UFB Direct vs. Wells Fargo
Comparing UFB Direct and Wells Fargo for savings: UFB Direct's UFB Checking and Savings Bundle pays 3.46% APY while Wells Fargo's Platinum Savings pays 0.05% APY.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? UFB Direct pays $341 more than Wells Fargo annually ($346 vs $5).
Choose UFB Direct if getting the best rate matters most. Choose Wells Fargo if you value in-person banking, or you want Zelle for quick transfers.
Important Considerations
Both banks require a checking account to access their highest savings rates.
| Metric | UFB DirectUFB Checking and Savings Bundle Feb 6, 2026 | Wells FargoPlatinum Savings Feb 6, 2026 |
|---|---|---|
| APY | 3.26% - 3.46% | 0.05% |
Est. Earnings | $5,000+$163 $10,000+$346 $25,000+$865 | $5,000+$3 $10,000+$5 $25,000+$13 |
Min Deposit | $5000 | $25 |
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. | 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. |
| Features | FDIC InsuredHigh MinimumGreat iOS AppGreat Android AppDirect Deposit ReqChecking BundleDaily CompoundingRate Changes Often | FDIC InsuredHigh MinimumGreat iOS AppGreat Android AppIn-Person AccessZelle® SupportedChecking BundleDaily CompoundingRate Changes Often |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.15% APY.
Comparison Analysis
Comparing UFB Direct vs. Wells Fargo
Executive Summary
UFB Direct offers a compelling UFB Portfolio Savings account with a competitive APY of 3.26%, making it an attractive option for savers looking for higher returns without any direct deposit requirements or minimum balance constraints. In contrast, Wells Fargo's savings products, including the Way2Save Savings account and the Platinum Savings account, yield significantly lower APYs of 0.01% and 0.05%, respectively, with the latter requiring a linked checking account for its higher tier rates. Overall, UFB Direct stands out as the clear winner for those seeking better savings returns.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
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 (3.26%-3.46% 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 4.4)
- ✓Fast transfers via Zelle® (up to $3,500 a day)
— Key Feature Differences —
Better Returns at $10,000
UFB DirectUFB Direct's UFB Checking and Savings Bundle earns more on smaller deposits (approx. $346 vs $5/yr).
Better Returns at $25,000
UFB DirectUFB Direct's UFB Checking and Savings Bundle pulls ahead with larger amounts (approx. $865 vs $13/yr).
Best for Simplicity
UFB DirectUFB Direct's UFB Portfolio Savings offers 3.26% 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 $341 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.
* Secure link to our partner
Non-sponsored link to official site
Top Market Contenders
UFB Direct vs. Wells Fargo Savings Calculator
You earn $341 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+$346.00(3.3%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,346.00
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.
| Feature | UFB Direct | Wells Fargo |
|---|---|---|
| APY | 3.46% Range: 3.26% - 3.46% Verified: 2/6/2026 ↘︎ 0.25%90d Change | 0.05% Range: 0.05% - 0.05% Verified: 2/6/2026 Stable (90d) |
| 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. |
| Compound Frequency | Daily | Daily |
| Branch Access | None | Yes |
| Account Type | Online Only | Online & Branches |
| Physical Branches | None | Wells Fargo offers branches and ATMs in 36 states and Washington, D.C. |
| Direct Deposit Req. | Required | None |
| Checking Bundle | Yes | Yes |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Not Supported | Available Limit: $3,500/dayFounding member; zero fees to replace wires. |
| BBB Rating | A+ | 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. | 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 | Visit SiteGo to UFB Direct * Secure link to our partner | Visit SiteVerify at Wells Fargo Non-sponsored link to official site |
📈 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 | 3.46% | 3.26% | 0.05% | 0.01% |
Trend | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | -13.9 | -13.9 | -51.1 | 0.0 |
Days Since Change | 31 | 31 | 112 | 206 |
7-Month High | 4.21% | 4.01% | 2.51% | 0.01% |
7-Month Low | 3.46% | 3.26% | 0.05% | 0.01% |
Adjustments / Mo | 0.73 | 0.73 | 0.44 | 0.00 |
Volatility Score | 0.073 | 0.078 | 1.252 | 0.000 |
How to read these metrics(Click to expand)
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More Comparisons
Compare UFB Direct's APY of 3.46% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| UFB Direct vs Ally Bank | 3.30% | $0 |
| UFB Direct vs American Express | 3.30% | $0 |
| UFB Direct vs Axos Bank | 4.21% | $0 |
| UFB Direct vs Bank of America | 0.01% | $100 |
| UFB Direct vs Barclays | 4.00% | $0 |
| UFB Direct vs Capital One | 3.30% | $0 |
| UFB Direct vs Chase Bank | 0.01% | $0 |
| UFB Direct vs Chime | 3.00% | $0 |
| UFB Direct vs CIT Bank | 3.75% | $100 |
| UFB Direct vs Citibank | 3.20% | $0 |
| UFB Direct vs Discover Bank | 3.30% | $0 |
| UFB Direct vs EverBank | 3.90% | $0 |
| UFB Direct vs Marcus by Goldman Sachs | 3.65% | $0 |
| UFB Direct vs Newtek Bank | 4.20% | $0.01 |
| UFB Direct vs Openbank | 4.09% | $500 |
| UFB Direct vs Pibank | 4.60% | $0 |
| UFB Direct vs SoFi Bank | 4.00% | $0 |
| UFB Direct vs Synchrony Bank | 3.50% | $0 |
| UFB Direct vs Varo Bank | 5.00% | $0 |
| UFB Direct vs Wealthfront | 3.95% | $0 |