Last Updated: 04/18/2025
Axos Bank High Yield Money Market
Claimed
in Money Market Accounts from Axos Bank
Last Updated: 04/18/2025
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Highlights
Community Rating
Strongly recommended
APY (Annual Percentage Yield)
0.25%(Verified 06/21/2024)
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Minimum Balance to Earn APY
$0.01
Minimum Opening Deposit
Starting at $1,000
Number of Reviews
Axos Bank High Yield Money Market Review
Axos Bank High Yield Money Market is offered by Axos Bank, a bank founded in 2000 and based in San Diego, CA. Axos Bank money market are available in 50 states and Washington, DC.
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 $0.01.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- $1,000 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit.
Pros & Cons of Axos Bank High Yield Money Market
| Pros | Cons |
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Axos Bank High Yield Money Market FAQ
Are money market accounts from Axos Bank 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 Axos Bank money market rates?
| Rates | Amount |
| APY | 0.25% |
Axos Bank money market offers an APY of up to 0.25% (APY stands for annual percentage yield, rates may change).However, to earn interest you must keep a balance of $0.01.
What are the fees for Axos Bank High Yield Money Market?
Axos Bank High Yield Money Market does not charge a monthly maintenance fee.
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Service Fee | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Paper Statement Fee | Starting at $5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NSF Fee | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum balance for Axos Bank money market?
Minimum deposit of $1,000. You must make an initial deposit of at least $1,000 to open this account.
Interest rate minimum balance of $0.01. You must keep the account balance above $0.01 to earn interest.
What features and perks does Axos Bank money market offer?
This account includes the following features:
- Fraud monitoring - Axos Bank monitors transactions for potentially fraudulent activity.
- Mobile Banking Services - Axos Bank money market allows you to manage your money through online banking and a dedicated mobile app.
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 businessbanking@axosbank.com.
How do people rate the customer service and user experience?
Overall, this business credit card is strongly recommended based on community reviews that rate customer service and user experience.
How to open an account with Axos Bank
- Visit the Axos 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.
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Hours of Operation
Sunday
12:00AM - 12:00AM
Monday
12:00AM - 12:00AM
Tuesday
12:00AM - 12:00AM
Wednesday
12:00AM - 12:00AM
Thursday
12:00AM - 12:00AM
Friday
12:00AM - 12:00AM
Saturday
12:00AM - 12:00AM