UFB Direct made a change yesterday to their new Absolute Savings Account making it look like the old High Yield Money Market Savings Account. All brackets of the Absolute Savings Account now have a high savings yield of 5.31% APY. Previously, the yield was 5.11% APY for balances up to $5K, 5.21% APY for balances between $5K and $10K, and 5.31% APY for balances over $10K.

Interest is accrued daily and compounded monthly based on the ending daily collected principal balance. A high yield savings account is an excellent way to maintain some degree of liquidity while still earning a high return on your money.

UFB Direct is part of Skybank, which is FDIC insured.