Chime vs. Ufb Direct
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 2, 2025
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Summary of Chime vs. UFB Direct
Key Metrics at a Glance
| Feature | Chime | UFB Direct |
|---|---|---|
| Top Savings APY | 3.50% Chime Savings Account | 3.71% UFB Checking and Savings Bundle |
| Minimum to Open | $0 | $5000 |
| Minimum Balance for Top APY | $0.01 | $10,000 |
| 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 3.50% APY, you must have a Chime Checking account and receive a direct deposit of at least $200. Otherwise, the APY is 1.00%. | 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. |
Chime
Strengths
- Chime offers a $0 minimum deposit and balance requirement for its savings account.
- Chime has a high App Store rating of 4.8.
- Chime's current APY is 3.50%, though it decreased from 3.75% last month.
Potential Drawbacks
- Chime requires a direct deposit of $200 to qualify for the highest APY.
- Chime's APY is lower than UFB Direct's highest APY of 3.71%.
- Chime does not have any physical branches.
UFB Direct
Strengths
- UFB Direct's highest APY is 3.71%, although it decreased from 3.96% last month.
- UFB Direct offers a Portfolio Savings account with no direct deposit requirement.
- UFB Direct is BBB Accredited, providing additional trustworthiness.
Potential Drawbacks
- UFB Direct requires a $5,000 minimum deposit for its Checking and Savings Bundle.
- UFB Direct's App Store rating is slightly lower at 4.8 compared to Chime.
- UFB Direct has no physical branches.
Summary: Chime offers a more accessible savings account with no minimum deposit, but requires a direct deposit for its top APY of 3.50%. UFB Direct provides a higher APY of 3.71% with more stringent deposit requirements. Both banks lack physical branches and have high App Store ratings, but UFB Direct is BBB Accredited, enhancing its credibility.
→ As of November 2, 2025 Chime offers an APY of 3.50% for its Chime Savings Account, with a minimum balance of $0.01, 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 $21 more than Chime on a $10,000 balance after one year. Chime pays $350, 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 Chime vs UFB Direct
All calculations are based on APY.
Chime - Chime Savings Account
Top APY: 3.50%
Total savings breakdown:
- Interest earned: $2,114.1 (10.51%)
- Total contributions: $13,000 (64.63%)
- Initial deposit: $5,000 (24.86%)
Your total balance
$20,114.10
Effective APY: 3.50% (based on your deposit and contributions)
Total balance: $20,114.1
Earnings: $2,114.1
Bank OverviewUFB Direct - UFB Checking and Savings Bundle
Top APY: 3.71%
⚠️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
Effective APY: 3.66% (based on your deposit and contributions)
Total balance: $20,218.7
Earnings: $2,218.7
With a $5,000 initial deposit and $13,000 in total contributions over 5 years, Chime's total earnings would be $104.6 lower than UFB Direct's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
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 | 1.00% - 3.50% (as of 11/2/2025) | 3.51% (as of 11/2/2025) | 3.51% - 3.71% (as of 11/2/2025) | |
| 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 3.50% APY, you must have a Chime Checking account and receive a direct deposit of at least $200. Otherwise, the APY is 1.00%. | 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 | 4.7/5 | 4.5/5 | ||
| BBB Rating | A+ | A+ | ||
Comparative Historical APY Insights (Last 9 Months)
| Chime | UFB Direct | |||
|---|---|---|---|---|
| Product | Chime Savings Account | vs | UFB Checking and Savings Bundle | UFB Portfolio Savings |
| Latest APY | 3.50 % | 3.71 % | 3.51 % | |
| Trend | Rising | Sideways | Sideways | |
| Slope (bps/mo) | 17.5 | -2.6 | -2.4 | |
| Rate Changes / Mo | 0.22 | 0.33 | 0.33 | |
| Days Since Last Change | 17 | 3 | 3 | |
| High (-9 m) | 3.75 % | 4.21 % | 4.01 % | |
| Low (-9 m) | 2.00 % | 3.71 % | 3.51 % | |
| Draw-down from High | -6.7 % | -11.9 % | -12.5 % | |
| Volatility (CV) | 0.210 | 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 276 days.
- Low (-9 m)
- Lowest APY in the last 276 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.
More Comparisons
Compare Chime's APY of 3.50% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Chime vs Ally Bank | 3.30% | $0 |
| Chime vs American Express | 3.50% | $0 |
| Chime vs Axos Bank | 4.51% | $0 |
| Chime vs Bank of America | 0.01% | $100 |
| Chime vs Barclays | 4.10% | $0 |
| Chime vs Bask Bank | 4.05% | $0 |
| Chime vs BrioDirect | 4.00% | $5,000 |
| Chime vs Capital One | 3.40% | $0 |
| Chime vs Chase Bank | 0.01% | $0 |
| Chime vs CIT Bank | 3.85% | $100 |
| Chime vs Citizens Access™ | 3.35% | $0.01 |
| Chime vs Discover Bank | 3.40% | $0 |
| Chime vs Elevault | 4.34% | $0 |
| Chime vs EverBank | 4.05% | $0 |
| Chime vs Fitness Bank | 4.75% | $100 |
| Chime vs FNBO Direct | 3.00% | $1 |
| Chime vs FVCbank | 3.85% | $500 |
| Chime vs GO2bank | 4.50% | $0 |
| Chime vs LendingClub | 4.20% | $0 |
| Chime vs Marcus by Goldman Sachs | 3.65% | $0 |
| Chime vs Neighbors Bank | 4.50% | $0 |
| Chime vs Newtek Bank | 4.35% | $0 |
| Chime vs Peak Bank | 4.20% | $100 |
| Chime vs Pibank | 4.60% | $0 |
| Chime vs Presidential Bank | 4.50% | $5,000 |
| Chime vs Santander Bank | 0.01% | $25 |
| Chime vs SoFi Bank | 4.50% | $0 |
| Chime vs Synchrony Bank | 3.80% | $0 |
| Chime vs TIMBR | 4.40% | $1,000 |
| Chime vs Valley Direct | 4.10% | $1,000 |
| Chime vs Varo Bank | 5.00% | $0 |
| Chime vs Wells Fargo | 0.05% | $25 |
| Chime vs Zynlo Bank | 4.20% | $10 |