While the idea of making your money work for you makes sense, how you go about putting that into practice can be a bit confusing. Many people want something safe, they don’t want to lose their hard-earned money through risky investments but at the same time they don’t want to simply keep that money in a traditional savings account that offers a minimal interest rate.
For this reason many people are opting to take their money and open a money market account, an account that comes with a high money market interest rate that can significantly impact the amount of money earned from a balance. The amount of money that can be earned comes down to this interest rate and UFB Direct, a division of BofI Federal Bank, an FDIC insured financial institution established in 2000, not only provides a rate that consistently beats the national average but compounds that interest daily.
Opening a money market savings account with as little as $5,000 earns individuals 1.15% APY and when the average daily balance remains above that level UFB Direct charges no maintenance fees. In addition to the high money market interest rate UFB Direct provides account holders with a number of other attractive perks.
These perks include the ability to deposit checks instantly from the comfort of your home or office with MyDeposit; free online banking with Bill Pay (limited), free mobile banking, email and text messaging alerts; free online images of checks and statements; easy online transfers between your UFB Direct accounts; a free Visa Debit card; and many more.
Open a money market account with UFB Direct today and take advantage of the most competitive high money market interest rate available.