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Fortune
Fortune
Evan Tarver

Check out UFB Direct—an online bank offering savings products with APYs of at least 5%

Photo illustration of the UFB Direct Bank logo surrounded by an orange and blue frame. (Credit: Photo illustration by Fortune; Original logo by UFB Direct Bank)

UFB Direct is the online-only banking division of the better-known Axos Bank with headquarters in San Diego. If you’re content with your current checking account but want to earn more on your savings, it’s a good time to consider a UFB Direct account with a higher interest rate. It offers a handful of banking products—high-yield savings accounts, money market accounts (MMAs), and mortgages.

UFB Direct is a good option if you’re looking for competitive savings rates. However, it doesn't provide stand-alone checking accounts or certificates of deposit (CDs). If you’re in the market for a bank with more account options, check out the UFB Direct alternatives below.

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