Axos First Savings

Key Takeaways

• You must open your new Essential Checking account at the same time as your High Yield Savings account and have a Direct Deposit totaling at least $1,000 from a third party within the first 60 days of account opening to your Essential Checking account to qualify for this bonus.
• Low interest rate. The maximum annual percentage yield for this account is only 0.10%.
• No monthly maintenance fees. This account does not charge any monthly account fees.
• $250 minimum opening deposit. This is a typical minimum initial deposit.
• No ATM fees. Axos First Savings does not charge fees on ATM transactions .
• ATM fee rebates. This account will reimburse you for ATM fees (see terms and conditions for details).

Axos First Savings Pros & Cons

Axos First Savings FAQ

Are savings accounts from Axos Bank federally insured?

Does Axos Bank offer a signup bonus?

What is the minimum initial deposit for Axos First Savings?

The minimum deposit to open a Axos First Savings is $250.

What APY does Axos First Savings offer?

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 Axos First Savings charge?

• Outgoing domestic bank transfers come with a $35 fee.
• Outgoing international bank transfers come with a $45 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
• Axos First Savings charges $5 every time you request a paper statement.

Does Axos First Savings charge overdraft fees?

No, Axos First Savings does not charge overdraft fees.

What features and perks does Axos First Savings offer?

• Bonus offer - Open an account and you may receive a signup bonus of up to $100 . See offer page for more details.
• ATM reimbursement - This account provides ATM access and will reimburse you for the ATM fees charged by other networks.
• Fraud monitoring - Axos First Savings monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location, or you make a sudden string of costly purchases.
• Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
• Nationwide ATM network - Conveniently transact at a nearby ATM.

Can you set up a direct deposit to Axos First Savings?

What is the customer support email for Axos First Savings?