UFB Direct offers a really competitive APY rate in their UFB Premier Money Market Account, a high-yield savings product.
You can find slightly higher rates elsewhere, but nearly all of those will have high minimum balance requirements or tiers. In other words, you'll earn a great rate over $200,000, but then the rate drops considerably for balances under $25,000.
UFB Direct, on the other hand, has no limits.
There's no opening deposit minimum or ongoing balance requirements.
How To Earn The Bonus
The UFB Direct UFB High Yield Money Market promotion requires you to complete the following in order to earn the 4.81% APY.
Full requirements to receive this bonus are:
- Open a new UFB Premier Money Market Account using the link below.
- Transfer money into the new account.
- Interest compounds daily and will be credited to your account each month.
The fine print
Please refer to the institution's website for any terms and conditions that may apply.
How does this mma offer from UFB Direct compare?
To help you determine how this bonus stacks against the rest, here are some of the most popular offers available right now:
Chase Business Complete Checking®
- Account Type
- Business Checking
- Expires In
- 17 days
- Min Balance
- Card Spend (optional)
Why UFB Direct?
UFB Direct, a division of Axos Bank, specializes in just two products: savings accounts and mortgages.
Saving comes in two flavors: a HYSA and a MMA. For now, the APY is the same across the board regardless of which account type you choose or how much you have saved.
As an online-only bank, you can expect the online experience to be smooth and feature-rich. The well-reviewed app (4.8-stars on iOS and 4.2-stars on Google Play) offers a quick overview of your account activity in its dashboard, the ability to manage bill pay, external and internal transfers, and to deposit checks.
UFB High Yield Money Market
The UFB High Yield Money Market account offers an ultra competitive APY. You'll need to maintain at least $5,000 in the account to keep it free, but in exchange, you have the ability to write up to six checks each month.
If the check-writing isn't a value-add for you, we recommend going with their UFB High Yield Savings account instead, however. For now, the APY is the same, but that account is free.
UFB High Yield Money Market does charge a monthly fee of $10, but there are ways to get this waived:
- Maintain a balance of at least $5,000
Bank products and services are provided by Axos Bank®, member FDIC.