UFB Direct Review 2019

UFB Direct Logo


UFB Direct is a division of Axos Bank. UFB Direct was established in 1999. The bank is a direct bank and doesn’t have any branches. It’s known for its UFB Direct Premium Money Market, which has one of the highest APYs around. It also recently launched its High Yield Savings account, which also has a top APY. However, both accounts require a minimum balance of $25,000.

High APYs
Top Saving Rates


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About UFB Direct

UFB Direct offers the opportunity to get one of the highest APYs around via its High Yield Savings account and Direct Premium Money Market account. UFB Direct is a division of Axos Bank. UFB Direct was established in 1999.

The UFB Direct Premium Money Market has both check-writing privileges and a debit card — which can even be used for point-of-sale transactions. But the account does fall under Regulation D, according to UFB Direct’s website, meaning its money market accounts are limited to six certain types of transactions per month. ATM withdrawals won’t count toward these six. Customers do have to pay shipping and handling on the order of checks.


  • You can view all accounts, not just your UFB Direct accounts, with FinanceWorks.
  • Money market account has accessibility features not always seen in the money market space.
  • Money market and savings accounts offer two of the highest APYs available.
  • The bank offers 24/7 phone support.


  • Money market and savings accounts require $25,000 balance to get the top APY.
  • Higher APYs available elsewhere if you can't reach the minimum balance.

UFB Direct Services

Savings Rating


The UFB High Yield Savings account offers a top-tier yield at 2.45 percent APY, but it also requires a minimum balance of $25,000 to earn it. Balances below that tier earn 0 percent. The High Yield Savings account doesn't carry a maintenance fee.


  • One of the highest APYs available nationwide.
  • No monthly maintenance fees.
  • Interest is compounded daily.


  • $25,000 minimum balance required to earn the top APY.
  • Balances under $25,000 won't earn any yield.

Savings accounts available from other banks

MMAs Rating


The UFB Direct Premium Money Market account offers both check-writing privileges and one of the highest APYs around on a money market account. You do need at least $25,000 in the account in order to earn the top APY. Balances below that threshold will earn only 0.5 percent APY. If you’re going to keep less than $25,000 in this account, you probably should look at other options that pay higher APYs on smaller balances. The Visa Debit card is a regular debit card that can be used for point-of-sale transactions. This account doesn’t provide ATM reimbursement. The cash withdrawal limit for using your debit card at an ATM is $310. The limit for using the Visa Debit card for a point-of-sale transaction is $500.


  • One of the most competitive APYs available.
  • Debit card can be used for point-of-sale transactions.
  • Account has check-writing privileges.


  • High minimum balance of $25,000 required for top APY.
  • Balances under $25,000 earn much lower APY.
  • No in-network ATMs, and ATM fees aren’t reimbursed.

MMAs available from other banks

Bank Experience Rating


UFB Direct’s mobile banking app offers the tried-and-true features, such as mobile deposit capture and the ability to pay your bills. The online-only bank stands out from some rivals through its budgeting tools. In using these features, you will also have the option to link your outside bank accounts to get insights across all of your money. If you like to transact in cash, you may want to look elsewhere. At UFB Direct, you won’t have access to ATMs. However, the bank provides access to more modern ways to make purchases. At UFB Direct, you can pay for things via Apple Pay and Google Pay.

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