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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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After reading the comments this bank seems very bait and switch, offering different rates for people who have exactly the same account which may be fraudulent. That's probably how they can have such a high teaser rate is by shoveling bucket loads of dung on their current customers hoping they won't notice a rate decrease, and when customers do it will be perhaps weeks of lost interest if it gets switched to the higher rate.
Yes, it is for every state. Plus, the interest is also exempted from local taxes, e.g. city or county tax. Your only tax obligation is Federal.
A fairly likely rate drop in the new year will drop CD rates.
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US Treasuries are safer than US currency. The only risk is your money is locked up for a month before you can access it.
For background, I have had zero issues transferring money, I have transferred funds with ACH (30k highest i have done) and Wire transfers out far in excess of the amounts above. No issues. I do see the 15K limit written below but i literally just had a transfer clear of 30K via ACH this week. Maybe i will get an "Excess Transaction or Withdrawal Fee" as described in below but i have not seen anything yet.
This is what I can see when I go to my external transfer info.
If you need to make an external transfer that is over these dollar limits, please submit a Wire Transfer. There is no limit to the amount of money you can wire to an external account in your name as long as the funds are available in your account. Note: A wire transfer fee will be assessed by UFB Direct and there may also be a wire transfer fee assessed by the other financial institution.
AND this:
What are my transfer limits - number of times and dollar amount?
From your checking account(s), there is no limit to the number of transfers you can make between accounts.
However, Federal regulations limit withdrawals or transfers from your savings or money market account to a total maximum of six (6) per statement cycle (the period from one statement to the next). If you exceed the transfer limits 3 months in a rolling 12 month period, we are required to either convert your account to one not subject to transfer limitations or close your account. If we close or convert your account, you will receive a separate communication from us informing you of our actions. In addition, each time a transfer is paid against your account in excess of those allowed by federal regulation, you will be assessed an "Excess Transaction or Withdrawal Fee". Access your Deposit Account Terms and Conditions and Schedule of Fees by clicking the Disclosures link located at the bottom of Online Banking.
The dollar amount you may transfer depends on the amount of available funds you have in the account you are transferring from AND the following limits:
Internal Transfers: $15,000
External Transfer to a UFB Direct Account: Up to $15,000 a day / $2,000 a day if a new customer
External Transfer from a UFB Direct Account: Up to $15,000 a day
US Treasuries are safer than US currency. The only risk is your money is locked up for a month before you can access it.
That's why you just buy every week and use 13 weeks option and have total 13 purchases, weekly availability. Some people like monthly but I plan to do weekly with total 13 purchases.
Not subject to state or local taxes
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