UFB Direct Secure Savings Account offers a higher APY and ATM access, making it attractive for those prioritizing interest rates and convenient withdrawals. Ally Bank Online Savings Account provides savings tools and no early withdrawal penalties, which may appeal to users focused on savings goals and flexibility.
| Attribute | UFB Direct Secure Savings Account | Ally Bank Online Savings Account |
|---|---|---|
| Annual Percentage Yield (APY) | Standard APY is 4.01% on all balances; up to 4.21% APY with UFB checking account and direct deposits totaling at least $5,000 monthly. | 3.50% (variable) |
| Minimum Deposit to Open | No minimum deposit required. | $0 |
| FDIC Insurance Coverage | FDIC-insured through Axos Bank up to $250,000 per depositor; Expanded protection up to $265 million available through UFB Direct InsureGuard+ Savings via IntraFi Network DepositsSM. | Yes, up to the maximum amount allowed by law |
| Compounding Frequency | Daily | Daily |
| Monthly Maintenance Fees | No monthly maintenance fees. | $0 |
| Online and Mobile Banking Access | Online and mobile banking with highly-rated apps for Android and iOS; check balances, view transaction history, transfer funds, and contact customer service. | Yes |
| ATM Access | Complimentary ATM card for free withdrawals at approximately 91,000 ATMs nationwide. | No direct ATM access |
| Customer Service Availability | 24/7 customer support by phone (excluding Thanksgiving and Christmas); chat support available during specific hours; direct phone line is 1-877-472-9200. | 24/7 via phone, live chat, email, and social media (1-877-247-2559) |
| Mobile Check Deposit | Mobile app allows users to deposit checks remotely. | Yes, with limits: up to $50,000/day and $250,000/30 days |
| Interest Payment Frequency | Interest is credited monthly. | Monthly |
| Balance Tiers for Interest Rates | Single APY (4.01%) across all balance tiers. | Single APY (3.50%) for all tiers |
| Early Withdrawal Penalties | Information on early withdrawal penalties was not found in the provided context. There may be a penalty for closing your account mid-cycle, where any accrued interest is forfeited. | None (for Online Savings Account; apply to CDs) |