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Axos Bank High Yield Money Market

in Money Market Accounts from Axos Bank · fdic

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Axos Bank High Yield Money Market

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in Money Market Accounts from Axos Bank · Member FDIC

Net Recommendation Score +100

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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Highlights
Community Rating

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APY (Annual Percentage Yield) 0.25%
APY Minimum Balance $0.01
Minimum Opening Deposit Starting at $1,000

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 High Yield Money Market is available in 50 states (and Washington, DC).

Key Takeaways
  • Very high 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.
  • $0 monthly fee. This account does not charge a monthly Service Charge.
  • $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 all 50 states.
  • High-interest yield.
  • Does not offer mobile check deposits.
  • Free debit card and the option to lock/unlock the card if lost or stolen
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
Axos Bank High Yield Money Market FAQ

Are money market accounts from Axos Bank federally insured?

Yes, your Axos Bank money market accounts are insured up to $250,000 per person 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
Fees Amount
Monthly Fee $0
Paper Statement Fee $5
Excess Transaction 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 business card is .

What is the support contact email?

The support contact email for this business credit card is contactaxos@axosfs.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.

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • 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

Feature Breakdown

APY Minimum Balance $0.01
Minimum Balance to Avoid Monthly Fee Starting at $0
Minimum Opening Deposit Starting at $1,000
Monthly Fee $0
NSF Fee $0
Paper Statement Fee $5
Account Features
  • Member FDIC
  • Debit Card
  • Fraud Protection
  • Debit Card Lock/Unlock
  • Fraud Monitoring
  • Mobile Banking
  • Interest Bearing Account
  • No Monthly Maintenance Fee
APY (Annual Percentage Yield) 0.25%

Axos Bank High Yield Money Market Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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