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UFB Portfolio Savings: Earn Expired

up to 5.15% APY
+115 Deal Score
265,097 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 11:43 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 03:49 PM by EfficientGame645
in Finance Axos Bank
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Deal
Score
+115
265,097 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 Jan 2019
L1: Learner
> bubble2 2 Posts
10 Reputation
SensibleSeagull957
01-18-2024 at 12:09 AM.
01-18-2024 at 12:09 AM.
This is not a bad rate, but there are better ones out there. This website tracks and updates rates daily: https://yieldfinder.app/
Reply
Joined Aug 2009
All deals all day
> bubble2 4,394 Posts
2,277 Reputation
madrascaldavid
01-18-2024 at 01:32 AM.
01-18-2024 at 01:32 AM.
Quote from denrama :
They decreased my interest rate. I have to call them and adjust the rate

Never had it decrease, still at 5.25%, just checked.
1
Reply
Joined Jun 2011
L4: Apprentice
> bubble2 311 Posts
51 Reputation
str8
01-18-2024 at 03:46 PM.
01-18-2024 at 03:46 PM.
Quote from madrascaldavid :
Never had it decrease, still at 5.25%, just checked.
Same for me, still at 5.25%. Must be all the nay-sayers who are working for other banks that are still providing the wopping .01% APY on savings accounts.
1
Reply
Joined Jan 2024
New User
> bubble2 4 Posts
14 Reputation
BeigeGuitar6772
01-20-2024 at 12:09 AM.
01-20-2024 at 12:09 AM.
is this the best bank with no fees? any other banks you would recommend?
Reply
Joined Nov 2016
L2: Beginner
> bubble2 95 Posts
16 Reputation
bluejays37
01-20-2024 at 02:57 PM.
01-20-2024 at 02:57 PM.
I opened an account. It seems it is all automated. It took about a week for my money to show up. I am a bit nervous about it. As long as you don't mind doing everything yourself, it seems pretty good.
Reply
Joined Jan 2007
L10: Grand Master
> bubble2 28,287 Posts
2,718 Reputation
cgigate
01-20-2024 at 03:04 PM.
01-20-2024 at 03:04 PM.
wish the bank will not break in short term , or cap your deposit for less 250k to be safe.
Another risk signal, the real bank has different name than UFB Direct, the bank name is Axos!
1
Reply
Last edited by cgigate January 20, 2024 at 08:15 PM.
Joined Jun 2021
L6: Expert
> bubble2 1,636 Posts
57 Reputation
Hawaiiana
01-23-2024 at 10:35 AM.
01-23-2024 at 10:35 AM.
Quote from BullittEV :
Thanks, too bad.

How the f do they not allow me to take out my money out if I put 200K. That would mean I have to wait 4 months to take it out? Terrible.
Reply

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Joined Dec 2006
L5: Journeyman
> bubble2 621 Posts
33 Reputation
caspersdeals
01-23-2024 at 10:00 PM.
01-23-2024 at 10:00 PM.
I have never had my rate go down, but have had to send them a message when the rate goes up and they will make the change. The update happens in a day or two. The 1099 form has an address of Axos Bank in San Diego, CA which you can access the form from the app. Enjoy!
Reply
Joined Jan 2006
L5: Journeyman
> bubble2 583 Posts
46 Reputation
catman17
01-24-2024 at 08:20 AM.
01-24-2024 at 08:20 AM.
Quote from BeigeGuitar6772 :
is this the best bank with no fees? any other banks you would recommend?

Milli bank has 5.5% currently with no fees!
Reply
Joined Aug 2009
L3: Novice
> bubble2 140 Posts
22 Reputation
peste19
01-24-2024 at 10:37 AM.
01-24-2024 at 10:37 AM.
Quote from catman17 :
Milli bank has 5.5% currently with no fees!

For me the issue with Milli as it only uses plaid, even though it takes longer, I prefer the old trial deposit method
Reply
Joined Feb 2021
L6: Expert
> bubble2 1,847 Posts
308 Reputation
nyc10036
01-24-2024 at 10:46 AM.
01-24-2024 at 10:46 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
$60K a month limit is a deal breaker.
Reply
Joined Jun 2013
L2: Beginner
> bubble2 59 Posts
10 Reputation
DaveDray
01-25-2024 at 03:10 AM.
01-25-2024 at 03:10 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.

How did you know that the interest rate had changed?
Reply
Joined Aug 2009
All deals all day
> bubble2 4,394 Posts
2,277 Reputation
madrascaldavid
01-25-2024 at 08:36 AM.
01-25-2024 at 08:36 AM.
Quote from DaveDray :
How did you know that the interest rate had changed?

I saw it on here and then on their landing page. I visit every couple or few weeks just to make sure my rate is current and the highest.
Reply
Joined Sep 2008
L5: Journeyman
> bubble2 679 Posts
36 Reputation
eIplbe
01-27-2024 at 05:59 PM.
01-27-2024 at 05:59 PM.
I have had account with them for over a year just checked and my apy was at 4.5% for some reason. I had to reach out few months ago to get this bumped up, just messaged them and was told it is up to me to monitor and ask for increase? Is that right?
Reply

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Joined Jan 2006
L5: Journeyman
> bubble2 583 Posts
46 Reputation
catman17
01-28-2024 at 09:30 AM.
01-28-2024 at 09:30 AM.
Quote from peste19 :
For me the issue with Milli as it only uses plaid, even though it takes longer, I prefer the old trial deposit method

Then just connect your other institutions from their side?
Reply
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