Bank Of America vs Ufb Direct
High-Yield Savings Accounts Comparison
Last Updated: September 18, 2025
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Summary of Bank of America vs. UFB Direct
As of September 18, 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 4.10% APY for its UFB Checking and Savings Bundle account, with a minimum balance of $10,000.
UFB Direct yields $409 more than Bank of America on a $10,000 balance after one year. Bank of America pays $1, while UFB Direct pays $410 - an APY advantage for UFB Direct.
In addition, UFB Direct also offers 3.90% APY for the UFB Portfolio Savings account.
Bank of America
Strengths
- Bank of America has a high App Store rating of 4.8.
- No direct deposit requirement for Advantage Savings account.
- A+ BBB rating indicates strong trustworthiness.
Potential Drawbacks
- Advantage Savings offers a low APY of 0.01%.
- Monthly maintenance fee of $8 may apply.
- No branches available for in-person service.
UFB Direct
Strengths
- UFB Direct offers a competitive APY of 4.10% with conditions.
- No maintenance fees for UFB Checking and Savings Bundle.
- BBB Accredited status enhances consumer trust.
Potential Drawbacks
- Direct deposit required to achieve the highest APY.
- Minimum deposit of $5,000 needed for account opening.
- Lower APY of 3.90% for UFB Portfolio Savings.
Summary: UFB Direct provides a significantly higher APY of 4.10% compared to Bank of America's 0.01%. However, UFB Direct requires a direct deposit and a higher minimum deposit. Bank of America has no direct deposit requirement but charges a monthly fee. Both banks hold an A+ BBB rating, indicating strong trustworthiness, but UFB Direct is also BBB Accredited.
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 9/18/2025) | 3.90% (as of 9/18/2025) | 3.90% - 4.10% (as of 9/18/2025) | |
| 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 4.10% 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 8 Months)
| Bank of America | UFB Direct | |||
|---|---|---|---|---|
| Product | Advantage Savings | vs | UFB Checking and Savings Bundle | UFB Portfolio Savings |
| Latest APY | 0.01 % | 4.10 % | 3.90 % | |
| Trend | Sideways | Sideways | Sideways | |
| Slope (bps/mo) | 0.0 | -0.1 | -0.1 | |
| Rate Changes / Mo | 0.00 | 0.13 | 0.13 | |
| Days Since Last Change | 232 | 0 | 0 | |
| High (-8 m) | 0.01 % | 4.21 % | 4.01 % | |
| Low (-8 m) | 0.01 % | 4.10 % | 3.90 % | |
| Draw-down from High | 0.0 % | -2.6 % | -2.7 % | |
| Volatility (CV) | 0.000 | 0.002 | 0.002 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 8 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 (-8 m)
- Highest APY in the last 233 days.
- Low (-8 m)
- Lowest APY in the last 233 days.
- Draw-down from High
- How far today sits below the 8-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: 4.10%
⚠️The higher APY only applies once your balance reaches $10,000.
Total savings breakdown:
- Interest earned: $2,469.5 (12.06%)
- Total contributions: $13,000 (63.51%)
- Initial deposit: $5,000 (24.43%)
Your total balance
$20,469.50
Effective APY: 4.05% (based on your deposit and contributions)
Total balance: $20,469.5
Earnings: $2,469.5
With a $5,000 initial deposit and $13,000 in total contributions over 5 years, Bank of America's total earnings would be $2,463.8 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
Compare UFB Direct's APY of 4.10% with other banks
| Bank Pair | Competitor 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 BrioDirect | 4.30% | $5,000 |
| 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 Elevault | 4.60% | $0 |
| UFB Direct vs EverBank | 4.30% | $0 |
| UFB Direct vs Fitness Bank | 4.75% | $100 |
| UFB Direct vs FVCbank | 4.35% | $500 |
| UFB Direct vs GO2bank | 4.50% | $0 |
| UFB Direct vs Marcus by Goldman Sachs | 3.65% | $0 |
| UFB Direct vs Neighbors Bank | 4.60% | $0 |
| UFB Direct vs Newtek Bank | 4.35% | $0 |
| UFB Direct vs Peak Bank | 4.35% | $100 |
| UFB Direct vs Pibank | 4.60% | $0 |
| UFB Direct vs Presidential Bank | 4.50% | $5,000 |
| UFB Direct vs Santander Bank | 0.03% | $25 |
| UFB Direct vs SoFi Bank | 4.50% | $0 |
| UFB Direct vs Synchrony Bank | 3.80% | $0 |
| UFB Direct vs TIMBR | 4.40% | $1,000 |
| UFB Direct vs Varo Bank | 5.00% | $0 |
| UFB Direct vs Wells Fargo | 2.51% | $25 |
| UFB Direct vs Zynlo Bank | 4.35% | $10 |