Axiom Bank Select Money Market Review

Axiom Bank Select Money Market is offered by Axiom Bank, a bank founded in 1962 and based in Maitland, FL. Axiom Bank Select Money Market is offered in 1 state across the USA.

Are money market accounts from Axiom Bank federally insured?

Yes, your Axiom Bank money market accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #31390). 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 are the Axiom Bank Select Money Market rates?

Axiom Bank Select Money Market offers an APY starting at 0.15% and ranging up to 1.5% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $2500.

Axiom Bank Select Money Market Rates and Terms

Rates	Amount
APY (Annualized Percentage Yield)	0.15% - 1.5%

What are the Axiom Bank Select Money Market fees?

This account charges a monthly maintenance fee of up to $20. You can avoid this fee by maintaining a balance of $5,000.

Axiom Bank will charge you a $10 fee if you exceed your maximum number of monthly transactions.

Axiom Bank will allow you to make up to 6 transactions per month. That is also the maximum set by federal regulations for money market accounts.

Axiom Bank Select Money Market Fees

Fees	Amount
Monthly Fee	up to $20
Paper Statement Fee	$5
Excess Transaction Fee	$10

What is the minimum balance for Axiom Bank Select Money Market?

Minimum initial deposit of $1,000. You must make an initial deposit of at least $1,000 to open this account.

Monthly maintenance minimum balance of $5,000. You can avoid the monthly fee if you keep a minimum balance $5,000.

Interest rate minimum balance of $2,500. You must keep the account balance above $2,500 to earn interest.

What features and perks does Axiom Bank Select Money Market offer?

This account includes the following features:

• Mobile Banking Services - Axiom Bank Select Money Market allows you to manage your money online. This includes depositing checks in your account with your smartphone.
• Nationwide ATM network - Axiom Bank Select Money Market allows you to access your money from an ATM, a convenient feature only a few offer.

How to open an account with Axiom Bank

• Visit the Axiom Bank website.
• Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
• Check the information is accurate and submit your application.