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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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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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Our community has rated this post as helpful. If you agree, why not thank huss797
I have chase private client (free wires - can maintain status by keeping $100k in treasury bills with chase), same/next day e-deposit availability.
I ordered checks for the account from walmart.
So if I get a check I want to earn interest on ASAP, I will e-deposit it in chase and wire the funds to UFB. I then setup all my expenses to come out of UFB. And I write all my checks out of UFB.
If I need to withdraw funds ASAP, I just write a check to myself and e-deposit it at chase - ideally on a thurs/fri so I earn interest over the weekend. Also, I did a few withdrawals for 50k via check before I even realized they have a 30k/day policy and no issues. I think this limit only applies for transfers initiated from UFB
This account makes more money than my capital one CD and that money is tied up for like 8 months to go.
Tried this last year. WAS. NOT. WORTH. IT.
There are hidden limits on how much you can transfer out at a time that do not align with their documentation, which prevented me from getting my money out. Tried contacting support at least 10 times and they were completely unhelpful. I asked them over and over to close my account, they said they couldn't until I withdrew all my money, but the whole reason for closing my account is because they wouldn't let me withdraw my money. Felt like a total scam. Switched to cash/savings account at Wealthfront, couldn't be happier.
* The Annual Percentage Yield (APY) is accurate as of 10/2/2023. The interest rate and corresponding APY for savings is variable and is set at our discretion. This is a tiered variable rate account. Interest rates may change as often as daily without prior notice. Fees may reduce earnings.
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I concur with they lowered it one time without notifying me as well 5.03 to 4.85. I contactwd them and they moved it up to the new 5.25 the next day
BIL has 5.2% yield right now (net after expenses), and it just tracks the market so you won't be in for any nasty surprises.
1) Monitor your interest rate. I signed up right at 5%. They increased the rate on their site to 5.25 but somehow my rate had dropped to 4.75%. It's one thing not to automatically raise it, but to lower it for no reason didn't sit well with me. I spoke to customer service, which isn't easy, and they couldn't explain it. If you're willing to check your rate a few times a month you'll get among the highest with UFB, but they like to move it around and hope you don't notice.
2) They are slow to move money. I mean SLOOOOOOW. I've had it take up to 2 weeks for a deposit to show and start accruing interest. If you are going to move money very often, this isn't the bank for you. If you want to park $100K, then see item #1 and you should be fine.
also outbound 20k bank to bank is pretty large, all my other banks/credit unions may have a daily limit of like 10k incoming/outgoing, ive been with this bank for this year, and plan to wire out whenever the time comes, ill pay the 1x wire fee, they have paid me handsomely in the interest
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BIL has 5.2% yield right now (net after expenses), and it just tracks the market so you won't be in for any nasty surprises.
5.25% is bigger than 5.2%.
Math has the power.
The brain is a good thing if you can use it correctly 😜