Ufb Direct vs Wells Fargo
High-Yield Savings Accounts Comparison
Last Updated: September 18, 2025
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Summary of UFB Direct vs. Wells Fargo
As of September 18, 2025 UFB Direct offers an APY of 4.10% for its UFB Checking and Savings Bundle account, with a minimum balance of $10,000, compared to Wells Fargo's 2.51% APY for its Platinum Savings account, with a minimum balance of $1,000,000.
UFB Direct yields $405 more than Wells Fargo on a $10,000 balance after one year. UFB Direct pays $410, while Wells Fargo pays $5 (with an effective APY of 0.05%) - an APY advantage for UFB Direct.
In addition, UFB Direct also offers 3.90% APY for the UFB Portfolio Savings account, while Wells Fargo offers 0.01% APY for the Way2Save Savings account.
UFB Direct
Strengths
- UFB Direct offers a high APY of 4.10%, boosted by direct deposits and a minimum balance.
- UFB Direct has an A+ BBB rating and is BBB Accredited.
- UFB Direct has no maintenance fees on its accounts.
Potential Drawbacks
- UFB Direct has no physical branches.
- UFB Direct's APY decreased from 4.21% to 4.10% in the last 30 days.
- UFB Direct requires a minimum deposit of $5,000 for its high-yield account.
Wells Fargo
Strengths
- Wells Fargo offers physical branches and ATMs in 36 states and Washington, D.C.
- Wells Fargo's Platinum Savings account has a stable APY of 2.51% for high balances.
- Wells Fargo has a 4.9 App Store rating and a 4.8 Google Play rating.
Potential Drawbacks
- Wells Fargo has an F BBB rating and is not BBB Accredited.
- Wells Fargo's high APY requires a minimum balance of $1,000,000.
- Wells Fargo charges a $12 maintenance fee on the Platinum Savings account.
Summary: UFB Direct offers a significantly higher APY of 4.10% compared to Wells Fargo's 2.51%, but requires a $5,000 minimum deposit. UFB Direct has no branches and an A+ BBB rating, while Wells Fargo has physical locations but an F BBB rating. Additionally, Wells Fargo's high APY is only available for balances of $1,000,000 or more, making UFB Direct more accessible for savers looking for higher yields.
Compare UFB Direct's vs Wells Fargo's Savings Accounts
| UFB Direct | Wells Fargo | ||||
|---|---|---|---|---|---|
| Product | UFB Portfolio Savings | UFB Checking and Savings Bundle | vs | Way2Save Savings | Platinum Savings |
| APY | 3.90% (as of 9/18/2025) | 3.90% - 4.10% (as of 9/18/2025) | 0.01% (as of 9/18/2025) | 0.05% - 2.51% (as of 9/18/2025) | |
| Bundled Account | No | No | No | Yes | |
| FDIC-insured | Yes | Yes | Yes | Yes | |
| Online Only | Yes | Yes | No | No | |
| Compound Frequency | Daily | Daily | Daily | Daily | |
| Minimum Deposit | $0 | $5000 | $25 | $25 | |
| Minimum Balance for APY | $0 | $10,000 | $0 | $1,000,000 | |
| Maintenance Fee | $0 | $0 | $5. Waived under some circumstances. | $12. Waived with $3,500 minimum daily balance. | |
| Direct Deposit Required | No | Yes | No | No | |
| Note | The regular savings or money market APY may be boosted up to 4.10% by direct deposits, minimum balance of $10,000 and making 10 approved debit card transactions per statement cycle. See bank for full details. | This is a tiered savings account where rates vary based on the balance. The 2.51% 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. | |||
| Sponsored Link | LEARN MORE at UFB Direct, Member FDIC | LEARN MORE at UFB Direct, Member FDIC | |||
| App Store Rating | 4.8/5 | 4.9/5 | |||
| Google Play Rating | 4.5/5 | 4.8/5 | |||
| BBB Rating | A+ | F | |||
Comparative Historical APY Insights (Last 2 Months)
| UFB Direct | Wells Fargo | ||||
|---|---|---|---|---|---|
| Product | UFB Checking and Savings Bundle | UFB Portfolio Savings | vs | Platinum Savings | Way2Save Savings |
| Latest APY | 4.10 % | 3.90 % | 2.51 % | 0.01 % | |
| Trend | Sideways | Sideways | Sideways | Sideways | |
| Slope (bps/mo) | -0.6 | -0.6 | -0.0 | 0.0 | |
| Rate Changes / Mo | 0.46 | 0.46 | 0.00 | 0.00 | |
| Days Since Last Change | 0 | 0 | 64 | 64 | |
| High (-2 m) | 4.21 % | 4.01 % | 2.51 % | 0.01 % | |
| Low (-2 m) | 4.10 % | 3.90 % | 2.51 % | 0.01 % | |
| Draw-down from High | -2.6 % | -2.7 % | 0.0 % | 0.0 % | |
| Volatility (CV) | 0.004 | 0.004 | 0.000 | 0.000 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 2 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 (-2 m)
- Highest APY in the last 65 days.
- Low (-2 m)
- Lowest APY in the last 65 days.
- Draw-down from High
- How far today sits below the 2-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 UFB Direct vs Wells Fargo
All calculations are based on APY.
UFB Direct
APY: 4.10%
⚠️The higher APY only applies once your balance reaches $10,000.
Total savings breakdown:
- Interest earned: $2,469.5 (12.06%)
- Total contributions: $13,000 (63.51%)
- Initial deposit: $5,000 (24.43%)
Your total balance
$20,469.50
Effective APY: 4.05% (based on your deposit and contributions)
Total balance: $20,469.5
Earnings: $2,469.5
Wells Fargo
APY: 2.51%
⚠️The higher APY only applies once your balance reaches $1,000,000.
Total savings breakdown:
- Interest earned: $28.6 (0.16%)
- Total contributions: $13,000 (72.11%)
- Initial deposit: $5,000 (27.73%)
Your total balance
$18,028.60
Effective APY: 0.05% (based on your deposit and contributions)
Total balance: $18,028.6
Earnings: $28.6
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, UFB Direct's total earnings would be $2,440.9 higher than Wells Fargo's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
More Comparisons
Compare UFB Direct's APY of 4.10% with other banks
| Bank Pair | Competitor 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 BrioDirect | 4.30% | $5,000 |
| UFB Direct vs Capital One | 3.50% | $0 |
| UFB Direct vs Chase Bank | 0.01% | $0 |
| UFB Direct vs Chime | 3.75% | $0 |
| UFB Direct vs CIT Bank | 4.00% | $100 |
| UFB Direct vs Discover Bank | 3.50% | $0 |
| UFB Direct vs Elevault | 4.60% | $0 |
| UFB Direct vs EverBank | 4.30% | $0 |
| UFB Direct vs Fitness Bank | 4.75% | $100 |
| UFB Direct vs FVCbank | 4.35% | $500 |
| UFB Direct vs GO2bank | 4.50% | $0 |
| UFB Direct vs Marcus by Goldman Sachs | 3.65% | $0 |
| UFB Direct vs Neighbors Bank | 4.60% | $0 |
| UFB Direct vs Newtek Bank | 4.35% | $0 |
| UFB Direct vs Peak Bank | 4.35% | $100 |
| UFB Direct vs Pibank | 4.60% | $0 |
| UFB Direct vs Presidential Bank | 4.50% | $5,000 |
| UFB Direct vs Santander Bank | 0.03% | $25 |
| UFB Direct vs SoFi Bank | 4.50% | $0 |
| UFB Direct vs Synchrony Bank | 3.80% | $0 |
| UFB Direct vs TIMBR | 4.40% | $1,000 |
| UFB Direct vs Varo Bank | 5.00% | $0 |
| UFB Direct vs Zynlo Bank | 4.35% | $10 |
Compare Wells Fargo's APY of 2.51% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Wells Fargo vs Ally Bank | 3.50% | $0 |
| Wells Fargo vs American Express | 3.50% | $0 |
| Wells Fargo vs Axos Bank | 4.46% | $0 |
| Wells Fargo vs Bank of America | 0.01% | $100 |
| Wells Fargo vs Barclays | 4.10% | $0 |
| Wells Fargo vs BrioDirect | 4.30% | $5,000 |
| Wells Fargo vs Capital One | 3.50% | $0 |
| Wells Fargo vs Chase Bank | 0.01% | $0 |
| Wells Fargo vs Chime | 3.75% | $0 |
| Wells Fargo vs CIT Bank | 4.00% | $100 |
| Wells Fargo vs Discover Bank | 3.50% | $0 |
| Wells Fargo vs Elevault | 4.60% | $0 |
| Wells Fargo vs EverBank | 4.30% | $0 |
| Wells Fargo vs Fitness Bank | 4.75% | $100 |
| Wells Fargo vs FVCbank | 4.35% | $500 |
| Wells Fargo vs GO2bank | 4.50% | $0 |
| Wells Fargo vs Marcus by Goldman Sachs | 3.65% | $0 |
| Wells Fargo vs Neighbors Bank | 4.60% | $0 |
| Wells Fargo vs Newtek Bank | 4.35% | $0 |
| Wells Fargo vs Peak Bank | 4.35% | $100 |
| Wells Fargo vs Pibank | 4.60% | $0 |
| Wells Fargo vs Presidential Bank | 4.50% | $5,000 |
| Wells Fargo vs Santander Bank | 0.03% | $25 |
| Wells Fargo vs SoFi Bank | 4.50% | $0 |
| Wells Fargo vs Synchrony Bank | 3.80% | $0 |
| Wells Fargo vs TIMBR | 4.40% | $1,000 |
| Wells Fargo vs Varo Bank | 5.00% | $0 |
| Wells Fargo vs Zynlo Bank | 4.35% | $10 |