Individuals open a money market savings account for one simple reason; they earn more on their money than they would from a traditional savings account. Understanding this reason UFB Direct, a division of the publicly traded BofI Federal Bank (NASDAQ: BOFI), offers customers the opportunity to earn up to 1.25% APY on all balances up to $250,000.

Not only does UFB Direct offer the attractive 1.25% APY on all balances up to $250,000 but UFB Direct compounds interest daily, meaning greater returns for customers who take advantage of this high money market interest rate. For money market savings accounts greater than $250,000 account holders receive that 1.25% APY and then 0.25% on everything above that level.

In addition to offering a rate that consistently beats the national average UFB Direct provides money market savings account holders a number of benefits.

These benefits include the ability to deposit checks instantly from the comfort of your home or office with MyDeposit; free FinanceWorks software that enables you to track all of your financial accounts, even those at other institutions, all from your UFB Direct Online Banking; access to free online banking with Bill Pay (limited), free mobile banking, email and text messaging alerts; the opportunity to complete online transfers between your UFB Direct accounts; and many more.

Open a money market account with UFB Direct today and take advantage of a great rate and excellent customer service.