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There’s no better feeling than earning a high return on your investment. When it comes to savings, banks often reserve their highest rates for certificates of deposit (CDs) as compensation for leaving funds in an account untouched for a set period of time. 

However, UFB Best Savings from UFB Direct currently earns an astounding 4.21% APY. An interest rate this high not only places it among the best savings accounts around but also rivals what you can earn with many one-year CDs. 

UFB Direct Best Savings Account

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  • Our Rating 5/5 Read the review
  • APY4.21% More Info

    UFB Direct breaks balances into five tiers, but, currently, there is only one interest rate.

  • Minimum
    Deposit Required
  • Intro Bonus N/A

The UFB Direct Best Savings Account offers one of the highest interest rates available for your money. The UFB APY is up to 4.21% on your balances, the highest interest rate offered by the bank. There are no monthly maintenance fees and no minimum balance to open your account.


With one of the strongest high-yield savings interest rates on the market, as well as no monthly fees or minimum opening deposit, UFB Direct’s Best Savings Account is an extremely attractive package.


  • Strong interest rate
  • No maintenance fees or minimum monthly balances
  • Free complimentary ATM card
  • Mobile app and SMS banking


  • No signup bonus
  • No associated checking account

UFB Best Savings Details

UFB Direct is an online-only division of Axos Bank. UFB Best Savings is the bank’s high-yield savings account and currently earns 4.21% APY on all balances. 

How much interest can you earn with UFB Best Savings? If you deposited $10,000 into the high-yield savings account and added nothing more, at the end of one year, you would earn over $400. UFB Best Savings carries no minimum opening or ongoing deposit requirements and no monthly service fees. Savings accounts also come with a free ATM card and access to over 91,000 fee-free ATMs across the country. 

As an online bank, UFB Direct customers can access their accounts online or through its highly-rated mobile app. Customers can check balances, transfer funds, deposit checks, and more through the app. 

Something to keep in mind, especially if you’re already an Axos Bank customer, is that UFB Direct accounts are FDIC insured up to $250,000 per depositor total, combined with deposits at Axos Bank or other divisions of the bank. 

One-Year CDs

A certificate of deposit is a timed deposit account that requires you to agree to keep funds in the account for a specified time in exchange for guaranteed fixed interest rates. CD terms generally range from three months to five years, although there are shorter and longer CDs available through select financial institutions. Typically, the longer the CD term, the higher the interest rate offered, but it also extends the time funds are tied up in an account. One-year CDs are CD accounts with a one-year time commitment. Many one-year CDs offer competitive interest rates that can maximize your savings. 

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Best 1-Year CDs: Earn Over 4.00% APY With Low Risk

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UFB Best Savings vs. One-Year CDs

It’s rare to find a high-yield savings account that offers such a great interest rate, especially without having to meet monthly requirements, like a minimum balance or a set number of deposits. There are several one-year CDs that offer comparable rates, but you’ll usually need to keep your money locked away for the full term length to avoid a costly fee.

Which Account Is Better: A High-Yield Savings Account or a CD? 

High-yield savings accounts and CDs offer some of the best rates available at banks, credit unions or other financial institutions. Both account types can help you grow your savings short and long-term. The best option often comes down to your specific financial goals and situation. 

A high-yield savings account may be a good savings vehicle if you: 

  • Need access to funds over the next year
  • Are building an emergency fund or another savings fund
  • Don’t want to pay penalties for withdrawing funds
  • Want to add additional funds to your balance

A one-year CD might be a good option if you: 

  • Want to earn guaranteed returns 
  • Have funds you don’t need access to for the next year
  • Want access to higher interest rates

Compare the two banking options and shop around to find the best account to meet your current needs. 

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Featured photo: Unsplash/UFB Direct


Louie Patterson

Louie Patterson is a Finance Content Manager who specializes in banking topics such as account bonuses and CDs. With over seven years of professional editorial experience, their work has appeared in several publications, including USA Today and Consumer Affairs.