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 #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?
| 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 Maintenance 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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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.
Hours of Operation
Sunday12:00AM - 12:00AMMonday12:00AM - 12:00AMTuesday12:00AM - 12:00AMWednesday12:00AM - 12:00AMThursday12:00AM - 12:00AMFriday12:00AM - 12:00AMSaturday12:00AM - 12:00AM
Other Services by Axos Bank
Home Equity Lines of Credit
Rating not yet determined (2 Reviews)
Home Mortgage Loans
Rating not yet determined (2 Reviews)
Mortgage Refinance
Rating not yet determined (2 Reviews)
Other Money Market Accounts from Axos Bank
APY (Annual Percentage Yield)
Up to 3.26%
Minimum Balance to Earn APY
$0
Minimum Opening Deposit
$0
Availability
Available in 50 states and Washington, D.C.
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- District of Columbia
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
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
Reviewer Sentiment Over Time
Axos Bank High Yield Money Market Community Reviews
Would you recommend Axos Bank High Yield Money Market to your friends?
BS
Bamidele S.
Nov 24, 2021
Would 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.
J.
James .
Mar 3, 2021
Would 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.
U
Anonymous
Mar 2, 2021
Would 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.
CO
Chijioke O.
Jan 15, 2021
Would Recommend
You can't go wrong going with Acos bank hight yeild money market.
Those guys are legit
CC
Cesar C.
Nov 11, 2020
Would 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
Would 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
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