UFB Direct vs. Wells Fargo
Compare rates, requirements, and features side-by-side to find the best option for you.
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
Wells Fargo
Platinum Savings
0.05%APYDec 18, 2025FDIC InsuredHigh MinimumChecking BundleGreat iOS AppGreat Android AppIn-Person AccessShow Fine Print & Trends Hide Details
Wells Fargo
Platinum Savings
Comparison Analysis
Comparing UFB Direct vs. Wells Fargo
As of UFB Direct offers an APY of 3.60% for its UFB Checking and Savings Bundle account, with a minimum balance of $10,000, compared to Wells Fargo's 0.05% APY for its Platinum Savings account, with a minimum balance of $1,000,000.
UFB Direct pays $355 more than Wells Fargo on a $10,000 balance after one year. UFB Direct pays $360, while Wells Fargo pays $5 - 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, while Wells Fargo offers 0.01% APY for the Way2Save Savings account, with a minimum balance of $0.
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%-0.05%) (requires checking bundle & direct deposit)
Why Wells Fargo?
- ✓Physical branch access (Wells Fargo offers branches and ATMs in 36 states and Washington, D.C.)
- ✓Higher rated Android app (4.8 vs 4.3)
— 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 $5/yr).
Better Returns at $25,000
UFB DirectUFB Direct's UFB Checking and Savings Bundle pulls ahead with larger amounts (approx. $900 vs $13/yr).
Best for Simplicity
UFB DirectUFB Direct's UFB Portfolio Savings offers 3.40% APY with no bundling, direct deposit requirement or caps.
Requires Banking Relationship
Both banks require a checking account bundle to access their highest rates.
Shared Benefits
Over a 1-year period, UFB Direct's UFB Checking and Savings Bundle pays $355 more interest on a $10,000 balance than Wells Fargo's Platinum Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary
UFB Direct offers a significant advantage over Wells Fargo with its UFB Portfolio Savings account, which provides a competitive APY of 3.40%. This account has no minimum deposit or balance requirements, making it accessible for all savers. In contrast, Wells Fargo's highest-yielding savings option, the Platinum Savings account, offers a mere 0.05% APY, requiring a minimum balance of $1,000,000 to achieve this rate. Additionally, Wells Fargo's Way2Save Savings account yields just 0.01% APY, further highlighting UFB Direct's superior returns. While UFB Direct's UFB Checking and Savings Bundle can offer higher rates with specific conditions, the Portfolio Savings account stands out for its simplicity and accessibility.
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.
UFB Direct vs. Wells Fargo Savings Calculator
You earn $355 more with UFB Direct than Wells Fargo 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.
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
Wells Fargo
Platinum Savings
Higher APY requires $1,000,000
Savings Breakdown
- Interest Earned+$5.00(0.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,005.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Top Market Contenders
See who beats both UFB Direct and Wells Fargo.
| Feature | UFB Direct | Wells Fargo |
|---|---|---|
| APY | 3.60% Range: 3.40% - 3.60% Verified: 12/18/2025 ↘︎ 0.50%90d Change | 0.05% Range: 0.05% - 0.05% Verified: 12/18/2025 ↘︎ 2.46%90d Change |
| Product Name | UFB Checking and Savings Bundle | Platinum Savings |
| Minimum Deposit | $5000 | $25 |
| Min. Balance for APY | $10,000 | $1,000,000 |
| Monthly Fee | $0 | $12. Waived with $3,500 minimum daily balance. |
| Branch Access | None | Yes |
| Account Type | Online Only | Online & Branches |
| Direct Deposit Req. | Required | None |
| Checking Bundle | Yes | Yes |
| Mobile Apps | iOS4.8 Android4.3 | iOS4.9 Android4.8 |
| BBB Rating | A+ | D- |
| Important Notes | 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. | This is a tiered savings account where rates vary based on the balance. The 0.05% APY is available for balances of $1,000,000 or more, and 0.05% APY up to $99,999.99. These APYs require the account is linked to a Wells Fargo Premier checking account. See bank for more tiers and details. |
| Next Steps | SponsoredOpen Account |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | UFB Direct | Wells Fargo | ||
|---|---|---|---|---|
| UFB Checking and Savings Bundle | UFB Portfolio Savings | Platinum Savings | Way2Save Savings | |
Current APY | 3.60% | 3.40% | 0.05% | 0.01% |
Trend | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | -14.2 | -14.2 | -69.3 | 0.0 |
Days Since Change | 7 | 7 | 62 | 155 |
5-Month High | 4.21% | 4.01% | 2.51% | 0.01% |
5-Month Low | 3.60% | 3.40% | 0.05% | 0.01% |
Adjustments / Mo | 0.77 | 0.77 | 0.58 | 0.00 |
Volatility Score | 0.058 | 0.061 | 0.946 | 0.000 |
How to read these metrics(Click to expand)
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