UFBDirect Offering 2.90% APY 12-Month CD

Article Submitted By:

Tags: online banking, top cd rates, ufbdirect

UFBDirect.com is offering a 12-month CD for a competitive rate of 2.90% APY.

Submitted: March 16, 2009
Comments: 0

UFBDirect.com is offering a 12-month CD for a competitive rate of 2.90% APY.  This is currently the top 12-month CD rate on the BestCashCow rate tables.

Accounts can be opened nationally via an online application.  The account can be opened instantly online as long as all of the information can be verified.  Once that happens, you'll be able to transfer money via ACH, which takes between 2-3 days, or by wire, which takes 24 hours.  The rate for CDs locked when UFBDirect receives the funds.

UFBDirect is run by Waterfield Financial Services (WFSI) who contracts with its affiliate bank Waterfield Bank to provide deposit products and services.  Deposits are either kept at View Waterfield Bank FDIC Certificate #34976, The Huntington National Bank, FDIC Certificate #6560 , or Countrywide Bank, FDIC Certificate #33143.

It's unclear which bank will receive the money but all three are FDIC insured.  UFBDirect seems to act as a deposit broker for these three banks.  As long as you are under FDIC limits this doesn't represent a problem. 

Add your Comments

 

Find the best Savings or CD Rate

Financial Video

Hard Ways to Earn Money: Babysitting Nightmare - Find out the easier way to save and earn more.
Posted on February 17,2012
Municipal Bond Market Review - Feb 2010 (Part I)
Posted on December 16,2010

Financial Resources

see all articles

Financial products of all nature bear inherent risks and this website is not a financial advisory service. BestCashCow.com provides information related to rates on US-based savings accounts, CD (certificates of deposit) rates, money market accounts, money market funds, government bonds, other bonds and income producing securities, commodities, equity securities, mortgage rates, home equity rates and auto loans rates, free of charge to internet users for their independent use. The accuracy of information on the website is not guaranteed, and no financial product of any sort is endorsed. On certain web pages, BestCashCow.com may contain discussion and analysis of the risks and rewards associated with certain financial instruments, including equity instruments, or may link to other pages with such discussions. The information should not be construed to provide investment advice. In fact, users are specifically warned against following any advice related to specific instruments, including advice that may be on other web pages linked from BestCashCow.com. Please seek personalized advice on the risks and applicability to your own circumstances of any financial product from a qualified professional. © BestCashCow.com, LLC, 2012.

This page was created in 0.2289 seconds.