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UFB Portfolio Savings: Earn Expired

up to 5.15% APY
+115 Deal Score
261,279 Views
UFB Direct, our partner, offers the following benefits with their UFB Portfolio Savings account:
  • 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
Thanks to staff member EfficientGame645 for finding this deal.

Slickdeals may be compensated by UFB Direct

Original Post

Written by
Edited September 19, 2024 at 10:43 AM by
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
Slickdeals may be compensated by UFB Direct
Created 08-11-2023 at 02:49 PM by EfficientGame645
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
+115
261,279 Views
up to 5.15% 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.

454 Comments

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Featured Comments

I have this account, started a few months ago. Only drawback I've found is that if/when they increase the interest rate on their accounts, you have to manually request an increase each time. I started at 5.03%, now requested an increase to 5.25%. I messaged them in the app at 4:53pm, they responded and updated my rate at 5:03pm (exactly 10 min). I'm ok doing a couple minutes worth of work a couple/few times a year to maintain the highest percentage. Works exactly as promised otherwise, great rates.
As per their website FAQ...

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.com/Support/faqs
I had the same experience today. Happened to check my account and found that my 5.09% rate had been downgraded to 4.5%. I spoke to CS on the phone and they raised my rate to 5.25%. I asked what the deal was with lowering my interest rate when rates are rising -- including the rates they offer new customers. He said that I just have to check my account every week or so to see if they do it again!

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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Joined Dec 2018
L2: Beginner
> bubble2 34 Posts
38 Reputation
JonK4872
12-09-2023 at 12:07 PM.
12-09-2023 at 12:07 PM.
I just buy tbills with schwab. As a bonus, no state income tax on the interest.
Reply
Joined Dec 2021
L1: Learner
> bubble2 19 Posts
22 Reputation
IsipShotz
12-10-2023 at 03:08 AM.
12-10-2023 at 03:08 AM.
Quote from Gager :
Just FYI to anyone trying this for the first time, the app is not great and kept asking me to "make my initial deposit". I ended up doing it 3-4 times because it never said transaction successfully made wait x amount of hours for it to post or something along those lines and when I opened the app it kept asking me "make your initial deposit" so I ended up over drawing my checking account by like 80k after all 4 of the transactions eventually posted. Seeing my checking account in the negative was startling to say the least. Their customer service was useless to remedy this. Apple savings account app, chase app are much better fwiw

If you are unsure if you successfully scheduled a transaction, go to the "move" tab on the bottom of the app and then head to "scheduled transfers". This will show you all pending transactions, and you can cancel and adjust them from that tab.

It usually also takes no less than 2 business days for the scheduled transfers to actually go through so you will have time to remedy the situation if needed.
Reply
Joined Mar 2021
L3: Novice
> bubble2 114 Posts
14 Reputation
PowerfulMagic3488
12-10-2023 at 08:24 AM.
12-10-2023 at 08:24 AM.
Quote from caldog101 :
This for quick access to cash and treasuries for tax benefits. Between the 2 of them earning 5.25% it's a great place to park savings
Can you tell me more about treasuries? Why would I use them over something like this? Truly asking because I am ignorant, not because I know any better...just trying to make sure I am getting the best use out of my money. Thanks!
Reply
Joined Mar 2021
L3: Novice
> bubble2 114 Posts
14 Reputation
PowerfulMagic3488
12-10-2023 at 08:36 AM.
12-10-2023 at 08:36 AM.
Quote from JonK4872 :
I just buy tbills with schwab. As a bonus, no state income tax on the interest.
Any reason Schwab over anything else? Genuinely curious. Also, are you sure that tax benefit is with every state? Thanks!
Reply
Joined Feb 2009
L3: Novice
> bubble2 259 Posts
32 Reputation
fxclm5
12-10-2023 at 05:16 PM.
12-10-2023 at 05:16 PM.
Quote from Gager :
Just FYI to anyone trying this for the first time, the app is not great and kept asking me to "make my initial deposit". I ended up doing it 3-4 times because it never said transaction successfully made wait x amount of hours for it to post or something along those lines and when I opened the app it kept asking me "make your initial deposit" so I ended up over drawing my checking account by like 80k after all 4 of the transactions eventually posted. Seeing my checking account in the negative was startling to say the least. Their customer service was useless to remedy this. Apple savings account app, chase app are much better fwiw
Lol, you ended up doing this 3-4 times, you yourself don't even know how many times you did it???

And your blaming the app for something you clicked and processed completely through, I don't see how you can blame the app lol

I am not sure even if Apple or chase apps give you instant $ transfer, I have chase too and that is not the case.

And your asking customer service for what, to go back in time??? You clicked through the transaction and never bothered to check your transactions in process, if I were you - I would change and make it a habit to check the transaction history to see if they have posted instead of complaining it's the app. Nobody forced you to transfer funds 4x lol, I have like 6+ banking apps they all have transaction history to see - it's just like old checking accounts, you are responsible to record and know your balances instead of writing more and more checks and then blame the bank you went negative laugh out loud
2
Reply
Joined Nov 2011
L4: Apprentice
> bubble2 447 Posts
34 Reputation
User1654112
12-11-2023 at 08:24 AM.
12-11-2023 at 08:24 AM.
Keep an eye on your account...I signed up for this in April and checked today and for some reason it was at 4% NOT the advertised rate of 5%...I had to contact them to resolve this.

This bank is also pretty worthless I would have stayed with my original bank if it wasn't for this promo

So keep these bankers honest, I know virtually impossible in the US
Reply
Joined Sep 2009
L7: Teacher
> bubble2 2,339 Posts
258 Reputation
animageofmine
12-13-2023 at 11:55 AM.
12-13-2023 at 11:55 AM.
Quote from freshsqueezed :
As per their website FAQ...

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.com/Support/faqs
Ty! The transfer out limit sucks. Too bad.
Reply

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Joined Sep 2009
L7: Teacher
> bubble2 2,339 Posts
258 Reputation
animageofmine
12-13-2023 at 11:56 AM.
12-13-2023 at 11:56 AM.
Quote from PowerfulMagic3488 :
Any reason Schwab over anything else? Genuinely curious. Also, are you sure that tax benefit is with every state? Thanks!
At least CA from what I know.
Reply
Joined Sep 2011
L2: Beginner
> bubble2 37 Posts
14 Reputation
rmf1981
12-15-2023 at 07:19 PM.
12-15-2023 at 07:19 PM.
Quote from BullittEV :
Doesnt work for people like me where I want access to all of my cash immediately (house down payment). Still using PNC @ 4.65% for that reason.

Ugh. PNC treats people like they would rather not be a retail bank at all.
Reply
Joined Aug 2016
L6: Expert
> bubble2 1,145 Posts
150 Reputation
Batmansplumber
12-16-2023 at 05:15 PM.
12-16-2023 at 05:15 PM.
Quote from PowerfulMagic3488 :
Can you tell me more about treasuries? Why would I use them over something like this? Truly asking because I am ignorant, not because I know any better...just trying to make sure I am getting the best use out of my money. Thanks!

Trust
1
Reply
Joined Mar 2021
L3: Novice
> bubble2 114 Posts
14 Reputation
PowerfulMagic3488
12-16-2023 at 05:35 PM.
12-16-2023 at 05:35 PM.
Quote from Batmansplumber :
Trust

What? Why? I'm not sure why you bothered posting that answer, it didn't give any information nor help anyone.
1
Reply
Last edited by PowerfulMagic3488 December 16, 2023 at 05:37 PM.
Joined Mar 2021
L3: Novice
> bubble2 114 Posts
14 Reputation
PowerfulMagic3488
12-16-2023 at 05:36 PM.
12-16-2023 at 05:36 PM.
Quote from Jenny_Talia :
Keep an eye on your account...I signed up for this in April and checked today and for some reason it was at 4% NOT the advertised rate of 5%...I had to contact them to resolve this.

This bank is also pretty worthless I would have stayed with my original bank if it wasn't for this promo

So keep these bankers honest, I know virtually impossible in the US

How is the Bank worthless?
1
Reply
Joined Aug 2016
L6: Expert
> bubble2 1,145 Posts
150 Reputation
Batmansplumber
12-16-2023 at 09:46 PM.
12-16-2023 at 09:46 PM.
Quote from PowerfulMagic3488 :
What? Why? I'm not sure why you bothered posting that answer, it didn't give any information nor help anyone.

Apologies, I had assumed it was obvious. I don't trust this bank, and the previous comments underscore why. I do trust T Bills.
Reply
Joined Mar 2023
New User
> bubble2 6 Posts
10 Reputation
FeistyCatfish5855
12-18-2023 at 06:40 AM.
12-18-2023 at 06:40 AM.
Quote from madrascaldavid :
I have this account, started a few months ago. Only drawback I've found is that if/when they increase the interest rate on their accounts, you have to manually request an increase each time. I started at 5.03%, now requested an increase to 5.25%. I messaged them in the app at 4:53pm, they responded and updated my rate at 5:03pm (exactly 10 min). I'm ok doing a couple minutes worth of work a couple/few times a year to maintain the highest percentage. Works exactly as promised otherwise, great rates.
What happens if they lower their rate? Do you have to request it to be lowered Smilie
Reply

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Joined Apr 2022
L4: Apprentice
> bubble2 334 Posts
30 Reputation
ShrewdSnow237
12-19-2023 at 11:54 AM.
12-19-2023 at 11:54 AM.
Quote from MadJukes :
User beware - I had a 5.01% previously and checked recently to update it to 5.25%

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.
Report to the CFBP, online complaint is easy to do. I did the same when my bank completely screwed me out of a 5.25% with small print that I believe didn't apply. Even if nothing comes of it it makes shitty banks do work to justify their nonsense
Reply
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