Established in 2000, UFB Direct has its main office at 4350 La Jolla Village Dr, San Diego, CA 92122. The OCC provides primary supervision over the institution.
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Here are the rates for the accounts we track for UFB Direct. While we work hard to keep rates and other information current, you should confirm rates and terms with the bank or credit union before opening an account.
UFB Direct is an online banking division of Axos Bank, which was founded in 2000 and has been offering digital banking services since 2002. UFB Direct is headquartered in San Diego, California, and offers personal and business banking services to customers across the United States.
UFB Direct is an online-only bank, which means it does not have physical branches. This allows it to offer competitive rates on its deposit accounts, as it has lower overhead costs than traditional brick-and-mortar banks. Customers can access their accounts and manage their finances using UFB Direct’s website or mobile app.
One of the key products offered by UFB Direct is its High Yield Savings Account. This account offers a competitive interest rate with no monthly maintenance fees or minimum balance requirements. Customers can easily transfer funds between their UFB Direct accounts and accounts at other banks using the bank’s online platform.
Another popular product offered by UFB Direct is its High Yield Money Market Account. This account also offers a high interest rate and there are no monthly maintenance fees as long as you keep a minimum balance of $5,000.
In addition to deposit accounts, UFB Direct offers a variety of mortgage options through Axos Bank. Customers can apply for these loans online.
Overall, UFB Direct is a reputable online bank that offers competitive rates on deposit accounts and mortgages. Its online-only model allows it to keep overhead costs low, which translates into higher interest rates for customers. While it may not be the right choice for customers who prefer to do their banking in person, it is a great option for those who value convenience and competitive rates.
Rob Berger is the founder of Dough Roller and the Dough Roller Money Podcast. A former securities law attorney and Forbes deputy editor, Rob is the author of the book Retire Before Mom and Dad. He educates independent investors on his YouTube channel and at RobBerger.com.