Who is UFB Portfolio Savings best for?

UFB’s savings account has one of the highest APYs in the current market, and it even been on our list of the best high-interest savings accounts a few times thanks to its high rate, no monthly fees and no opening deposit requirements. It also offers a complimentary ATM card, so this account is great for those needing to access their cash regularly. But you’ll have to be okay with managing your funds mostly online, as UFB only has one branch in California.

What we like about UFB Portfolio Savings

UFB Portfolio Savings is easily one the best accounts out there, thanks to its strong APY. At 4.01%, there are very few competitors who beat this rate.

The account is also FDIC insured up to $250,000, and as a division of Axos Bank, you’d have an account with one of the reputable online banks out there.

No opening or maintenance fees

You’ll pay no monthly fees or need an opening deposit to get this account. And although there are balance tiers, all tiers are currently the same. So you’ll earn the same high rate no matter your balance.

ATM card

You can get an optional ATM card, but you need to ask for it. UFB has a robust network of 91,000 ATMs nationwide. ATM cards aren’t a standard feature on savings accounts, so its inclusion in the UFB Portfolio Savings account is a noteworthy addition that helps with the account’s flexibility.

Where it falls short

This account has a lot going for it, but there are a few downsides.

First, as a division of Axos, an online-only bank, UFB only has one physical branch in San Diego, California. So if you’re not in the area, you’ll have no access to a branch. You’ll have to be comfortable managing your account online and through a mobile app. And while there are over 90,000 ATMs you can withdraw money from, not all ATMs accept cash deposits.

Also, if you wire transfers regularly, UFB is rather pricey, charging $35 for domestic wire transfers and $45 for international wires. If you were to overdraft with the account, there may be an overdraft fee, but it’s not disclosed.

Rate fluctuations

UFB’s savings account comes with different balance tiers, which can earn different rates. But you’ll currently earn 4.01% APY regardless of your balance. However, this could change at any time.

Also, UFB has launched several new savings accounts in the last few years. Customer reviews note that they have to call UFB to confirm that their account is the highest-earning one, and if it’s not, they request to “upgrade” to the most recent high-yield account with the best rate. Other customers note that UFB releases a new product whenever there’s a rate hike, and given the constant release of the latest and greatest high-yield account, this tracks.

UFB’s Portfolio Savings account really has one the highest rates we’ve seen to date, but we’d advise keeping an eye on it and frequently making sure you’re still earning the highest rate offered by the bank.

Compare UFB Portfolio Savings Savings to other savings accounts

Narrow down top savings accounts by APY, opening deposits and monthly fees. Select the Compare box on up to four accounts to see multiple accounts side by side.

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Product	Finder Score	Account type	Annual Percentage Yield (APY)	FDIC or NCUA insured amount	Minimum balance to earn interest	Minimum deposit to open	Bonus offer
Promoted Finder score 8.8 Great Uphold USD Interest Account	Finder score 8.8 Great	Savings app	Up to 4.50%	Up to $2.5 million	$1	$0	Go to site More info Compare product selection Compare	loading
Promoted Finder score 9.8 Excellent American Express® High Yield Savings Account	Finder score 9.8 Excellent	Traditional savings	3.60%	Up to $250,000	$0	$0	Go to site More info Compare product selection Compare	loading
Promoted Finder score 9.4 Excellent NexBank HYSA through Raisin	Finder score 9.4 Excellent	Traditional savings	4.31%	Up to $250,000	$0	$1	Top Offer Up to $500 bonus for new customers with qualifying deposits using promo code BOOST.	Go to site More info Compare product selection Compare	loading
Finder score 9.2 Excellent SoFi Checking and Savings	Finder score 9.2 Excellent	Traditional savings,Checking	Up to 3.80%	Up to $250,000	$0	$0	Top Offer Get up to $300 cash bonus with qualifying direct deposit. Terms apply. This offer is available until January 31, 2026.	Go to site More info Compare product selection Compare	loading
Finder score 9.4 Excellent Varo	Finder score 9.4 Excellent	Traditional savings	Up to 5.00%	Up to $250,000	$0	$0	Go to site More info Compare product selection Compare	loading
Finder score 9.2 Excellent Greenlight	Finder score 9.2 Excellent	Kids banking	Up to 6.00%	Up to $250,000	$0	$0	Go to site More info Compare product selection Compare	loading

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How we picked these

What is the Finder Score?

The Finder Score crunches over 250 savings accounts from hundreds of financial institutions. It takes into account the product's interest rate, fees, opening deposit and features - this gives you a simple score out of 10.

To provide a Score, Finder’s banking experts analyze hundreds of savings accounts against FDIC-reported national averages as a baseline. Accounts with rates well over the national average are scored the highest, while accounts with rates well below are scored low.

Read the full Finder Score breakdown

Customer experience

UFB Direct does well in terms of customer feedback, garnering only a handful of complaints on its Better Business Bureau (BBB) profile in the last couple of years. Most banks and fintechs have thousands of complaints, so that’s a good sign. It also has the highest BBB rating of A+, which is awarded based on responsiveness and complaint volume.

Of the complaints and reviews with BBB, many customers note that UFB changes their rates and releases new savings accounts frequently, leaving some customers with an account that no longer has the best rate the bank offers. Other common complaints cite long transfer times of around five business days, frozen accounts that are later closed, expensive wire transfers and poor customer service.

On Trustpilot, UFB has fewer reviews than we normally see and hold a so-so overall star rating. Happy customers state the customer reps answer questions quickly, and when it comes to rate hikes, all they have to do is ask UFB to upgrade to the highest-yielding account and experience no hassles when switching accounts. Others state it was easy to set up an account, and they experienced fast withdrawal postings and a user-friendly app.

Overall, reviews are a mixed bag. Many complain of the frequent rate changes and new account releases, while others state they simply have to contact UFB and ask to upgrade to the newest account to get the best rate.

Finder Scores: What they mean

If you want peace of mind, this rating will give it to you. These products offer the best value and outcomes considering various product features, terms, conditions and price.

Well-balanced products that provide what you need, offering a healthy mix of competitive features at a good price. However, they're not quite the best in class.

Bottom line: You can find better, but these products still offer reasonable value and have the basics sorted.

These products may not offer much value in the long run, and there are better options available.

UFB Portfolio Savings is not currently available on Finder

Have you considered SoFi Checking and Savings?

Earn up to 3.80% APY on savings by meeting deposit requirements or by paying the SoFi Plus subscription fee every 30 days, and 0.50% APY on checking balances. Members without deposit requirements will earn 0.50% APY on savings. Turn on automatic savings or use the Roundups feature to help you reach your savings goals faster. Get up to $2M of additional FDIC insurance through a network of participating banks.

• Up to 3.80% APY on savings by meeting deposit requirements or by paying the SoFi Plus subscription fee every 30 days
• $0 monthly or overdraft fees
• Get up to a $300 bonus with direct deposits of $5,000 or more
• Member FDIC

Learn more

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