Personal Banking:
Essential Checking
Essential Checking is Axos Bank’s basic checking account. There are no fees or minimum deposits associated with the account, but no interest is paid on balances held. You can have unlimited domestic ATM fee reimbursements with an Essential Checking account.
Rewards Checking
Rewards checking offers a tiered interest rate that can earn you up to 1.25% APY. You get the same other benefits as an Essential Checking account, but you can also earn interest. You need a minimum $50 deposit to open a Rewards Checking account. To make the 1.25% APY, you need to meet the following criteria:
- Monthly direct deposits of above $1,500 earn you 0.4% APY
- Using your debit card at least 10 times a month (at least $3 per transaction) earns 0.3% APY
- Having an average daily balance of above $2,500 earns 0.2% APY
- Having a Self Directed Trading Account with an average balance above $2,500 earns 0.2% APY
- Using your Rewards Checking Account to make full payment on an Axos consumer loan earns 0.15% APY
Cashback Checking
The Cashback Checking accounts allow you to earn on your spending instead of earning interest. The Cashback Checking account gives you up to 1% cashback on spending from this account.
First Checking
The First Checking Account is a joint account for children between 13 and 17. Your teen can be taught responsible money management while earning 0.25% APY. No fees are incurred with this account, and Axos reimburse up to $12 in ATM fees per month. Spending limits are also in place to ensure your teen doesn’t overspend.
Golden Checking
Golden Checking is an account specifically for those aged 55 or older. You need $50 to open a Golden Checking account, and your money will earn 0.20% APY. There are no associated fees and no minimum balance requirements.
High Yield Savings
Axos Bank offers a High Yield Savings account where you can earn up to 0.61% APY. This rate applies to balances up to $25,000. Balances above this amount earn a lower APY, down to 0.15% for balances greater than $100,000. There are no minimum balance requirements or maintenance fees, but you will need a minimum deposit of $250 to open a High Yield Savings account.
High Yield Money Market
The High Yield Money Market account requires an initial deposit of $1,000. Once opened, the account has a 0.25% APY on all balances held. While higher APY money market accounts are available, Axos Bank stands out by charging no fees.
CDs
CDs allow customers to earn a fixed amount of interest over a specific period of time. CDs require a minimum deposit of $1,000 and will earn 0.20% APY. Axos Bank offers CDs between 3 months and 5 years, all of which offer an APY of 0.20%. There are penalties payable for early withdrawal from a CD. Its vital to note that other online banks offer more attractive CD rates than Axos Bank.
| Account Name |
Key Features |
Bonuses |
| Essential Checking |
- Free account with no fees
- Direct deposit express
- Unlimited ATM fee reimbursements
|
|
| Rewards Checking |
- APY of up to 1.25%
- Only $50 is required to open
- No fees payable
|
$100 welcome bonus |
| Cashback Checking |
- Up to 1% cashback on spending
- No monthly fees payable
- No ATM fees
|
|
| First Checking |
- A joint account designed for 13-17-year-olds
- APY of 0.10%
- Digital money management tools are available for children to learn
|
|
| Golden Checking |
- No maintenance fees payable
- 50 free personal checks every 6 months
- 0.10% APY
|
|
| High Yield Savings |
- High APY of 0.61% available for balances under $25,000
- Free ATM cards are available
- Only a $250 deposit required
|
|
| High Yield Money Market |
- 0.25% APY on all balances
- Debit cards and checks are available free of charge
- A $1,000 minimum deposit required
|
|
| CDs |
- CDs available from 3 months to 5 years
- APY of 0.20% on all CDs
- Early withdrawal penalty payable
|
|
Business Banking:
Basic Business Checking
Designed for small businesses with moderate account activity. No monthly maintenance fees and no minimum deposit is required to open an account. Does not pay interest on the account balance.
| Account Type |
Key Features |
| Basic Business Checking |
- No fees
- No overdraft charges
- $0 to open an account
|
Business Interest Checking
Checking alternative for growing businesses with cash reserves. No monthly maintenance fees when the business maintains an average daily balance of $5,000 or more. Competitive APY benefits businesses that are interested in growing their reserve funds.
| Account Type |
Key Features |
| Business Interest Checking |
- 1.01% APY
- No overdraft charges
- No minimum balance required
|
Business Premium Savings
Designed for small businesses with moderate account activity. No monthly maintenance fees.
| Account Type |
Key Features |
| Business Premium Savings |
- 0.20% APY
- $25,000 initial deposit required
- No maintenance fees
|
Business Savings
Designed for growing businesses with cash reserves. No monthly maintenance fee when an average daily balance of at least $2,500 is maintained.
| Account Type |
Key Features |
| Business Savings |
- 0.20% APY
- $1,000 initial deposit required
- No maintenance fees if the average daily balance requirement met
|
Non-Profit Money Market
Designed for non-profit organizations or religious groups. Funds can grow quickly with cost-saving Treasury Management tools while maintaining check-writing privileges.
| Account Type |
Key Features |
| Non-Profit Money Market |
- 0.20% APY
- $1,000 minimum opening deposit
- Dedicated relationship manager
|
