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Last Updated: 04/18/2025

Axos Bank High Yield Money Market

from Axos Bank

Last Updated: 04/18/2025

Strongly recommended6 total votes

6 users recommend

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Highlights

Community Rating

Strongly recommended

APY (Annual Percentage Yield)

0.25%(Verified 06/21/2024)

Disclaimer popup with additional information

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

Available in 50 states and Washington, DC.
High-interest yield.
Does not offer mobile check deposits.
Debit card and the option to lock/unlock the card if lost or stolen

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 #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 are the interest rates for Axos Bank money market rates?

Axos Bank High Yield Money Market Rates and Terms

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.

Axos Bank High Yield Money Market Fees

Description

Monthly Service Fee

Paper Statement Fee

Starting at $5

NSF Fee

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.

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.

Contact

Headquarters

4350 La Jolla Village Drive

Suite 140

San Diego, CA 92122

Visit Site

Email Support

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

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Home Equity Lines of Credit

Rating not yet determined (2 Reviews)

Home Mortgage Loans

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Mortgage Refinance

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APY (Annual Percentage Yield)

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Minimum Balance to Earn APY

Minimum Opening Deposit

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SuperMoney Net Recommendation Score

SuperMoney users strongly recommend this product, giving it a user recommendation score of +100, or 5 on a 5-point rating scale.

+100

-1000+100

No one recommends

Everyone recommends

The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.

Axos Bank High Yield Money Market Community Reviews

Would you recommend Axos Bank High Yield Money Market to your friends?

Bamidele S.

Nov 24, 2021

May or may not recommend

This account has everything I need in a money market account. The interest yield is enthralling and I'm dazed by the free debit card issued to me upon signing up. However, I will have loved it more if does not require any minimum balance. But like I have said, the account is still one of the best money accounts you can see in the country.

James .

Mar 3, 2021

May or may not recommend

Although the minimum initial deposit of $1000 seemed a bit steep, I am happy that I went through with a money market account through Axos. After already having a savings account with them, I felt confident in them to give competitive rates and helpful support wherever it is needed. Overall, Axos is a place I would recommend to open both a savings and money market account.

Anonymous

Mar 2, 2021

May or may not recommend

I picked Axos because of the low minimum deposit to open an account the low minimum makes it easy to get started and 0.6% is a good return. I love the fact that there is no monthly fee ever. Customer service is very knowledgeable and can answer any questions you may have.

Chijioke O.

Jan 15, 2021

May or may not recommend

You can't go wrong going with Acos bank hight yeild money market. Those guys are legit

Cesar C.

Nov 11, 2020

May or may not recommend

AXOS money market account was a great financial service to use! I used their savings account, and decided to try their money market account. While I was skeptical based on the minimum deposit fee to open the account ($1,000), nonetheless it proved to satisfy my concerns.

Emma D.

Oct 24, 2020

May or may not recommend

I am pleased with my high yield money market investment at Axos. I opened the account on the bank’s website. I like that I can track my investment online. I get a yield of 0.9% per annum. My funds are insured to $250,000 by the Federal Deposit Insurance Commission. The best part is they do not charge me a monthly fee for this service.

Showing 6 of 6 reviews