UFB Direct US Savings Account

UFB Direct is offering one of the highest yielding online savings account available these days.  The current annual percentage rate is 1.98 percent and the current annual percentage yield is 2.00 percent. The minimum opening deposit is $1.00.

Find the best savings account rates in your area by searching our savings rate tables here: Savings Account Rate Tables

The minimum monthly balance required to earn this high yield is also only $1.00. The bank also guarantees the rate you receive will be within the top 10 percent of competitive accounts. Savings accounts are insured by the FDIC for up to $250,000 until December 31, 2013.

The national average rate for a money market account/savings account is a lot lower, the current average rate is 0.47 percent for accounts up to $2,500. For money market/savings account balances up to $5,000 the current average savings rate is 0.54 percent.  One-year CD ratescan be found for a rate similar to UFB Direct’s savings account if you want to lock the rate in.

UFB Direct US Savings Account