Bank Of America vs Ufb Direct
High-Yield Savings Accounts Comparison
Last Updated: August 1, 2025
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Summary of Bank of America vs. UFB Direct
As of August 1, 2025 Bank of America offers an APY of 0.01% for its Advantage Savings account, compared to UFB Direct's 4.21% APY for its UFB Checking and Savings Bundle account.
UFB Direct yields $420 more than Bank of America on a $10,000 balance after one year. Bank of America pays $1, while UFB Direct pays $421 - an APY advantage for UFB Direct.
In addition, UFB Direct also offers 4.01% APY for the UFB Portfolio Savings account.
Bank of America
Strengths
- Bank of America has a high App Store rating of 4.8.
- The Advantage Savings account has a low minimum deposit of $100.
Potential Drawbacks
- The current APY for Advantage Savings is only 0.01%.
- Bank of America charges an $8 monthly maintenance fee.
UFB Direct
Strengths
- UFB Direct offers a competitive APY of 4.21% with conditions.
- The UFB Portfolio Savings account has no maintenance fees.
Potential Drawbacks
- UFB Direct requires a minimum deposit of $5,000 for the high-yield account.
- Direct deposit is necessary to achieve the highest APY.
Summary: UFB Direct provides a significantly higher APY of 4.21% compared to Bank of America's 0.01%. However, UFB Direct requires a $5,000 minimum deposit and direct deposit for the highest rate. In contrast, Bank of America has a lower entry point with a $100 minimum deposit but charges an $8 monthly fee. Both banks have high App Store ratings, but UFB Direct has a superior BBB rating with accreditation.
Compare Bank of America's vs UFB Direct's Savings Accounts
| Bank of America | UFB Direct | |||
|---|---|---|---|---|
| Product | Advantage Savings | vs | UFB Portfolio Savings | UFB Checking and Savings Bundle |
| APY | 0.01% (as of 8/1/2025) | 4.01% (as of 8/1/2025) | 4.01% - 4.21% (as of 8/1/2025) | |
| Bundled Account | No | No | No | |
| FDIC-insured | Yes | Yes | Yes | |
| Online Only | No | Yes | Yes | |
| Compound Frequency | Monthly | Daily | Daily | |
| Minimum Deposit | $100 | $0 | $5000 | |
| Minimum Balance for APY | N/A | $0 | $10,000 | |
| Maintenance Fee | $8 | $0 | $0 | |
| Direct Deposit Required | No | No | Yes | |
| Note | APY may vary by market. The monthly fee may be waived under some circumstances, such as if you maintain a minimum balance of $500, or are below the age of 25, etc. | The regular savings or money market APY may be boosted up to 4.21% by direct deposits, minimum balance of $10,000 and making 10 approved debit card transactions per statement cycle. See bank for full details. | ||
| Sponsored Link | LEARN MORE at UFB Direct, Member FDIC | LEARN MORE at UFB Direct, Member FDIC | ||
| App Store Rating | 4.8/5 | 4.8/5 | ||
| Google Play Rating | 4.6/5 | 4.8/5 | ||
| BBB Rating | A | A+ | ||
Comparative Historical APY Insights (Last 6 Months)
| Bank of America | UFB Direct | |||
|---|---|---|---|---|
| Product | Advantage Savings | vs | UFB Checking and Savings Bundle | UFB Portfolio Savings |
| Latest APY | 0.01 % | 4.21 % | 4.01 % | |
| Trend | Sideways | Sideways | Sideways | |
| Slope (bps/mo) | 0.0 | -0.0 | -0.0 | |
| Rate Changes / Mo | 0.00 | 0.00 | 0.00 | |
| Days Since Last Change | 187 | 170 | 187 | |
| High (-6 m) | 0.01 % | 4.21 % | 4.01 % | |
| Low (-6 m) | 0.01 % | 4.21 % | 4.01 % | |
| Draw-down from High | 0.0 % | 0.0 % | 0.0 % | |
| Volatility (CV) | 0.000 | 0.000 | 0.000 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 6 months (regression slope).
- Slope (bps/mo)
- Average monthly change; 10 bps = 0.10 pp.
- Rate Changes / Mo
- Typical number of APY moves per month.
- Days Since Last Change
- Recency of the latest APY adjustment.
- High (-6 m)
- Highest APY in the last 187 days.
- Low (-6 m)
- Lowest APY in the last 187 days.
- Draw-down from High
- How far today sits below the 6-month peak.
- Volatility (CV)
- Coefficient of variation = stdev ÷ mean.
Why Track Savings-Account APYs?
- See how quickly a bank reacts to Fed moves or competition.
- Gauge “twitchiness” - frequent moves can annoy savers.
- Spot if you're buying near a peak (draw-down) or riding a rise.
- Slope (bps/mo) shows speed of change.
- Volatility (CV) scales jumps by average level.
Calculate Savings Growth for Bank of America vs UFB Direct
All calculations are based on APY.
Bank of America
APY: 0.01%
Total savings breakdown:
- Interest earned: $5.7 (0.03%)
- Total contributions: $13,000 (72.20%)
- Initial deposit: $5,000 (27.77%)
Your total balance
$18,005.70
Effective APY: 0.01% (based on your deposit and contributions)
Total balance: $18,005.7
Earnings: $5.7
Bank OverviewUFB Direct
APY: 4.21%
⚠️The higher APY only applies once your balance reaches $10,000.
Total savings breakdown:
- Interest earned: $2,541.6 (12.37%)
- Total contributions: $13,000 (63.29%)
- Initial deposit: $5,000 (24.34%)
Your total balance
$20,541.60
Effective APY: 4.17% (based on your deposit and contributions)
Total balance: $20,541.6
Earnings: $2,541.6
With a $5,000 initial deposit and $13,000 in total contributions over 5 years, Bank of America's total earnings would be $2,535.9 lower than UFB Direct's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
More Comparisons
Compare Bank of America's APY of 0.01% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| Bank of America vs Ally Bank | 3.50% | $0 |
| Bank of America vs American Express | 3.50% | $0 |
| Bank of America vs Axos Bank | 4.46% | $0 |
| Bank of America vs Barclays | 4.10% | $0 |
| Bank of America vs Capital One | 3.50% | $0 |
| Bank of America vs Chase Bank | 0.01% | $0 |
| Bank of America vs Chime | 3.75% | $0 |
| Bank of America vs CIT Bank | 4.00% | $100 |
| Bank of America vs Discover Bank | 3.50% | $0 |
| Bank of America vs Fitness Bank | 4.85% | $100 |
| Bank of America vs Marcus by Goldman Sachs | 3.65% | $0 |
| Bank of America vs Presidential Bank | 4.50% | $5,000 |
| Bank of America vs SoFi Bank | 3.80% | $0 |
| Bank of America vs Synchrony Bank | 3.80% | $0 |
| Bank of America vs Varo Bank | 5.00% | $0 |
| Bank of America vs Wells Fargo | 2.51% | $25 |
Compare UFB Direct's APY of 4.21% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| UFB Direct vs Ally Bank | 3.50% | $0 |
| UFB Direct vs American Express | 3.50% | $0 |
| UFB Direct vs Barclays | 4.10% | $0 |
| UFB Direct vs Capital One | 3.50% | $0 |
| UFB Direct vs Chase Bank | 0.01% | $0 |
| UFB Direct vs Chime | 3.75% | $0 |
| UFB Direct vs CIT Bank | 4.00% | $100 |
| UFB Direct vs Discover Bank | 3.50% | $0 |
| UFB Direct vs Fitness Bank | 4.85% | $100 |
| UFB Direct vs Marcus by Goldman Sachs | 3.65% | $0 |
| UFB Direct vs Presidential Bank | 4.50% | $5,000 |
| UFB Direct vs SoFi Bank | 3.80% | $0 |
| UFB Direct vs Synchrony Bank | 3.80% | $0 |
| UFB Direct vs Varo Bank | 5.00% | $0 |
| UFB Direct vs Wells Fargo | 2.51% | $25 |