Available nationwide, earn up to 4.83% APY rate with UFB Portfolio Money Market Account.
Update 9/19/24: This account offers one of the top rates available. Keep in mind that you’ll need a minimum $5K balance to waive the $10 monthly fee.
UFB Portfolio Money Market
- Learn More at UFB
- Account Type: Portfolio Money Market Account
- Interest Rate: Up to 4.83% APY
- Availability: Nationwide
- Minimum Balance: None
- Maximum Balance: None
- Credit Inquiry: Soft Pull
- Opening Deposit Requirement: None
- Monthly fee: $10, waived by maintaining a minimum daily balance of $5,000
- Early Termination Fee: None listed
(FDIC Insured)
UFB Portfolio Money Market ACH Capabilities & Limits
ACH Type | Speed | Daily $ Limit | Monthly $ Limit | Notes |
Push | ? | $100,000 | $250,000 | |
Pull | ? | $100,000 | $250,000 |
During the first six months following account opening, ACH transfers initiated through UFB Direct are limited to $10k per day and $25k per rolling month.
Account Rates
Balance Tiers | % APY |
$0 – $9,999.99 | 4.83% |
$10,000 – $24,999.99 | 4.83% |
$25,000 – $49,999.99 | 4.83% |
$50,000.00 – $99,999.99 | 4.83% |
$100,000+ | 4.83% |
Account Benefits
- Earn up to 4.83% APY*.
- No monthly maintenance fees with a $5,000.00 balance, otherwise fee is $10.00 per month.
- Access your funds 24/7 with easy-to-use digital banking tools.
- Enjoy peace of mind with FDIC insurance up to the maximum allowable limit – Certificate #35546.
Author’s Verdict
Ultimately, this is a great rate for when opening the Portfolio Money Market Account – so if you’re looking for a safe, interest bearing savings vehicle, definitely consider this account.
Be sure to check back on BankDealGuy for more bank rates or keeping up with the latest Axos Bank Promotions.
For more options, see our list of great promotions from banks such as U.S. Bank, HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, or CIT Bank.
My first experience with this institution as I opened the money market elite savings account with the 3.11% APY as the appeal. Came very close to closing the account just prior to the ACH transfer from my Credit Union for 125K.
The only phone support is a very lengthy wait and a very loud call center in India. The representative was extremely difficult to understand, probably taking an ESL course. The alternative is a virtual assistant called Evo. The transfer occurred BUT it takes, according to the website and offshore support, eight days to appear on the account.
After the fact, I have read on nerdwallet and reddit reviews nothing but negative experiences from difficulty retrieving your funds, interest not being applied and links suggesting that this bank and its parent, Axos are linked to Trump.
I have never been more uncomfortable doing business with any banking institution and, had I done due diligence and not been blinded by the interest rate, would not have a penny with them. What the final result is yet to be determined. Hopefully, the money will be accounted for and the promised rate will be applied. Caveat Emptor has never been more true.
Best advice would be to consider CFG bank in Baltimore, Republic Bank in Chicago as alternatives when seeking aggressive returns which I will be doing with other accounts in low interest bearing environments.
A pity that local institutions offering face-to-face contact still live in a 0.01% interest world.
why is a Trump link bad. he is a billionaire, you fool!
Acceptable comment one way or the other on opinions about Trump, but what a shame you feel compelled to call someone else a fool. Maybe Steve G just wouldn’t want to be associated with all the crime, lies, narcissism, deceit, selfishness, divisiveness, and harm he’s done to US democracy and unity in our country….even though he’s worth a lot of money.