Bank of America vs. UFB Direct
Compare rates, requirements, and features side-by-side to find the best option for you.
Bank of America
Advantage Savings
0.01%APYDec 18, 2025FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppIn-Person AccessShow Fine Print & Trends Hide Details
Bank of America
Advantage Savings
UFB Direct
UFB Checking and Savings Bundle
Up to3.60%APYDec 18, 2025FDIC InsuredHigh MinimumDirect Deposit ReqChecking BundleGreat iOS AppGreat Android AppRange: 3.40% – 3.60%Show Fine Print & Trends Hide Details
UFB Direct
UFB Checking and Savings Bundle
Comparison Analysis
Comparing Bank of America vs. UFB Direct
As of Bank of America offers an APY of 0.01% for its Advantage Savings account, with a minimum balance of , compared to UFB Direct's 3.60% APY for its UFB Checking and Savings Bundle account, with a minimum balance of $10,000.
UFB Direct pays $359 more than Bank of America on a $10,000 balance after one year. Bank of America pays $1, while UFB Direct pays $360 - an APY advantage for UFB Direct.
In addition, UFB Direct also offers 3.40% APY for the UFB Portfolio Savings account, with a minimum balance of $0.
Why Bank of America?
No distinct advantages found vs UFB Direct.
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 (3.40%-3.60% 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. $360 vs $1/yr).
Better Returns at $25,000
UFB DirectUFB Direct's UFB Checking and Savings Bundle pulls ahead with larger amounts (approx. $900 vs $3/yr).
Best for Simplicity
UFB DirectUFB Direct's UFB Portfolio Savings offers 3.40% 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 $359 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.
Executive Summary
UFB Direct stands out with its UFB Portfolio Savings account, offering a competitive APY of 3.40%, which is significantly higher than Bank of America's Advantage Savings account at just 0.01%. UFB Direct's account has no minimum deposit or maintenance fees, making it an accessible option for savers. Additionally, UFB Direct offers a bundled checking and savings account that can yield an even higher APY of 3.60% with certain conditions, such as direct deposits and maintaining a minimum balance. In contrast, Bank of America’s savings account has a monthly fee that can be waived under specific circumstances. Overall, UFB Direct provides better returns without the complexities of fees or minimum balances.
Analysis generated based on current Banksparency database records
* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.25% APY.
Bank of America vs. UFB Direct Savings Calculator
You earn $359 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+$360.00(3.5%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,360.00
Sponsored Link
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Top Market Contenders
See who beats both Bank of America and UFB Direct.
| Feature | Bank of America | UFB Direct |
|---|---|---|
| APY | 0.01% Verified: 12/18/2025 Stable (90d) | 3.60% Range: 3.40% - 3.60% Verified: 12/18/2025 ↘︎ 0.50%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 |
| Branch Access | Yes | None |
| Account Type | Online & Branches | Online Only |
| Direct Deposit Req. | None | Required |
| Checking Bundle | No | Yes |
| Mobile Apps | iOS4.8 Android4.6 | iOS4.8 Android4.3 |
| 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 3.60% 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 | SponsoredOpen Account |
📈 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% | 3.60% | 3.40% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | 0.0 | -5.6 | -5.1 |
Days Since Change | 2 | 7 | 7 |
11-Month High | 0.03% | 4.21% | 4.01% |
11-Month Low | 0.01% | 3.60% | 3.40% |
Adjustments / Mo | 0.19 | 0.37 | 0.37 |
Volatility Score | 0.128 | 0.052 | 0.054 |
How to read these metrics(Click to expand)
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