SuperMoney
  Axos Bank Certificates of Deposit
Axos Bank Certificates of Deposit
in CD Accounts from Axos Bank · Member FDIC
Claimed

Axos Bank Certificates of Deposit

Claimed
in CD Accounts from Axos Bank · Member FDIC
Net Recommendation Score 0  

SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly not recommended by SuperMoney users with a score of 0, equating to 3 on a 5 point rating scale.

0

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Rating not yet determined  

Explore a similar product
Try this top product in CD Accounts.
Barclays CD
Barclays CD 23 reviews
Highlights
Community Rating

Rating not yet determined  

APY (Annual Percentage Yield) 0.20%
Minimum Opening Deposit Starting at $1,000
Certificate Term
  • 3 months
  • 6 months
  • 12 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years

Axos Bank Certificates of Deposit Review

Axos Bank Certificates of Deposit are offered by Axos Bank, a bank founded in 2000 and based in San Diego, CA. Axos Bank Certificates of Deposit are available in 50 states (and Washington, DC).

Key Takeaways

  • Only one CD account type available. Axos Bank CD only offers traditional CD accounts.
  • Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 0.20%, which is much higher than the national average for a CD account.
  • $1,000 minimum deposit. This is a typical minimum initial deposit for the CDs we track.
  • Wide selection of CD terms. Axos Bank CD allows you to create a CD ladder by spreading your cash across certificates with different terms. This combines the benefits of frequent access to funds and higher rates of return on your savings.

Pros & Cons of Axos Bank Certificates of Deposit

Pros Cons
  • FDIC insured.
  • Multiple CD terms available.
  • Available in all 50 states.
  • High-interest yield.
  • There isn't a no-penalty CD option.
  • Does not offer an IRA CD.

Axos Bank Certificates of Deposit FAQ

Are CDs from Axos Bank federally insured?

Yes, your Axos Bank CDs are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #35546). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What types of CDs does Axos Bank offer?

Axos Bank CD provides the following types of CDs.
  • Traditional CDs. These CDs pay a fixed interest rate if you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or automatically renewing the CD for another term.

What CD rates does Axos Bank offer on its CDs?

The CD rates for this account have an APY of0.20% (APY stands for annual percentage yield, rates may change).

What terms does Axos Bank CD offer?

Axos Bank offers CD terms of the following lengths:
Axos Bank Certificates of Deposit Rates & Terms
Description
APY (Annual Percentage Yield) 0.20%
3-Month APY 0.20%
6-Month APY 0.20%
12-Month APY 0.20%
2-Year APY 0.20%
3-Year APY 0.20%
4-Year APY 0.20%
5-Year APY 0.20%

What is the minimum deposit to open a CD account with Axos Bank?

Axos Bank CD requires a minimum deposit of $1,000 to open an account.

What is the grace period for Axos Bank CD?

There is a 10-day grace period for Axos Bank CD. A grace period is a period of time during which you can withdraw the money in your CD without paying an early withdrawal penalty. A grace period starts the day after a CD’s maturity date, or the final day a CD is opened. Standard CDs renew automatically at the same term if you don't withdraw your money after the 10-day grace period. Note that the new CD rates probably won’t be the same as the original.

What types of fees, such as early withdrawal penalties, does Axos Bank CD charge?

Financial institutions don't typically charge many fees on CDs. However, most charge a fee if you choose to withdraw your money before the CD term ends.

Axos Bank does not charge an early withdrawal fee.

Axos Bank Certificates of Deposit Fees
Description
Annual Fee $0
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

Annual Fee $0
Minimum Opening Deposit Starting at $1,000
APY (Annual Percentage Yield) 0.20%
3-Month APY 0.20%
6-Month APY 0.20%
12-Month APY 0.20%
2-Year APY 0.20%
3-Year APY 0.20%
4-Year APY 0.20%
5-Year APY 0.20%
Certificate Term
  • 3 months
  • 6 months
  • 12 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years
CD Accounts Traditional
Grace Period for Account Changes 10 days

Axos Bank Certificates of Deposit Community Reviews

 

Would you recommend Axos Bank Certificates of Deposit to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
(will require moderator approval)

SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly not recommended by SuperMoney users with a score of 0, equating to 3 on a 5 point rating scale.

0

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

sorted by

Axos Bank CD Accounts

Loading...