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UFB Portfolio Savings: Earn Expired
up to 5.15% APY
UFB Direct, our partner, offers the following benefits with their UFB Portfolio Savings account:
Slickdeals may be compensated by UFB Direct
- Earn up to 5.25% -> now $5.15% 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
Original Post
Written by
Edited September 19, 2024
at 10:43 AM
UFB Direct our partner, offers the following benefits with their UFB Secure Savings account:
- Earn up to 5.25% APY*.
- No monthly maintenance fees.
- No minimum deposit requirement
- Complimentary ATM card
- Digital tools for seamless remote banking
- Free transfers between direct deposit accounts
Created 08-11-2023
at 02:49 PM
by EfficientGame645
in
Finance
Axos Bank
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Featured Comments
The dollar limits at funding are:
Maximum to transfer in: $250,000.00
The dollar limits after your account is funded are:
Maximum per day in or out $30,000.00
Maximum per month $60,000.00
You may not make funds transfers in excess of limits described on the External Bank Transfer service.
We reserve the right to change from time to time the dollar amount of funds transfers you are permitted to make using our service.
https://www.ufbdirect.c
So basically, this is a great account for folks willing to call them on their BS. Apparently enough customers don't do that to make it worthwhile for them to play games like this.
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This account makes more money than my capital one CD and that money is tied up for like 8 months to go.
I had them pull the same stunt. Switching banks, not looking back.
And they can do this by lowering the rates on existing accounts so any new accounts at the higher rate creates a type of "wash sale" effect.
It's a marketing game specifically set up to attract as many new accounts as possible.
They had, at some point, dropped my APY to 4.8x% without my knowing.
Took my money out, I'm not here to play games.
Their parent company is not a bank so they are also not in Bankrate.
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Is there a better way? Probably worth the 0.14% expense ratio on a T-bill-tracking ETF, right? Anything else I'm missing?
I beg you to downvote this awful company to prevent others from being scammed as well. Look at all of the other posts showing them doing this same thing to them.
I beg you to downvote this awful company to prevent others from being scammed as well. Look at all of the other posts showing them doing this same thing to them.
You can easily chat or email them requesting the new higher apy interest. It's true they auto decrease your rate, and you have to manually request for increases.
To everyone else get T-Bills or VUSXX on Vanguard it pays very similar and has lower income taxes.
So basically, this is a great account for folks willing to call them on their BS. Apparently enough customers don't do that to make it worthwhile for them to play games like this.
Edit: As with others, a rate change was a breeze when asking. I mentioned how I didn't like how they moved rates down without notification, and they basically said "Your agreement says we can and we do." I let them know that while I know they CAN do it, as a customer, I don't think they SHOULD do it. As I said, I plan on moving this elsewhere shortly. I don't want to reward this BS.
They had, at some point, dropped my APY to 4.8x% without my knowing.
Took my money out, I'm not here to play games.
How could they drop your APY without letting you know ?
I checked my account the rate is consistent
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