A money market savings account can be an excellent tool by which people can gain a favorable interest rate and earn impressive returns. This is usually the most attractive feature of a money market account as that rate is typically much higher than a traditional savings account. While it may be the most attractive feature other factors should be considered before deciding on where to open a money market account.
UFB Direct, a division of BofI Federal Bank, an FDIC insured financial institution established in 2000 understands that people want more than just great returns from their money market account and that is why they offer a number of advantages that make them the clear choice when shopping for the right bank.
The choice is clear because UFC Direct starts with a high money market interest rate of 1.30% APY and, unlike many other banks, they compound that interest on a daily basis. That’s not where the advantages stop; UFB Direct then provides a series of benefits that truly separate them from other banks.
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.
As an added bonus UFB Direct promises no monthly maintenance fee with minimum $5,000.00 average daily collected balance and opening an account can be done in a matter of minutes.
To open a money market account with UFB Direct and take advantage of all the benefits available visit www.ufbdirect.com