the largest balance the highest rate applies to.
The 12-month trend shows the highest advertised rate observed each day and includes promotional tiers where one applied.
Opening and using the account
| Availability | Nationally available |
|---|---|
| App Store rating | 4.8 out of 5 |
| Google Play rating | 4.5 out of 5 |
| Eligibility | not stated |
How UFB Direct behaves over time
- 12-month high
- 4.01%
- 12-month low
- 3.46%
- Advertised now
- 4.01%
- At the 12-month high
The advertised UFB Checking and Savings Bundle rate, observed through Oct 16, 2026. The series includes promotional tiers where one applied.
- UFB Portfolio Money Market
- The same as 90 days ago.
- Rate last changed
- Oct 16, 2026(effective date)
At the top advertised rates we observed for UFB Direct's UFB Checking and Savings Bundle, $10,000 would have grown to about $10,351 over the past year. Prices rose 3.4% in the year to August 2026 (Consumer Price Index (CPI)). So it buys as much as $10,011 did a year ago. The top rate requires direct deposit and is promotional. The series includes promotional tiers where one applied. See how the federal funds rate shapes savings rates.
- UFB Checking and Savings Bundle APY
- Banksparency savings index
- Consumer price index, year over year
- Fed rate cut
Who is UFB Direct?
| Headquarters | San Diego, CA |
|---|---|
| Founded | 2000 |
| Scale | $28.9B assets · $24.8B deposits, $20.9B of it interest-bearing (Q2 2026, FDIC) |
| Deposit insurance | FDIC insured · Certificate 35546 |
| BBB rating | A+ · BBB Accredited |
| Affiliation | UFB Direct is a division of Axos Bank, holding company of Axos Financial, Inc. (NYSE: AX) |
| Affiliated institution | Axos Bank |
| Charter state | California · the charter, Axos Bank, is one of 115 insured banks chartered there (Q2 2026, FDIC) |
Financial detail is in What UFB Direct pays on deposits above.
Common questions about UFB Direct
Is UFB Direct FDIC insured?
Yes. UFB Direct is FDIC insured under certificate 35546, so deposits are covered up to $250,000 per depositor, per ownership category.
What is the minimum deposit at UFB Direct?
UFB Direct requires a minimum deposit of $5,000 to open its UFB Checking and Savings Bundle account, as observed on Oct 16, 2026. Check the bank's current terms before you open an account.
Is the 4.01% at UFB Direct a promotional rate?
That 4.01% is a promotional rate for six months. The account advertises 3.26% after it ends. Rates are as observed on Oct 16, 2026.
UFB Direct against its closest alternatives
| Bank | Savings APY | Rate paid on savings and money market deposits (Q2 2026) | Min deposit | Branches |
|---|---|---|---|---|
| UFB Direct | Up to4.01% | 2.77% | $5,000 | not stated |
| Climate First Bank | 4.01% | 4.17% | $50 | 4 branches in FL |
| FVCbank | 4.01% | 2.19% | $500 | 8 branches in DC, MD, VA |
| Vio Bank | 4.01% | 2.24% | $100 | not stated |
Each savings APY is the top rate of the account the bank's own page leads with. Alternatives are the three tracked banks whose savings APY is closest to UFB Direct's.
Compare UFB Direct with another bank
Each link opens a full comparison page, with the two banks side by side and their current savings rates.
CIT Bank last changed its rate on February 4, 2026, up 10 basis points. UFB Direct last changed its rate on October 16, 2026, down 20 basis points.
UFB Direct vs CIT Bank- UFB Direct vs Barclays
- UFB Direct vs Marcus by Goldman Sachs
SoFi Bank moved its rate after the Fed hike on September 16, 2026, making a change on September 23, 2026. UFB Direct last changed its rate on October 16, 2026.
UFB Direct vs SoFi BankAxos Bank last changed its rate on February 2, 2026, down 10 basis points. UFB Direct last changed its rate on October 16, 2026, down 20 basis points.
UFB Direct vs Axos Bank- UFB Direct vs Capital One
Similar banks and related pages
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Rate hubs: today's highest savings rates, and money market rates.