New Top Rate Alert – UFB Direct Savings Account Rate at 1.20% APY
We have a new leader on our variable deposit rate list. UFB Direct has the new highest savings rate at 1.19 percent with a yield of 1.20 percent. UFB Direct's savings rate is 10 basis points higher than last month's top savings rate from Dime Saving's Bank at 1.10 percent.
UFB Direct is a division of BofI Federal Bank, an FDIC insured financial institution that was established in 2000. Deposit accounts at UFB Direct are FDIC insured to the maximum allowable limits of $250,000 per depositor under the BofI Federal Bank (FDIC Cert # 35546).
UFB Direct's deposits are FDIC insured under BofI Federal Bank. When considering maximum FDIC coverage, deposits at UFB Direct will be combined with any deposits you have at BofI Federal Bank or other divisions of BofI Federal Bank. In other words, don't exceed $250,000 in deposits at UFB Direct and BofI Federal Bank brand banks.
The savings rate on UFB's savings account is tiered. Account balances over $25,000 earn 1.19 percent with a yield of 1.20 percent. Accounts balances under $25,000 earn only 0.20 percent.
Money deposited into the savings account must be new money. "New," in the sense of money not already on deposit at any of the BofI Federal Bank brands. The list of bands include several online banks including Bank of Internet so you should check the list at BofI Federal Bank Brands.
UFB Direct Savings Account Benefits
UFB Direct covers 100% of any losses due any break-ins or funds that are lost, misplaced or taken out of your account without your authorization. Losses covered under the bank's Online Safety Guarantee include the following:
To learn more and to open an account go to UFB's website at UFB Direct Savings High Rates.
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