Last Updated: 05/11/2026
SuperMoney User Recommendation Score +82
Strongly recommended22 total votes
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Highlights
Community Rating
Strongly recommended
APY (Annual Percentage Yield)
0.15% - 0.61%(Verified 01/31/2025)
Disclaimer popup with additional information
Minimum Opening Deposit
Starting at $250
Minimum Balance to Earn APY
N/A
Number of Reviews
Axos High Yield Savings Account Review
Axos High Yield Savings Account is offered by Axos Bank, a bank founded in 2000 and based in San Diego, CA. Axos savings account are available in 50 states and Washington, DC.
Key Takeaways
- Higher than average APY. Axos High Yield Savings Account has an annual percentage yield of up to 0.61%, which is higher than the average interest rate for savings accounts.
- 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 High Yield Savings Account 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 savings account Pros & Cons
| Pros | Cons |
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Axos savings account FAQ
Are savings 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.
Does Axos Bank offer a signup bonus?
Axos savings account doesn't offer a signup bonus.
What is the minimum initial deposit for Axos savings account?
The minimum deposit to open a Axos savings account is $250.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | Starting at $250 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Combined Balance to Avoid Monthly Maintenance Fee | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Required Balance | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Axos High Yield Savings Account offer?
Axos savings account offers a variable APY starting at 0.15% and ranging up to 0.61% (APY stands for annual percentage yield, rates may change).
What fees does Axos savings account charge?
Axos savings account does not charge a monthly service fee. See the fee breakdown section below to view all fees.
- 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 savings account charges $5 every time you request a paper statement.
Does Axos savings account charge overdraft fees?
No, Axos savings account does not charge overdraft fees.What features and perks does Axos savings account offer?
This savings account includes the following features:
- ATM reimbursement - This account provides ATM access and will reimburse you for the ATM fees charged by other networks.
- Fraud monitoring - Axos savings account 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 savings account?
Yes, you can typically set up a direct deposit to this account. 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.
What is the customer support email for Axos savings account?
The customer support email for Axos savings account is businessbanking@axosbank.com.
How do people rate the customer service and user experience of Axos savings account?
Overall, Axos savings account is strongly recommended based on community reviews that rate customer service and user experience.
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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
Sunday
12:00AM - 12:00AM
Monday
12:00AM - 12:00AM
Tuesday
12:00AM - 12:00AM
Wednesday
12:00AM - 12:00AM
Thursday
12:00AM - 12:00AM
Friday
12:00AM - 12:00AM
Saturday
12:00AM - 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 Savings Accounts from Axos Bank
Sponsored
Axos One Savings and Checking Bundle
Sponsored
Rating not yet determined
APY (Annual Percentage Yield)
Up to 4.21%
Disclaimer popup with additional information
Minimum Opening Deposit
$0
Minimum Balance to Earn APY
$0
Disclaimer popup with additional information
APY (Annual Percentage Yield)
Up to 3.26%
Minimum Opening Deposit
Starting at $0
Minimum Balance to Earn APY
$0
Rating not yet determined
APY (Annual Percentage Yield)
0.10%
Disclaimer popup with additional information
Minimum Opening Deposit
Starting at $250
Minimum Balance to Earn APY
N/A
Rating not yet determined
APY (Annual Percentage Yield)
Up to 3.46%
Disclaimer popup with additional information
Minimum Opening Deposit
$0
Minimum Balance to Earn APY
$0
SuperMoney Net Recommendation Score
SuperMoney users strongly recommend this product, giving it a user recommendation score of +82, or 4.6 on a 5-point rating scale.
+82
-1000+100
No one recommends
Everyone recommends
Axos High Yield Savings Account Community Reviews
Would you recommend Axos High Yield Savings Account to your friends?
BM
Bonnie M.
Jan 26, 2023
May or may not recommend
In a word: adore. Even though they have many useful functions, they don't bother to promote them. First, you may make free deposits and withdrawals from any Allpoint ATM at CVS. The maximum amount allowed in a single exchange is $1,000. NOT once a day On a transaction-by-transaction basis. This allows me to transfer a large sum of money with no fees. The funds are safely stored in my account ...Show More
KU
Kyle U.
Jan 23, 2023
May or may not recommend
Have tried to open accounts several times but am rejected despite meeting all of the requirements. The support lines seemed very uninterested in solving the issue and wouldnt put time into investigating, which resulted in me taking my business elsewhere.
MC
Mazhar C.
Nov 25, 2022
May or may not recommend
If we study the advantages, it is worthwhile to analyze the favorable conditions for opening an account in this entity.
I value 3 of them. Opening bonus of $100, No minimum account maintenance fees, and from $1 to $25,000 they pay you 0.61% interest.
SR
Santiago R.
Feb 6, 2022
May or may not recommend
If we study the advantages, it is worthwhile to analyze the favorable conditions for opening an account in this entity.
I value 3 of them. Opening bonus of $100, No minimum account maintenance fees, and from $1 to $25,000 they pay you 0.61% interest.
IB
Ibinabo B.
Jan 20, 2022
May or may not recommend
Get you an Axos High Yield Savings Account in your corner, and watch your finances bloom!
SG
Santos G.
Jan 4, 2022
May or may not recommend
This savings account is easy to open and it is easy to set up your direct deposit to start getting the interest rate contribution which is pretty good compared to other saving account available.
WS
Warda S.
Sep 29, 2021
May or may not recommend
I always love to open saving accounts. the first saving accis bank of america bui don’t like their strategy. So i’m looking for something new and i’m really impressed with them.
ET
El T.
Sep 1, 2021
May or may not recommend
Axos High Yield Savings Account Savings has a level of sincerity and professionalism that speaks volumes about the people in the company.
Antonyo H.
Aug 25, 2021
May or may not recommend
If you are independent I highly recommend Axos savings account because they have low interest rates and you are protected.
BK
Brandon K.
Aug 22, 2021
May or may not recommend
I gave Axos High Yeild Savings Account a chance when I was changing banks, and I must say, they offer great services. There’s no monthly maintenance fees, and no minimum balances required for the account. However, when you start the account—you’ll need $250 deposit. There’s so many perks when choosing Axos. This is a perfect option for everyone, and I especially recommend for high school students.
Youram J.
May 14, 2021
May or may not recommend
Yes, I'm so much positive about axos bank. They have high security and provide a great saving facility to protect my money. The customer service is great. I would highly recommend you!
SL
Sally L.
Apr 15, 2021
May or may not recommend
Charges money for a paper statement...? No bonus for opening. Seems like a bonus is available at almost every institute for opening an account. Granted, maybe because this is 'high yield'.
J.
James .
Mar 2, 2021
May or may not recommend
Axos ticks the right boxes that make it a great savings account. First, they are FDIC insured, which makes your deposit safe and secure no matter what. Second, they offer the highest yield of any savings account I could find. Finally, they only have a $250 minimum initial deposit, which is great for first time account owners with not a lot of cash lying around.
VD
Vic D.
Feb 26, 2021
May or may not recommend
This is a solid account for sure. Your money will be protected, because they are FDIC insured. They don't offer a bonus at this time. I would ask you may get lucky. The worst thing they can say is no. The transfer fees are super high; I recommend using a non banking transfer system to transfer money to save you some coin.
EK
Edwin K.
Jan 2, 2021
May or may not recommend
What pulled me in first to Axos is that they are FDIC insured.Knowing your savings are safe against risks is weight off anyone's shoulder,also it is only 250$ to start a savings account with Axos that made it affordable for me to start a business relationship with Axos an am grateful that I did.
SA
Samuel A.
Dec 23, 2020
May or may not recommend
Banking with the Axos bank for a long time has been a pleasure specifically because they change their processes with time. They look through what is working and what is not working to make the process smoother and better. I have managed my monthly payments for a long time, as was suggested by an agent, and I am better for it.
CC
Constance C.
Dec 19, 2020
May or may not recommend
Axos High Yield Savings is great. I got a fantastic rate with their APY at 0.61 %. I shopped around and nobody has better rates. When I had questions about early withdrawal fees, their customer service representatives were so professional and helped me to get it all the information I needed. I would definitely recommend Axos High Yield Savings to all of my friends.
BY
Barron Y.
Dec 8, 2020
May or may not recommend
Everything on the site was real easy to use. It seems like a good company except it was hard To link accounts. I’m not sure if they are new or what. Other than that everything seemed ok about them. Maybe it’s just the banks I deal with. If your locking for just a saving account I’d recommend it.
MV
Michael V.
Nov 21, 2020
May or may not recommend
We had hit a rough patch recently, same story different person. I KNOW.
But being resourceful my family and I found some side hustles to help pay the bills and keep everyone fed and happy. Thats more than most could say these days. We had to find a new bank to squirrel some money away just incase times got...well worse.
We were tired of being Jerked around with fees from ...Show More
CC
Cesar C.
Nov 11, 2020
May or may not recommend
I have used Axos in the past, especially the high yield savings account, and it is a great service to use! Not only is it mobile, but offers a decent APY to grow your money overtime, which was terrific! Out of all the savings accounts I have used, AXOS was a great financial service to use, considering it is user friendly.
Showing 20 of 22 reviews
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