Ask Terry Questions Financial strength/safety of UFB Direct

Financial strength/safety of UFB Direct

By Terry Savage on October 03, 2023 | Chicken Money

Hi Terry!
Thank you so much for your wisdom and knowledge you share with us. I listen to you every Wednesday on WGN 720 during the noon hour. You rock! My question for you is how safe is UFB Direct for holding my emergency money in a savings account that they offer currently at 5.25%?

Terry Says

It’s just another financial services company offering tempting high rates. I’d stick with T-bills, currently yielding 5.6%.
But if you decide to go with them, make sure the product you’re investing in — the specific product — is FDIC insured.



a personal
finance question