Depositor Beware! You will likely NOT get the rate you think you will.The first month you get the promised rate, then it gets consistently lower. What reps advise you to do is check twice a month and call for the higher rate which takes them thirty seconds to do.It's legal per their disclosure, but I consider it a predatory practice and will be taking my money elsewhere.UFB Direct's disclosure states: Rate Information:• The interest rate and corresponding APY for savings and money market accounts are variable and are set at ourdiscretion.• 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. In other words, bait and switch is to be expected.
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UFB Direct invites you to elevate your savings rate with our High-Yield Savings account or our Premium Money Market account.
