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UFB Portfolio Savings: Earn Expired

up to 5.15% APY
+115 Deal Score
279,963 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
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Deal
Score
+115
279,963 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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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 Sep 2011
L5: Journeyman
> bubble2 764 Posts
1,057 Reputation
d_wave27
05-15-2024 at 06:07 PM.
05-15-2024 at 06:07 PM.
Quote from jayreezy View quoted comment :
Just do Marcus by Goldman and be at 5.4%. Just gotta have someone you know create a login for the bonus to stay every quarter. I've been doing it for two years. This account OP posted will not let you take out your money that's over $60k which is INSANE

I've been doing Marcus for a year and a half and love it. My referrals are about to run out… All my friends are too lazy to sign up! Might have to switch now.
Reply
Joined Jun 2016
L4: Apprentice
> bubble2 365 Posts
62 Reputation
jayreezy
05-15-2024 at 09:11 PM.
05-15-2024 at 09:11 PM.
Quote from d_wave27 View quoted comment :
I've been doing Marcus for a year and a half and love it. My referrals are about to run out… All my friends are too lazy to sign up! Might have to switch now.

I'm gunna start throwing people money to make a login lol
Reply
Joined Nov 2020
New User
> bubble2 198 Posts
34 Reputation
BraveMice4170
05-16-2024 at 07:33 AM.
05-16-2024 at 07:33 AM.
I do not understand the limits on this savings account. Is there a maximum number of transactions if I set up autopayments from the account to external accounts? Is there a maximum amount per transaction or cumulative per month?

I want to link 11 auto payments totaling between $15K - $40K per month.
Reply
Joined Dec 2009
L2: Beginner
> bubble2 55 Posts
14 Reputation
epistax
05-17-2024 at 07:38 PM.
05-17-2024 at 07:38 PM.
I've had Axos for years.

Good:
* Interest can be quite high in a checking account. My checking account gets a better interest rate than my savings
Bad:
* They are garbage. They won't update your account's interest rate without badgering.
* Their brokerage website is pre-etrade in quality. How can this still be a thing? It makes treasury direct look modern.
* Something incredibly unfortunate is happening. TIAA does not accept Axos's routing number. Both sides blame they other and refuse to do anything about it. I don't know if this is still the case but I opened a TIAA account for CD laddering a month and a half ago. I had to use an intermediary account to move the money.
Reply
Joined Oct 2006
L4: Apprentice
> bubble2 310 Posts
30 Reputation
Mr.Slausen
05-18-2024 at 01:34 PM.
05-18-2024 at 01:34 PM.
Quote from jayreezy View quoted comment :
Read my second sentence over again. Every qtr just refer someone. The person doesn't need to connect a bank to it or anything. Just make a login and you get a bonus 1% for 3 months
Where do you see you get a 1% increase for a referral? I'm looking and can't find anything talking about that.
Reply
Joined Jun 2016
L4: Apprentice
> bubble2 365 Posts
62 Reputation
jayreezy
05-18-2024 at 01:36 PM.
05-18-2024 at 01:36 PM.
Quote from Mr.Slausen View quoted comment :
Where do you see you get a 1% increase for a referral? I'm looking and can't find anything talking about that.

It's called Marcus referred. It's an area on my app
Reply
Joined Sep 2006
L5: Journeyman
> bubble2 955 Posts
127 Reputation
dingdong123
05-21-2024 at 07:05 PM.
05-21-2024 at 07:05 PM.
Quote from little0831 View quoted comment :
I usually just send a message using the secure message center on the website. I've send them this or the equivalent.

Could you please upgrade my account ending in #### to the UFB High Yield Savings Account please with an APY of 5.25%. Thank you!

Done it 5 times now since Nov of 2022 and within a day or two its usually taken care of. No issues with this bank except money in and out takes a while, but hey.... its my highest earning savings account and I don't need immediate access to the funds, I usually plan out my large purchases, and if I absolutely need to, I can float a large purchase on a CC for a few days or a week while I wait to get funds transferred out.
How do we track rate increase to request one?
Reply

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Joined Jan 2020
L3: Novice
> bubble2 230 Posts
41 Reputation
little0831
05-22-2024 at 05:52 AM.
05-22-2024 at 05:52 AM.
Quote from dingdong123 View quoted comment :
How do we track rate increase to request one?
Check the main website every once and a while, they haven't changed rates in a bit though.
Reply
Joined Jun 2007
L6: Expert
> bubble2 1,016 Posts
104 Reputation
Drummer_Dude
05-30-2024 at 09:10 AM.
05-30-2024 at 09:10 AM.
Quote from BullittEV View quoted comment :
Thanks, too bad.
Agree, I can swing a quarter mil in and out of CIT Bank in 1 day.
Reply
Joined Dec 2006
L3: Novice
> bubble2 236 Posts
26 Reputation
Stantastic786
06-07-2024 at 02:49 PM.
06-07-2024 at 02:49 PM.
Their bankers don't know their own policies. Started a transfer from a business checking account to my Ufb account but axos bank doesn't allow it. Yet they still took my money out. Now awaiting for them to transfer back the money which I heard can take 5-7 business days (even though they told me The money would stay in my account). Horrible bank, I've never had this much problems before. Not worth the extra work.
Reply
Joined Jan 2012
L8: Grand Teacher
> bubble2 3,497 Posts
348 Reputation
kicker618
06-15-2024 at 08:24 AM.
06-15-2024 at 08:24 AM.
Poppy bank is paying me 5.5%
Reply
Joined Apr 2019
L5: Journeyman
> bubble2 626 Posts
76 Reputation
Min13
06-24-2024 at 02:45 AM.
06-24-2024 at 02:45 AM.
Quote from rhaug View quoted comment :
Where did you get 4.65% from PNC on a savings? I have PNC also but keep the bulk of my money in UFB for the better rate.
For some reason that interest rate is only for select markets. I called a while ago and its not available in New Jersey.
Reply
Joined Jan 2021
L6: Expert
> bubble2 1,446 Posts
209 Reputation
Slacky
06-24-2024 at 11:27 PM.
06-24-2024 at 11:27 PM.
Quote from kicker618 View quoted comment :
Poppy bank is paying me 5.5%

How do you find that rate? Best I see on their site is 0.10% for a "Personal Money Market" account. Hard to understand why they think anyone would bother.
Reply
Joined Mar 2014
L5: Journeyman
> bubble2 503 Posts
30 Reputation
annonymous999
06-26-2024 at 06:39 AM.
06-26-2024 at 06:39 AM.
Vanguard Vusxx is better. Higher compounded rate and you get less state taxes. Also what BS you have to ask for a rate increase on a savings account what a racket.
Reply

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Joined Aug 2014
L3: Novice
> bubble2 182 Posts
14 Reputation
rendezvous11
07-19-2024 at 09:25 PM.
07-19-2024 at 09:25 PM.
Quote from freshsqueezed View quoted comment :
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 did $30k early April and another late April $40k out to an external bank. I didn't see those limitations. What I didn't like is that they don't initiate a transfer for almost 2 business days if you do past 1:45pm EST.
Reply
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