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UFB Best Savings account review

This online account comes with a complimentary ATM card and one of the highest APYs at 4.21%.

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UFB Best Savings

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Our verdict

The UFB Best Savings account offers a competitive 4.21% APY across all its tiers. This is more than 18x the national average and one of the highest APYs on the market. UFB sweetens the deal with an optional ATM card giving you easy access to your money. Plus, your balance compounds daily, helping your savings grow faster. But with just one physical branch, you'll need to manage your funds and any customer service digitally.

Best for: Consumers who want to grow their savings with one of the highest APYs available.

Pros
  • High 4.21% APY
  • Optional ATM card
  • No minimum opening deposit required
Cons
  • Tiered rates can change at any time
5

★★★★★

Finder rating

Go to site
on UFB Direct's secure site

APY

4.21%

Fee

$0

Minimum deposit to open

$0

Where UFB Best Savings shines

UFB Best Savings‘ biggest asset is its strong APY. At 4.21%, there are few competitors on the market that can beat this rate, and if they do, it’s by an incredibly small amount. This is a tremendous value when you consider the lack of minimum deposit or balance requirements.

The UFB Best Savings account also offers an optional ATM card, which you can use to easily access your money from a robust ATM network of 91,000 ATMs nationwide. ATM cards aren’t a standard feature on savings accounts, so its inclusion on the UFB Best Savings account is a noteworthy addition that helps with the account’s flexibility.

Where UFB Best Savings falls short

Despite this account’s strengths, it has a few considerations to keep in mind. Since UFB is a digital bank, most management of funds or customer service is performed online or through a mobile app. UFB has but one physical branch in San Diego, California. If you’re someone who prefers visiting a bank in person, this may not be the account for you. Similarly, while there are more than 90,000 ATMs you can withdraw money from nationwide, not all of these ATMs accept cash deposits.

The UFB Best Savings account also possesses several fees: $35 for domestic wire transfers, $45 for international wires and $5 if you opt for paper statements. Some banks don’t charge on some of these services, so if you think you’ll need to perform a lot of wire transfers you might want to examine your other savings account options.

Also, although you earn 4.21% APY on any balance, this account does have tiers. The tiers all currently earn the same rate, but this could change at any time.

Compare UFB Best Savings to similar accounts

We’ve gathered a quick comparison of UFB Best Savings and similar accounts to help you decide which is the best fit for you.

UFB Best Savings logo

UFB Best Savings

★★★★★

Finder rating 5 / 5

Go to site


Fee

$0


APY

4.21%


Minimum deposit to open

$0


Minimum balance to earn interest

$0

U.S. Bank Elite Money Market logo

U.S. Bank Elite Money Market

★★★★★

Finder rating 3.9 / 5

Go to site


Fee

$10 per month


APY

3.50% 1.07% 0.01%


Minimum deposit to open

$100


Minimum balance to earn interest

$0

Western Alliance Bank High Yield Savings Account through SaveBetter logo

Western Alliance Bank High Yield Savings Account through SaveBetter

★★★★★

Finder rating 4.9 / 5

Go to site


Fee

$0


APY

4.35%


Minimum deposit to open

$1


Minimum balance to earn interest

$0

How do I deposit or withdraw my money?

Once your account is open, there are several ways you can access your money:

Deposits:

  • Direct deposit
  • ACH transfer
  • Mobile check deposit
  • Mail a check
  • Cash at participating ATMs nationwide
  • Wire transfer

Withdrawals:

  • At an ATM
  • ACH transfer
  • Wire transfer
  • Visit the San Diego branch

How to contact UFB about my savings account?

If you’re outside San Diego, there are a few other ways you can get in touch:

  • Send a secure message through your online account.
  • Call customer service 24/7 at 877-472-9200.
  • Visit the contact page on the website to send an email.
  • Use the live chat feature on the website on weekdays from 8 a.m. to 5 p.m.

Savings account ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We analyze top savings accounts and rate them one to five stars based on factors that are most important to you. These factors include: interest rates, monthly fees, minimum deposits, customer service and account features.

Read the full methodology of how we rate savings accounts.

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