Chime vs Ufb Direct
High-Yield Savings Accounts Comparison
Last Updated: August 1, 2025
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Summary of Chime vs. UFB Direct
As of August 1, 2025 Chime offers an APY of 3.75% for its Chime Savings Account account, compared to UFB Direct's 4.21% APY for its UFB Checking and Savings Bundle account.
UFB Direct yields $46 more than Chime on a $10,000 balance after one year. Chime pays $375, 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.
Chime
Strengths
- Chime offers a high APY of 3.75%, consistent with last month.
- No maintenance fees for Chime Savings Account.
- Chime has a strong App Store rating of 4.8.
Potential Drawbacks
- Chime requires a direct deposit of $200 to earn the listed APY.
- Chime's BBB rating is B, indicating lower trustworthiness.
- Chime's minimum balance to earn interest is $0.01.
UFB Direct
Strengths
- UFB Direct offers a higher APY of 4.21%, unchanged from last month.
- UFB Direct has an A+ BBB rating and is accredited.
- UFB Portfolio Savings has no direct deposit requirement.
Potential Drawbacks
- UFB Direct requires a minimum deposit of $5,000 for the bundle.
- UFB Direct's minimum balance for the highest APY is $10,000.
- UFB Direct's App Store rating is slightly lower at 4.8.
Summary: UFB Direct surpasses Chime with a higher APY of 4.21% and a superior A+ BBB rating. However, UFB requires a higher minimum deposit and balance for its best rates. Chime offers a lower APY of 3.75% but has no maintenance fees and a strong App Store rating. Chime's direct deposit requirement may limit access to its advertised rate, while UFB's Portfolio Savings provides more flexibility without such a requirement.
Compare Chime's vs UFB Direct's Savings Accounts
| Chime | UFB Direct | |||
|---|---|---|---|---|
| Product | Chime Savings Account | vs | UFB Portfolio Savings | UFB Checking and Savings Bundle |
| APY | 1.25% - 3.75% (as of 8/1/2025) | 4.01% (as of 8/1/2025) | 4.01% - 4.21% (as of 8/1/2025) | |
| Bundled Account | Yes | No | No | |
| FDIC-insured | Yes | Yes | Yes | |
| Online Only | Yes | Yes | Yes | |
| Compound Frequency | Daily | Daily | Daily | |
| Minimum Deposit | $0 | $0 | $5000 | |
| Minimum Balance for APY | $0.01 | $0 | $10,000 | |
| Maintenance Fee | $0 | $0 | $0 | |
| Direct Deposit Required | Yes. You need to receive a qualifying direct deposit of $200 or more within the preceding 34 days | No | Yes | |
| Note | Chime® is a financial technology company, not a bank. Banking services provided by The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC. To open a savings account you must first open a checking account. To qualify for Chime+ with the 3.75% APY, you must have a Chime Checking account and receive a direct deposit of at least $200. Otherwise, the APY is 1.25%. | 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 | 4.7/5 | 4.8/5 | ||
| BBB Rating | B | A+ | ||
Comparative Historical APY Insights (Last 6 Months)
| Chime | UFB Direct | |||
|---|---|---|---|---|
| Product | Chime Savings Account | vs | UFB Checking and Savings Bundle | UFB Portfolio Savings |
| Latest APY | 3.75 % | 4.21 % | 4.01 % | |
| Trend | Rising | Sideways | Sideways | |
| Slope (bps/mo) | 36.8 | -0.0 | 0.0 | |
| Rate Changes / Mo | 0.16 | 0.00 | 0.00 | |
| Days Since Last Change | 125 | 170 | 186 | |
| High (-6 m) | 3.75 % | 4.21 % | 4.01 % | |
| Low (-6 m) | 2.00 % | 4.21 % | 4.01 % | |
| Draw-down from High | 0.0 % | 0.0 % | 0.0 % | |
| Volatility (CV) | 0.258 | 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 186 days.
- Low (-6 m)
- Lowest APY in the last 186 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 Chime vs UFB Direct
All calculations are based on APY.
Chime
APY: 3.75%
Total savings breakdown:
- Interest earned: $2,273.8 (11.22%)
- Total contributions: $13,000 (64.12%)
- Initial deposit: $5,000 (24.66%)
Your total balance
$20,273.80
Effective APY: 3.75% (based on your deposit and contributions)
Total balance: $20,273.8
Earnings: $2,273.8
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, Chime's total earnings would be $267.8 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 Chime's APY of 3.75% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| Chime vs Ally Bank | 3.50% | $0 |
| Chime vs American Express | 3.50% | $0 |
| Chime vs Axos Bank | 4.46% | $0 |
| Chime vs Bank of America | 0.01% | $100 |
| Chime vs Barclays | 4.10% | $0 |
| Chime vs Capital One | 3.50% | $0 |
| Chime vs Chase Bank | 0.01% | $0 |
| Chime vs CIT Bank | 4.00% | $100 |
| Chime vs Discover Bank | 3.50% | $0 |
| Chime vs Fitness Bank | 4.85% | $100 |
| Chime vs Marcus by Goldman Sachs | 3.65% | $0 |
| Chime vs Presidential Bank | 4.50% | $5,000 |
| Chime vs SoFi Bank | 3.80% | $0 |
| Chime vs Synchrony Bank | 3.80% | $0 |
| Chime vs Varo Bank | 5.00% | $0 |
| Chime 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 Bank of America | 0.01% | $100 |
| 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 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 |