UFB Direct Review
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UFB Direct Reviews

Andrew Omalley


Andrew Omalley

A trusted bank that delivers
A trusted bank that delivers
About UFB Direct

UFB Direct Bank is an online based bank that has been around since the turn of the century. It has more than two decades of experience in the space, having originally started out life as the Bank of Internet USA. UFB Direct Bank mainly focuses on offering savings accounts and mortgage loans.

It has a reputation for having good APYs and low barriers to entry when people are looking to sign up for an account. People like the long track record that UFB Direct Bank has in the online banking space, which is reflected by its popularity.









UFB Direct Online Banking Review

There are two accounts that UFB Direct Bank currently offers. They are both savings accounts, each carrying good APYs. The terms of the accounts are very decent so they will be viable choices for many people. Added to that is the great reputation that UFB Direct Bank has in the space.

UFB Direct Online Banking Highlights


Min 4.11%


No fees on any atms





Pros & Cons

  • Great APYs available
  • Monthly fees easily avoidable
  • Easy online sign-up process
  • Long track record in the sector
  • No checking accounts
  • High minimum on money market account to get 4.11% APY

Account Type

  • Savings

UFB Direct Savings Highlights


Min 4.11%


Account 1 Year 3 Years 5 Years
UFB Best Money Market 4.11% 4.11% 4.11%
UFB Best Savings 4.11% 4.11% 4.11%

Account Types

UFB Best Money Market 

The UFB Best Money Market account option offers APY of 4.11% on all deposited sums. If you maintain a $5,000 balance, you can bypass the $10 monthly account fee. You will have access to this money 24/7 and it is FDIC-insured. Check writing privileges are available and you can get access to a debit card.

Account Type Key Features Bonuses
UFB Best Money Market
  • APY of 4.11%
  • Debit card available
  • $10 monthly fee bypassed if you maintain a $5,000 balance


UFB Best Savings 

People who have a UFB Best Savings account can get a 4.11% APY. There are no service fees or maintenance fees in place, as well as there being no minimum deposit requirement. You will receive a complimentary AMT card when you open a UFB Best Savings account. There are free transfers available between direct deposit accounts. 

Account Type Key Features Bonuses
UFB Best Savings


  • No minimum deposit requirement
  • APY of 4.11%
  • No monthly fee


Opening An Account

As UFB Direct Bank is solely an online bank, everything can be done from its website. All of the standard information that you would expect to have to provide when opening a bank account will be required. You need to choose the savings account you wish to open and then provide info such as your full name, address, and date of birth.

You need to be at least 18 years old to open a UFB Direct Bank account and you will have to provide your Social Security Number and photo ID. The entire process doesn’t take very long at all, so you will be able to deposit funds to your new savings account before you know it.

State Availability

Available in all states

Privacy & Security

UFB Direct Bank has an A+ Better Business Bureau rating. It also has been in business for more than two decades, having established a good reputation over this time. Customer reviews are generally positive and UFB Direct Bank aims to protect the privacy of users at all times. Encryption technology is deployed to allow for secure transmissions of data and accounts are FDIC-insured.

Customer Support

UFB Direct Bank really aims to look after its customers, which is why the phone lines remain open 24/7. This is something that is quite rare in the online banking space, with many operations closing their pipelines over the weekend and outside of regular working hours.

There is also live chat and email support at UFB Direct Bank that you can use. It really knows how to treat people the right way and it values the time of users when issuing replies.

Phone Support

In Conclusion

UFB Direct Bank is a very trustworthy online bank that has over two decades experience in the sector. It offers some of the best savings account rates in the current market, especially if you are planning to save large sums of money. There are low barriers to entry, allowing a wide range of people to benefit from the UFB Direct Bank offering. 


Does UFB Direct Bank provide checking account options?
There are no checking accounts available at UFB Direct Bank, only savings accounts.
Does UFB Direct Bank have physical branches?
No, UFB Direct Bank is a completely online bank.
Can you get an ATM card with a UFB Direct Bank savings account?
Yes, the money market account allows you to get a debit card and the regular saving account allows you to get an ATM card.

UFB Direct Disclaimer

From time to time, we may offer you or you may open a variety of deposit accounts. Each such account (the “Account”) is subject to the general terms and conditions and any specific terms and conditions relating to that type of account that may be set forth in this Agreement. This disclosure describes the terms, services and the interest calculation with respect to the Deposit Accounts opened through the Bank’s Website. All Checking and Savings accounts are variable accounts and these rates are subject to change without notice. This Truth in Savings disclosure refers to the Schedule of Fees herein.


If your account earns Interest, the following information applies unless otherwise specified in the description for your account type:

Rate Information:

  • The interest rate and corresponding APY for savings and money market accounts are variable and are set at our discretion.
  • Your interest rate and annual percentage yield may change.
  • Fees may reduce earnings.
  • At our discretion, we may change the interest rate on your account.
  • We may change the interest rate on your account at any time.
  • Interest rates and APYs for different balance ranges are listed on the Bank’s website.
  • We reserve the right to change balance ranges or apply the same interest rate to more than one range.

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Andrew Omalley

Andrew is a freelance writer who has been crafting valuable pieces of content relating to personal finance for more than five years. Previously, he studied Economics & Finance at university and he has professional qualifications relating to financial advice.