UFB Direct Savings 1.30% + Airline Miles for opening acct.

1.30% APY interest rate is better than most Savings Accounts today!
$100 to open account and no minimun balance requirement and no monthly maintenance fee.
Airline milage points is only a small perk but these days we grasp for anything extra.

link please ?

Perhaps if we could open 1000 accounts each?

Interesting. Does anyone know if they do a hard pull when you open the account?

DiMAn0684 said:   goldsheet said:   link please ?

Quick Google search: Text

I know I can do a search.

My point was folks should post the entire deal including a link to the offer. (once)
instead of each person having to go search for it.

You can have even put link in Quick Summary !

is this a good bank? which airline do you get miles for?

diljs said:   Competitive 1.30% APY*
Earn 500 airline miles/points 90-days after you open your Airline Rewards Savings Account.
Receive an additional 500 miles/points after the account has been open for one year.
Minimum deposit to open an account is $100.
Enjoy the convenience of no minimum balance requirement and no monthly maintenance fee.
Free ATM card.

So 1000 mile signup bonus.
No hard pull!
My account is opened now.
ACH transaction is in the process of verification of the small deposits.
I'm going to go for the 1.30% interest rate and pray that it lasts for a while.

This seems like the best deal out there, why isn't GREEN?

I wonder why they call this an airline rewards savings? You only get miles for signing up and on the anniversary date but how much you put in doesn't really affect anything to do with "airline rewards".

I use Alliant CU to ACH funds into UFB Direct Savings.
I haven't needed to take any money out, but when that time comes I'll ACH with Alliant.
Simple, no need to worry about using UFB to move the funds!

pattyb53 said:   I use Alliant CU to ACH funds into UFB Direct Savings.
I haven't needed to take any money out, but when that time comes I'll ACH with Alliant.
Simple, no need to worry about using UFB to move the funds!

That's fine, but the quick summary of the Liquid Accounts info page didn't correctly reflect that this account can't orig ACH xfer. I updated it. Still, it's a bit better than the going rate, so I'm not going to complain. Does UFB/BofI have a history of doing interest rate bait and switch maneuvers?

Alcibiades said:   "UFB" must be a zombie. It will never die.
Decent liquid funds rates are hard to find in today's climate.
Just hoping this rate hangs on, 1.30% APY, can't be beat today.

Right there on the link site! It says FDIC member.
That's good enuf for me.

Update: I contacted Yodlee customer support, and they confirmed that they don't support UFB. Here's the response I got from them:

Thank you for contacting Yodlee Client Services and Support.

Our understanding of the reported issue is: You want to link UFB Direct Banking Center account in Yodlee MoneyCenter.

We are sorry to inform that UFB Direct Banking Center site is no longer supported by Yodlee due to technical impediments.

We advise you to kindly create a manual (custom) account and enter the log in URL of the above account in the URL field and update the account manually in order to view the account details.

For current account holders, what is the application process?

I applied about a week ago, provided ACH information for funding, and found that account had some trial deposits sent/withdrawn. Nothing in the mail/email about log in information, and the funded balance has not been deducted from the external account -- only the trial deposits

pattyb53 said:   monto888 said:   For current account holders, what is the application process?

I applied about a week ago, provided ACH information for funding, and found that account had some trial deposits sent/withdrawn. Nothing in the mail/email about log in information, and the funded balance has not been deducted from the external account -- only the trial deposits
I would give them a call and find out "what's the hold-up".
It only took about 3-4 days for the whole process to be completed for me.

Tried to give them a ring -- they're available via phone from 6am-6pm PST, so I missed them after work. That same evening, incidentally, I received further log in and verification instructions via email.

I just sent them a secure message to verify ACH routing number so I can push some funds in.

Good to see UFB is supported by Mint/Yodlee -- one less account to have to log in to!

Just discovered the Airline Rewards Savings account is not eligible for external transfers... cannot originate, must push from an external

My review of UFB Direct:

I saw the listing at the top of this thread with their 1.3% interest rate, and spent about 20 minutes checking out their website. After determining it was legit, I signed up for an account and setup an initial $100 transfer from my bank. However, I wasn't able to get into my account. I called customer service, and the guy told me I needed to wait 24-48 hours before I can access it.

A week passes and I don't do anything, but I noticed $100 transferred out from my bank, so I try to logon to UFB Direct again. Still doesn't work. I call customer service again, and this time get someone more helpful. There is an arcane setup process for creating a new account. It involves signing up for an account, logging out, signing back in with your SSN, clicking a couple things, setting a new ID, waiting a day, and then signing back in with your new ID.

Great, finally setup and ready to transfer more funds. Hmmm... when I get to the page to transfer external funds, it says I need to call customer service to setup an external transfer. I call up once more and get someone else who tells me I can not setup an external account to transfer from because they have an "old fashioned style savings account." I can either send them a check or do a wire transfer. I could also initiate a transfer from my other bank account to UFB Direct. You can not initiate with UFB Direct. (Somehow they were able to get my initial $100 when I set up the account though.)

How about if I setup a UFB checking account, transfer to that, and then transfer from UFB Checking to UFB Savings? You can do that, but there is a limit of $2,000 per day and $5,000 per month. (I think, the rep didn't seem completely confident in that.)

I had been planning on storing a substantial amount of emergency funds at UFB Direct. However, they have too many hoops to jump through to get or deposit your money. I'll be closing my account, as soon as I can figure out how...

I signed up for their checking and saving accounts. The online interface works well. The transactions, e.g. internal account transfers, are usually not instantly reflected on the website, but the information will eventually propagate to the right places. Their customer service representatives are personable, and it's easier to reach a representative at UFB than most of the major banks. The UFB reps have certainly been more helpful, too. I think it has something to do with UFB being a smaller bank, and all their representatives seem to know enough about their bank. I really like it when they know exactly whom to talk to when they didn't have the information. And, amazingly, they know each other by first-name, too!

There were a few careless hiccups so far - some from me, but UFB did make some minor mistakes. All of them were quickly resolved by a phone call. That was impressive.

I'd still be careful about using the UFB accounts, but if this bank manages to keep this quality of service while perfecting its operations, I may even start using it as my primary bank. I hope that it manages to stay in business this time around.

An interesting note is that even the services at the big banks are improving these days. The services at the branches are great, but their phone/online support are usually awful and definitely no match to UFB.

Has anyone just written a check to themselves and deposited it using the scanning feature in MyDeposit to avoid the headache of electronic ACH transfer into the savings account?

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