Last Updated: 04/18/2025
Axiom Bank Select Money Market
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Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.05% - 0.25%(Verified 06/21/2024)
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Minimum Balance to Earn APY
$2,500
Minimum Opening Deposit
Starting at $1,000
Axiom Bank Select Money Market Review
Axiom Bank Select Money Market is offered by Axiom Bank, N.A., a bank founded in 1962 and based in Maitland, FL. Axiom Bank Select Money Market are available in 1 state.
Key Takeaways
- Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 0.25%, which is much higher than the national average for a money market account. However, you must keep a minimum balance of $2500.
- Charges a monthly fee. This account charges a monthly fee of up to $20, but the fee may be waived if you keep a minimum balance of$5,000.
- $1,000 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit.
Pros & Cons of Axiom Bank Select Money Market
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Axiom Bank Select Money Market FAQ
Are money market accounts from Axiom Bank, N.A. federally insured?
Yes, your deposits are insured by the Federal Deposit Insurance Corporation (FDIC). 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 interest rates for Axiom Bank Select Money Market rates?
Axiom Bank Select Money Market offers an APY starting at 0.05% and ranging up to 0.25% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $2500.
| Rates | Amount |
| APY (Annualized Percentage Yield) | 0.05% - 0.25% |
What are the fees for Axiom Bank Select Money Market?
This account charges a monthly maintenance fee of up to $20. You can avoid this fee by maintaining a balance of $5,000.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Service Fee | $0 - $20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Paper Statement Fee | Starting at $5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NSF Fee | $34 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum balance for Axiom Bank Select Money Market?
Minimum deposit of $1,000. You must make an initial deposit of at least $1,000 to open this account.
Monthly maintenance fee waiver. You can avoid the monthly fee if you keep a balance of $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 through online banking and a dedicated mobile app. 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.
What is the customer service phone number?
The customer service number for this account is .
What is the support contact email?
The support contact email for this business credit card is contactus@axiombanking.com.
How to open an account with Axiom Bank, N.A.
- Visit the Axiom Bank, N.A. 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.
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Hours of Operation
Sunday
Closed
Monday
9:00AM - 6:00PM
Tuesday
9:00AM - 6:00PM
Wednesday
9:00AM - 6:00PM
Thursday
9:00AM - 6:00PM
Friday
9:00AM - 6:00PM
Saturday
9:00AM - 2:00PM