Bank Of America vs. Ufb Direct
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 2, 2025
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Summary of Bank of America vs. UFB Direct
Key Metrics at a Glance
| Feature | Bank of America | UFB Direct |
|---|---|---|
| Top Savings APY | 0.01% Advantage Savings | 3.71% UFB Checking and Savings Bundle |
| Minimum to Open | $100 | $5000 |
| Minimum Balance for Top APY | $10,000 | |
| 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 3.71% by direct deposits, minimum balance of $10,000 and making 10 approved debit card transactions per statement cycle. See bank for full details. |
Bank of America
Strengths
- Bank of America has a high App Store rating of 4.8.
- No direct deposit requirement for the Advantage Savings account.
Potential Drawbacks
- The Advantage Savings account offers a low APY of 0.01%.
- Monthly maintenance fee of $8 unless conditions are met.
UFB Direct
Strengths
- UFB Direct offers a competitive APY of 3.71% with conditions.
- No maintenance fees for the UFB Checking and Savings Bundle.
Potential Drawbacks
- The UFB Checking and Savings Bundle requires a minimum deposit of $5,000.
- APY decreased from 3.96% to 3.71% in the last 30 days.
→ As of November 2, 2025 Bank of America offers an APY of 0.01% for its Advantage Savings account, with a minimum balance of , compared to UFB Direct's 3.71% APY for its UFB Checking and Savings Bundle account, with a minimum balance of $10,000.
→ UFB Direct yields $370 more than Bank of America on a $10,000 balance after one year. Bank of America pays $1, while UFB Direct pays $371 - an APY advantage for UFB Direct.
→ In addition, UFB Direct also offers 3.51% APY for the UFB Portfolio Savings account.
Calculate Savings Growth for Bank of America vs UFB Direct
Bank of America - Advantage Savings
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
Total balance: $18,005.7
Earnings: $5.7
Bank OverviewUFB Direct - UFB Checking and Savings Bundle
⚠️The higher APY only applies once your balance reaches $10,000.
Total savings breakdown:
- Interest earned: $2,218.7 (10.97%)
- Total contributions: $13,000 (64.30%)
- Initial deposit: $5,000 (24.73%)
Your total balance
$20,218.70
Total balance: $20,218.7
Earnings: $2,218.7
With a $5,000 initial deposit and $13,000 in total contributions over 5 years, Bank of America's total earnings would be $2,213 lower than UFB Direct's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
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 11/2/2025) | 3.51% (as of 11/2/2025) | 3.51% - 3.71% (as of 11/2/2025) | |
| 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 3.71% 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 | 4.5/5 | ||
| BBB Rating | A+ | A+ | ||
Comparative Historical APY Insights (Last 9 Months)
| Bank of America | UFB Direct | |||
|---|---|---|---|---|
| Product | Advantage Savings | vs | UFB Checking and Savings Bundle | UFB Portfolio Savings |
| Latest APY | 0.01 % | 3.71 % | 3.51 % | |
| Trend | Sideways | Sideways | Sideways | |
| Slope (bps/mo) | -0.0 | -2.6 | -2.3 | |
| Rate Changes / Mo | 0.00 | 0.32 | 0.32 | |
| Days Since Last Change | 277 | 3 | 3 | |
| High (-9 m) | 0.01 % | 4.21 % | 4.01 % | |
| Low (-9 m) | 0.01 % | 3.71 % | 3.51 % | |
| Draw-down from High | 0.0 % | -11.9 % | -12.5 % | |
| Volatility (CV) | 0.000 | 0.025 | 0.026 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 9 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 (-9 m)
- Highest APY in the last 278 days.
- Low (-9 m)
- Lowest APY in the last 278 days.
- Draw-down from High
- How far today sits below the 9-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.