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).

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 Axos Bank High Yield Money Market rates?

Axos Bank High Yield Money Market offers an APY of up to 0.6% (APY stands for annual percentage yield, rates may change).However, to earn interest you must keep a minimum balance of $0.01.

What are the Axos Bank High Yield Money Market fees?

Axos Bank High Yield Money Market does not charge a monthly maintenance fee.

What is the minimum balance for Axos Bank High Yield Money Market?

Minimum initial 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 High Yield Money Market offer?

This account includes the following features:

• Fraud monitoring - Axos Bank monitors transactions for potentially fraudulent activity.
• Mobile Banking Services - Axos Bank High Yield Money Market allows you to manage your money online.

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.