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However, those looking for all-in-one, full-service banking may want to look elsewhere.
The account pays aAPY and has no maintenance fees or minimum balance requirements.
Money Market Accounts
UFB Direct offers a singlemoney market account, the UFB Portfolio Money Market.
It requires a $5,000 minimum balance to avoid the $10 monthly fee and currently pays aAPY.
Certificates of Deposit (CDs)
At the present time, UFB Direct does not offer CDs.
This program works via an arrangement UFB Direct has with partner banks.
This puts the deposit limit for the InsureGuard+ Savings account at $1 million.
Fee Structure
The UFB Direct checking and savings accounts do not have monthly maintenance fees.
However, it hasnt received an extensive amount of reviews on either site.
On Google Play, for example, there are just 2,847 reviews, but the average score is 4.8.
On the App Store, 11,479 reviews give the UFB Direct app the same 4.8 stars.
Customer Service Quality
UFB Direct has excellent customer service, especially for an online-only bank.
This is something uncommon inthe banking world.
International callers can use (858) 350-6200.
The bank also has an online secure message system.
On TrustPilot, UFB Direct has 105 reviews, with an average rating of 3.1.
Reviewers seem split, with 42% giving a 5-star rating and 32% giving a 1-star rating.
There are separate links for new customers, existing customers or returning applicants.
Teen accounts must be opened by a parent or guardian 18 years or older.
Children aged 13 to 17 qualify for teen accounts.
Competitor Comparison
UFB Direct has a number ofonline bankcompetitors.
Here are some of the most notable.
UFB Direct vs. All of its deposit accounts have:
Even CITs checking account offering an APY of up to.
CIT Bank also has no overdraft fees.
UFB Direct vs.
Discover provides more options than UFB.
See website for details.
The high-yield savings account offers an APY of, below whats available at UFB Direct.
The banks 12-month CD pays aAPY.
