Axos Bank
UFB Portfolio Money Market Review 2026
Updated October 10, 2026
3.26% APY on all balance tiers, with check writing — and a $10 monthly fee under $5,000.
Quick answer
UFB's Portfolio Money Market paid 3.26% APY on all balance tiers on October 10, 2026, with check-writing privileges. It charges a $10 monthly maintenance fee unless you keep a $5,000 balance. The account is offered by UFB Direct, a brand of Axos Bank, and is FDIC-insured.
Who UFB Portfolio Money Market is best for
Savers who will keep at least $5,000 in the account, which waives the monthly fee.
At a glance
- APY
- 3.26%
- Monthly fee
- $10
- Minimum to open
- Check with UFB
- FDIC
- Insured
All balance tiers. Read at ufbdirect.com on October 10, 2026; the bank dates its rate October 10, 2026
Waived with a $5,000 balance
The money market page we read does not state a minimum to open
FDIC certificate #35546 — $250K coverage
Pros
- +3.26% APY on every balance tier, from $0 to $100,000 or greater
- +Check-writing privileges
- +Limited-time new-customer boost of 0.75% (to 4.01%) for up to 6 statement cycles with promo code UFB75
- +Mobile check deposit and online banking
Cons
- −$10 monthly maintenance fee unless the balance is $5,000 — $120 a year, more than the account earns on a balance under about $3,681
- −The rate is variable; UFB says it may change as often as daily
- −The boost is for customers new to UFB Direct and Axos Bank, on accounts opened October 1, 2026 through October 31, 2026
UFB Portfolio Money Market requirements
- US resident with SSN
- At least 18 years old
UFB Portfolio Money Market rates & fees
UFB's Portfolio Money Market paid 3.26% APY on all balance tiers when we read ufbdirect.com on October 10, 2026 (rate dated October 10, 2026). A $10 monthly maintenance fee applies unless the balance is $5,000. New customers could add 0.75% for up to 6 statement cycles on accounts opened by October 31, 2026. The rate is variable — verify at ufbdirect.com before opening.
Rates & fees last verified at the issuer on 2026-10-10. Always confirm current terms before applying.
◆ ClearValue platform data
How UFB Direct's money market rate compares with the FDIC national average
The FDIC's national average money market rate was 0.63% as of September 21, 2026 (FDIC National Rates and Rate Caps). The UFB Portfolio Money Market paid 3.26% APY when we read ufbdirect.com on October 10, 2026 — about 5.2x the national average.
On a $10,000 balance held for 12 months at an unchanged rate, 3.26% APY earns $326 in interest and the national average earns $63 — a difference of $263. Among the five money market accounts in this guide that are open to new customers, its APY ranked second (the range was 1.55%–3.90%). That comparison assumes the $10 monthly fee is waived, which takes a $5,000 balance; below it the fee costs $120 a year.
Primary sources: FDIC National Rates and Rate Caps
The 0.63% figure is the FDIC's national average across insured institutions, not an UFB Direct quote. UFB Direct's APY is the one its site showed on October 10, 2026; money market rates are variable and can change after the account is opened, so confirm the rate at ufbdirect.com first.
UFB Portfolio Money Market alternatives
Top alternatives worth comparing from Best Money Market Accounts 2026.
Quontic Bank
Quontic Money Market Account
3.90% APY with no monthly fee and a $100 minimum to open
Ally Bank
Ally Bank Money Market Account
3.10% APY with no monthly fee at any balance, plus debit card and checks
Synchrony Bank
Synchrony Bank Money Market Account
2.00% APY with no monthly fee and no minimum
Ready to apply?
Application takes minutes. Pre-qualification (where available) uses a soft credit pull with no impact to your credit score.
Apply at Axos Bank→Guide last updated October 10, 2026
The full lineup
See all picks in Best Money Market Accounts 2026
Editorial methodology + complete ranking criteria + side-by-side comparison of all picks.
Read the full guide →Bottom line
UFB Portfolio Money Market scores 4.0 / 5 on the ClearValue Rating — a deterministic editorial composite from the product's own published fees, terms, and eligibility. Best for: Savers who will keep at least $5,000 in the account, which waives the monthly fee.
◆ How we scored it
The ClearValue Rating, broken down.
- Cost
- 35%
- Fit & approval odds
- 30%
- Speed & terms
- 20%
- Transparency
- 15%
Cost (35%), Fit & approval odds (30%), Speed & terms (20%), Transparency (15%) — scored consistently across every product, independent of compensation. Full methodology →
Frequently asked
Questions about UFB Portfolio Money Market
What is UFB Direct and who backs it?+
UFB Direct is an online banking brand of Axos Bank. Its money market page lists FDIC insurance "up to the maximum allowable limit" under FDIC certificate #35546. Verify the FDIC status at fdic.gov. The current APY is published at ufbdirect.com — the rate is variable and should be confirmed before opening. Source: ufbdirect.com.
Does the UFB Portfolio Money Market charge a monthly fee?+
Yes, below a balance threshold. UFB's page says: no monthly maintenance fee with a $5,000 balance, otherwise the fee is $10 per month. That is $120 a year. At 3.26% APY, a $2,500 balance earns $81.50 a year — less than the fee. Keep at least $5,000 in the account, or choose an account with no monthly fee.
How often does UFB Direct MMA APY change?+
UFB says the account is a tiered variable-rate account and that interest rates may change as often as daily without prior notice. On October 10, 2026 every balance tier paid 3.26% APY (rate dated October 10, 2026). Always verify the current APY at ufbdirect.com immediately before opening.
What is the UFB promotional rate?+
UFB advertised "up to 4.01% APY for up to 6 months". That is the standard 3.26% plus a 0.75% boost for the first 6 statement cycles. It applies only to customers who have never held an account with Axos Bank or UFB Direct, on accounts opened October 1, 2026 through October 31, 2026 with promo code UFB75. After the boost the account earns the standard rate. We rank the account on its standard rate.
Is ClearValue Lending a bank or account issuer?+
No. ClearValue Lending is not a bank, account issuer, lender, or financial advisor. This review presents publicly available editorial information about the UFB Portfolio Money Market account. The account is issued and operated by Axos Bank (UFB Direct). APYs, terms, fees, and eligibility are determined solely by Axos Bank (UFB Direct) and may change — verify current terms at ufbdirect.com before opening.
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Independent editorial review. ClearValue Lending is a business & personal financing platform — not a lender, broker, or financial advisor. Some links are affiliate links; the issuer may pay a referral commission at no cost to you, which never changes the score. Specific product terms vary; verify with the issuer before applying. See privacy policy.