AXOS Bank

AXOS Bank

Savings

AXOS Bank

AXOS Bank

Savings

Take your money further, faster. No monthly maintenance fees. Interest compounded daily.

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Highlights

0.20% - 4%

Asset Class Return1Y

#10 Rank

In Savings30d

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Invest from

$250

$200 bonus when you pair a Self-Directed Trading account with our exclusive Rewards Checking account

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Overview

Enjoy the security of traditional savings with the advantage of high interest rates and limited transactions. No fees. No minimum balance requirements. The Axos Bank High Yield Money Market Account means more in your pocket. Earn with the assurance of being FDIC insured.

Things to Know

  • You make money on

    Interest

  • Fees

    0%

  • Min Investment

    $250

  • Payout frequency

    Daily

  • Term of investment

    Zero

  • Target Return

    0.25%

  • Liquidity

    Easy

  • Open to

    All Investors

  • Mobile Application

    iOS, Android

Top Perks

  • Interest compounded daily

  • Get a virtual bank teller that’s here to meet your banking needs, 24/7

  • Free ATM card upon request

How you make money

Your interest is calculated each day based on your Savings Account balance. Interest on the Savings Account is credited on the first day of the month for the preceding calendar month. The AXOS High Yield Savings Account offers you a variable APY and there’s no minimum balance requirement (just $250 deposit required to open an account).

How AXOS Bank makes money

No fees are charged to users of their High Yield Savings Account. AXOS is a bank so they make money through banking services. On the high interest savings account, they likely invest your cash and earn on the spread of their investment. 

Is it safe?

Fingerprints, voiceprints, and facial recognition allow you to have peace of mind. At Axos Bank, your security is their top concern. Boost your account security with biometric authentication – and keep the scammers away. All deposit accounts through Axos Bank are FDIC insured through Axos Bank. All deposit accounts of the same ownership and/or vesting held at Axos Bank are combined and insured.

  • Established

    2000

  • Country Available

    US Only

  • Assets Managed

    $10B

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