Axiom Bank Regular Savings Review

Axiom Bank Regular Savings is offered by Axiom Bank, N.A., a bank founded in 1962 and based in Maitland, FL. Axiom Bank Regular Savings is available in 1 state across the USA.

• Higher than average APY. Axiom Bank Regular Savings has an annual percentage yield of up to 0.15%, which is higher than the national average interest rate on savings accounts. Note that you must keep a minimum balance of $0.01.

Pros	Cons
This account can be linked to your checking account for overdraft protection. Interest bearing account. Interest-yielding account. Access to physical branches. Access to a nationwide network of ATMs.	Although there is no monthly service fee, there is a $6 quarterly service charge if a minimum balance of $25 is not maintained. Only 3 fee free withdrawals are allowed per month. $10 ech thereafter. No signup bonus. Does not come with a debit card Only available in one state. Higher than average wire transfer fees.

Are savings accounts from Axiom Bank, N.A. federally insured?

Yes, your Axiom Bank, N.A. savings accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #31390). 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.

Does Axiom Bank, N.A. offer a signup bonus?

Axiom Bank savings account has a signup bonus of $0.

What is the minimum initial deposit for Axiom Bank savings account?

The minimum deposit to open a Axiom Bank savings account is $25.

Axiom Bank Regular Savings Minimums

Description
APY Minimum Balance	$0.01
Minimum Balance to Avoid Monthly Fee	Starting at $25
Minimum Opening Deposit	Starting at $25
Minimum Required Balance	$25

What APY does Axiom Bank, N.A. offer?

Axiom Bank savings account offers an APY of 0.15% (APY stands for annual percentage yield, rates may change).

The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually.

What fees does Axiom Bank savings account charge?

Axiom Bank savings account does not charge a monthly service fee. See the fee breakdown section below to view all fees.

However, you can waive the monthly fees if you have a minimum daily balance of $25.

• Outgoing domestic bank transfers come with a $20 fee.
• Incoming domestic bank transfers come with a $10 fee.
• Outgoing international bank transfers come with a $65 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
• Incoming international bank transfers come with a $10 fee.
• Axiom Bank savings account charges a $25 fee for an early account closure. Contact Axiom Bank savings account for more details on what is considered an early closure.
• Axiom Bank savings account charges $5 every time you request a paper statement.

What features and perks does Axiom Bank savings account offer?

This savings account includes the following features:

• Mobile Banking Services - Axiom Bank savings account allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
• Nationwide ATM network - Conveniently transact at a nearby ATM.

Can you set up a direct deposit to Axiom Bank savings account?

In most cases, the answer is yes. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.