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UFB Preferred Savings: Earn Expired

up to 5.02% APY
+52 Deal Score
105,813 Views
UFB Direct, our partner, offers the following benefits with their Preferred Savings account:
  • Earn up to 5.02% APY*.
  • No monthly maintenance fees.
  • No minimum deposit requirement
  • Complimentary ATM card
  • Digital tools for seamless remote banking
  • Free transfers between direct deposit accounts
Thanks to staff member LD7 for finding this deal.


Slickdeals may be compensated by UFB Direct

Original Post

Written by
Edited April 13, 2023 at 01:57 PM by
UFB Direct, our partner, offers the following benefits with their Preferred Savings account:
  • Earn up to 5.02% APY*.
  • No monthly maintenance fees.
  • No minimum deposit requirement
  • Complimentary ATM card
  • Digital tools for seamless remote banking
  • Free transfers between direct deposit accounts
Slickdeals may be compensated by UFB Direct
Created 02-22-2023 at 11:46 AM by LD7 | Staff
in Finance Axos Bank
If you purchase something through a post on our site, Slickdeals may get a small share of the sale.
Deal
Score
+52
105,813 Views
up to 5.02% APY
These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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This rate is not for a CD, this is a standard savings account rate. So the big difference is having complete liquidity versus putting your money into a CD which typically will have an early withdrawal penalty if you need to access your funds before maturity. Also, if you lock yourself into a CD and rates continue to go higher, you may lose out on some additional interest at other banks as they increase their rates. Once I see rates start to come down, I'll probably put some money into a CD that matures in a few years to continue to earn high interest even as rates start to decline.
They are jumping the gun by a week, counting on a 1/2 percent increase by the Fed in the next meeting. Assuming that happens, by the end of the month other online savings accounts will be in the 4.5% to 5% range. Solid rate tho.

And yeah, if you have more than $250k in an account, you might want to break that up and have a few accounts to keep your balances under that threshold…But I bet you already knew that if you have that much cash sitting around.
Nah takes like a day. They just sit on our money and earn on their end for a week then allow it to post so we start earning. LOL

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Joined Jul 2007
L6: Expert
> bubble2 1,020 Posts
218 Reputation
TurboMann
08-16-2023 at 03:39 PM.
08-16-2023 at 03:39 PM.
Quote from logoMANNYger :
Guys did you all check your rate today, I checked mine and it's not 5.02% anymore. It went down to 4.50%.
Mine also dropped from 5.02% to 4.50% without warning.

Contacting CS to get it increased to the new 5.25% rate per https://slickdeals.net/f/16854260-ufb-high-yield-savings-earn-up-to-5-25-apy
Reply
Joined Dec 2017
L4: Apprentice
> bubble2 473 Posts
359 Reputation
Joedaddy123
08-16-2023 at 03:58 PM.
08-16-2023 at 03:58 PM.
Quote from TurboMann :
Mine also dropped from 5.02% to 4.50% without warning.

Contacting CS to get it increased to the new 5.25% rate per https://slickdeals.net/f/16854260-ufb-high-yield-savings-earn-up-to-5-25-apy
Yikes that's not good.

Good thing I request the 5.25% last week. Already done.
Reply
Joined Jul 2008
L6: Expert
> bubble2 1,828 Posts
285 Reputation
localHero
08-16-2023 at 04:24 PM.
08-16-2023 at 04:24 PM.
[QUOTE=Joedaddy123;165309047]Yikes that's not good.

Good thing I request the 5.25% last week. Already done.[/QUOTE

Is UFB offering 5.25% now? I had them bump me up to 5.06% when I saw that but I hadn't seen higher. Is there a simple way to track their newest rate?


As for the folks who feel they're getting 4.5%, I suspect they aren't calculating APY accurately.
Reply
Joined Apr 2016
L5: Journeyman
> bubble2 646 Posts
101 Reputation
Jimi542
08-16-2023 at 05:01 PM.
08-16-2023 at 05:01 PM.
[QUOTE=localHero;165309524]
Quote from Joedaddy123 :
Yikes that's not good.

Good thing I request the 5.25% last week. Already done.[/QUOTE

Is UFB offering 5.25% now? I had them bump me up to 5.06% when I saw that but I hadn't seen higher. Is there a simple way to track their newest rate?


As for the folks who feel they're getting 4.5%, I suspect they aren't calculating APY accurately.

No, it really was 4.5%. I moved most of my money to Primus and was just checking how much I had in there. You just use their messaging system to request a higher rate. Takes them a few days for the new rate to go into effect.
Reply
Joined Jul 2008
L6: Expert
> bubble2 1,828 Posts
285 Reputation
localHero
08-16-2023 at 05:27 PM.
08-16-2023 at 05:27 PM.
[QUOTE=Jimi542;165310247]
Quote from localHero :

No, it really was 4.5%. I moved most of my money to Primus and was just checking how much I had in there. You just use their messaging system to request a higher rate. Takes them a few days for the new rate to go into effect.

4.5% was APR or APY? When I did the APY calculation on my account it came out to 5.02%

I just had mine adjusted to 5.25%. Thanks for mentioning that.
Reply
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