My Banking Direct vs. UFB Direct
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | My Banking DirectHigh Yield Savings Account Jan 7, 2026 | UFB DirectUFB Checking and Savings Bundle Jan 7, 2026 |
|---|---|---|
| APY | 4.02% | 3.26% - 3.46% |
Est. Earnings | $5,000+$201 $10,000+$402 $25,000+$1,005 | $5,000+$163 $10,000+$346 $25,000+$865 |
Min Deposit | $500 | $5000 |
Snapshot view. Rates subject to change. | ||
Terms | - | The regular savings or money market APY may be boosted up to 3.46% 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. |
| Features | FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppZelle® Supported | FDIC InsuredHigh MinimumGreat iOS AppGreat Android AppDirect Deposit ReqChecking Bundle |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.21% APY.
Comparison Analysis
Comparing My Banking Direct vs. UFB Direct
As of My Banking Direct offers an APY of 4.02% for its High Yield Savings Account, with a minimum balance of $1, compared to UFB Direct's 3.46% APY for its UFB Checking and Savings Bundle account, with a minimum balance of $10,000.
My Banking Direct pays $56 more than UFB Direct on a $10,000 balance after one year. My Banking Direct pays $402, while UFB Direct pays $346 - an APY advantage for My Banking Direct.
In addition, UFB Direct also offers 3.26% APY for the UFB Portfolio Savings account, with a minimum balance of $0.
Why My Banking Direct?
- ✓Higher potential APY (4.02% vs 3.26%-3.46%) on all balances
- ✓Fast transfers via Zelle®
Why UFB Direct?
- ✓Offers 2.00% APY on Checking Account in addition to the savings APY
- ✓Access to over 90,000 fee-free ATMs
- ✓Offers 2 different high-yield savings options
— Key Feature Differences —
Better Returns at $10,000
My Banking DirectMy Banking Direct's High Yield Savings Account earns more on smaller deposits (approx. $402 vs $346/yr).
Better Returns at $25,000
My Banking DirectMy Banking Direct's High Yield Savings Account pulls ahead with larger amounts (approx. $1005 vs $865/yr).
Best for Simplicity
My Banking DirectMy Banking Direct's High Yield Savings Account offers 4.02% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, My Banking Direct's High Yield Savings Account pays $56 more interest on a $10,000 balance than UFB Direct's UFB Checking and Savings Bundle.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
My Banking Direct offers a High Yield Savings Account with a competitive APY of 4.02%, making it the clear winner compared to UFB Direct's UFB Portfolio Savings, which yields 3.26%. My Banking Direct's account requires a minimum deposit of $500 but has no maintenance fees or direct deposit requirements, and it is exclusively available online. In contrast, UFB Direct's account has no minimum deposit or balance requirements, also with no maintenance fees, but it offers a lower APY and is also online-only. For those seeking simplicity and higher returns, My Banking Direct stands out.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
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My Banking Direct vs. UFB Direct Savings Calculator
You earn $56 more with My Banking Direct than UFB Direct 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.
My Banking Direct
High Yield Savings Account
Savings Breakdown
- Interest Earned+$402.00(3.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,402.00
UFB Direct
UFB Checking and Savings Bundle
Savings Breakdown
- Interest Earned+$346.00(3.3%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,346.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | My Banking Direct | UFB Direct |
|---|---|---|
| APY | 4.02% Verified: 1/7/2026 ↘︎ 0.18%90d Change | 3.46% Range: 3.26% - 3.46% Verified: 1/7/2026 ↘︎ 0.50%90d Change |
| Product Name | High Yield Savings Account | UFB Checking and Savings Bundle |
| Minimum Deposit | $500 | $5000 |
| Min. Balance for APY | $1 | $10,000 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | Required |
| Checking Bundle | No | Yes |
| Mobile Apps | iOS4.7 Android4.3 | iOS4.8 Android4.3 |
| Zelle® Support | Available Uses Flagstar/NYCB parent infrastructure. | Not Supported |
| BBB Rating | F | A+ |
| Important Notes | - | The regular savings or money market APY may be boosted up to 3.46% 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 | Visit SiteVerify at My Banking Direct Non-sponsored link to official site | Visit SiteGo to UFB Direct * Secure link to our partner |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | My Banking Direct | UFB Direct | |
|---|---|---|---|
| High Yield Savings Account | UFB Checking and Savings Bundle | UFB Portfolio Savings | |
Current APY | 4.02% | 3.46% | 3.26% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -4.0 | -6.3 | -5.6 |
Days Since Change | 53 | 1 | 1 |
12-Month High | 4.45% | 4.21% | 4.01% |
12-Month Low | 4.02% | 3.46% | 3.26% |
Adjustments / Mo | 0.43 | 0.43 | 0.43 |
Volatility Score | 0.035 | 0.060 | 0.062 |
How to read these metrics(Click to expand)
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