Axos High Yield Savings Account

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 High Yield Savings Account are available in 50 states (and Washington, DC).

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.
• 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.
• $0 monthly fee. This account does not charge any monthly account fees.
• $250 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
• 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

Axos savings account FAQ

Are savings accounts from Axos Bank federally insured?

Yes, your deposits 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.

Does Axos Bank offer a signup bonus?

Axos savings account has a signup bonus of $100 with a $1,000 deposit.

What is the minimum initial deposit for Axos savings account?

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?

What features and perks does Axos savings account offer?

This savings account includes the following features:

• Signup bonus - Open an account and you may receive a signup bonus of up to $100 if you deposit a minimum of $1,000.
• 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 contactaxos@axosfs.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.