Bank of America vs. UFB Direct
Comparing Bank of America and UFB Direct for savings: Bank of America's Advantage Savings pays 0.01% APY while UFB Direct's UFB Checking and Savings Bundle pays 3.46% APY.
Note: UFB Direct requires a checking account.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? UFB Direct pays $345 more than Bank of America annually ($346 vs $1).
Choose Bank of America if you want a no-strings-attached account, or you want Zelle for quick transfers. Choose UFB Direct if getting the best rate matters most.
Important Considerations
UFB Direct requires a checking account to unlock its top savings rate, while Bank of America offers its savings account standalone.
| Metric | Bank of AmericaAdvantage Savings Feb 6, 2026 | UFB DirectUFB Checking and Savings Bundle Feb 6, 2026 |
|---|---|---|
| APY | 0.01% | 3.26% - 3.46% |
Est. Earnings | $5,000+$1 $10,000+$1 $25,000+$3 | $5,000+$163 $10,000+$346 $25,000+$865 |
Min Deposit | $100 | $5000 |
Snapshot view. Rates subject to change. | ||
Terms | 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 3.46% by direct deposits, minimum balance of $10,000 and making 10 approved debit card transactions per statement cycle. The checking account earns 2% APY. See bank for full details. |
| Features | FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppIn-Person AccessZelle® SupportedRate Changes Often | FDIC InsuredHigh MinimumGreat iOS AppGreat Android AppDirect Deposit ReqChecking BundleDaily CompoundingRate Changes Often |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.15% APY.
Comparison Analysis
Comparing Bank of America vs. UFB Direct
Executive Summary
UFB Direct stands out with its UFB Portfolio Savings account, offering a competitive APY of 3.26%, significantly higher than Bank of America's Advantage Savings account, which yields only 0.01%. UFB Direct's savings account requires no minimum deposit or balance, and there are no maintenance fees, making it an appealing choice for savers. Additionally, it is an online-only product, providing simplicity without the need for bundling or direct deposit. In contrast, Bank of America does offer a savings account but requires a minimum deposit of $100 and has a monthly maintenance fee of $8, which can be waived under certain conditions.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Bank of America?
- ✓Fast transfers via Zelle® (up to $3,500 a day)
Why UFB Direct?
- ✓Offers 2.00% APY on Checking Account in addition to the savings APY
- ✓Access to over 90,000 fee-free ATMs
- ✓Higher potential APY (3.26%-3.46% vs 0.01%) (requires checking bundle & direct deposit)
- ✓Offers 2 different high-yield savings options
— Key Feature Differences —
Better Returns at $10,000
UFB DirectUFB Direct's UFB Checking and Savings Bundle earns more on smaller deposits (approx. $346 vs $1/yr).
Better Returns at $25,000
UFB DirectUFB Direct's UFB Checking and Savings Bundle pulls ahead with larger amounts (approx. $865 vs $3/yr).
Best for Simplicity
UFB DirectUFB Direct's UFB Portfolio Savings offers 3.26% APY with no bundling, direct deposit requirement or caps.
Best for All-in-One Banking
UFB DirectUFB Direct's UFB Checking and Savings Bundle pays a superior APY for customers who also open a checking account.
Shared Benefits
Over a 1-year period, UFB Direct's UFB Checking and Savings Bundle pays $345 more interest on a $10,000 balance than Bank of America's Advantage Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
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Top Market Contenders
Bank of America vs. UFB Direct Savings Calculator
You earn $345 more with UFB Direct than Bank of America on a $10,000 initial deposit for 1 year*.
*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.
Bank of America
Advantage Savings
Savings Breakdown
- Interest Earned+$1.00(0.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,001.00
UFB Direct
UFB Checking and Savings Bundle
Savings Breakdown
- Interest Earned+$346.00(3.3%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,346.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Bank of America | UFB Direct |
|---|---|---|
| APY | 0.01% Verified: 2/6/2026 Stable (90d) | 3.46% Range: 3.26% - 3.46% Verified: 2/6/2026 ↘︎ 0.25%90d Change |
| Product Name | Advantage Savings | UFB Checking and Savings Bundle |
| Minimum Deposit | $100 | $5000 |
| Min. Balance for APY | N/A | $10,000 |
| Monthly Fee | $8 | $0 |
| Compound Frequency | Monthly | Daily |
| Branch Access | Yes | None |
| Account Type | Online & Branches | Online Only |
| Physical Branches | N/A | None |
| Direct Deposit Req. | None | Required |
| Checking Bundle | No | Yes |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Available Limit: $3,500/dayFounding member; highest limits for established users. | Not Supported |
| BBB Rating | A+ | A+ |
| Important Notes | 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 3.46% by direct deposits, minimum balance of $10,000 and making 10 approved debit card transactions per statement cycle. The checking account earns 2% APY. See bank for full details. |
| Next Steps | Visit SiteVerify at Bank of America Non-sponsored link to official site | Visit SiteGo to UFB Direct * Secure link to our partner |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Bank of America | UFB Direct | |
|---|---|---|---|
| Advantage Savings | UFB Checking and Savings Bundle | UFB Portfolio Savings | |
Current APY | 0.01% | 3.46% | 3.26% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | 0.0 | -7.2 | -7.0 |
Days Since Change | 52 | 31 | 31 |
12-Month High | 0.03% | 4.21% | 4.01% |
12-Month Low | 0.01% | 3.46% | 3.26% |
Adjustments / Mo | 0.16 | 0.41 | 0.41 |
Volatility Score | 0.117 | 0.073 | 0.076 |
How to read these metrics(Click to expand)
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More Comparisons
Compare Bank of America's APY of 0.01% with other banks
Compare UFB Direct's APY of 3.46% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| UFB Direct vs Ally Bank | 3.30% | $0 |
| UFB Direct vs American Express | 3.30% | $0 |
| UFB Direct vs Axos Bank | 4.21% | $0 |
| UFB Direct vs Barclays | 4.00% | $0 |
| UFB Direct vs Capital One | 3.30% | $0 |
| UFB Direct vs Chase Bank | 0.01% | $0 |
| UFB Direct vs Chime | 3.00% | $0 |
| UFB Direct vs CIT Bank | 3.75% | $100 |
| UFB Direct vs Citibank | 3.20% | $0 |
| UFB Direct vs Discover Bank | 3.30% | $0 |
| UFB Direct vs EverBank | 3.90% | $0 |
| UFB Direct vs Marcus by Goldman Sachs | 3.65% | $0 |
| UFB Direct vs Newtek Bank | 4.20% | $0.01 |
| UFB Direct vs Openbank | 4.09% | $500 |
| UFB Direct vs Pibank | 4.60% | $0 |
| UFB Direct vs SoFi Bank | 4.00% | $0 |
| UFB Direct vs Synchrony Bank | 3.50% | $0 |
| UFB Direct vs Varo Bank | 5.00% | $0 |
| UFB Direct vs Wealthfront | 3.95% | $0 |
| UFB Direct vs Wells Fargo | 0.05% | $25 |