Axos High Yield Savings account full review
Check out our Axos High Yield Savings Account review and find out all about its benefits, such as high APY, no monthly fee and a mobile app for you to manage your finances!
by Aline Augusto
Axos High Yield Savings Account overview
Axos High Yield Savings Account is a bank account with the best interest rates on the market. The rates are so high, they must be too good to be true, right? Wrong! Axos has competitive rates and offers more than just what banks offer – it also offers you security. Learn all about this great banking solution by reading on this Axos High Yield Savings Account review!
So, if you are you searching for a saving account that features one of the best APY rates on the market and an mobile app that offers a good and easy user experience, this account may be the perfect option for you!
Then, look at the account overview and check out if it fulfills your needs.
|APY||Up to 0.61%*|
*the APY may vary based on your balance
|Withdrawal options||Electronic transfer|
ATM (also features ATM card)
|Deposit options||$250 minimum deposit for the account opening |
|Fees||No monthly mantainence fee|
Learn all about the Axos High Yield Savings Account
This saving account offers up to 0.61% APY, one of the best rates compared to other similar bank accounts on the market. But note that the APY is variable, based on your balance.
Also, it doesn’t charge a monthly maintenance fee. But, it requires a minimum deposit of $250, a little high if you search for other saving accounts.
On the other hand, you can get an ATM card, so you don’t need to transfer money to another account to withdraw cash.
Plus, it features a mobile app. And the online account is user-friendly.
Axos High Yield Savings Account benefits and more
The Axos High Yield Savings Account’s main benefit is its rates. With up to 0.61% APY, you can save and grow your money in an easy digital platform. But remember, the APY is tiered, and it may vary from 0.15% to 0.61%, depending on your balance.
Furthermore, Axos offers a free ATM card, no monthly fees, and no minimum balances.
On the contrary, it doesn’t give you any rewards, and it requires a minimum deposit to open the account. Also, the CD rates are low if compared to other banks.
- High APY
- ATM card
- No monthly maintenance fee
- Online account
- Features mobile app
- Requires a minimum deposit of $250
- No rewards
- Plus, no welcome bonus
- No branches
- Low CD rates
Check credit score requirements
The only requirement to open the Axos account is a deposit of $250. You also need to gather your personal information to fill in the forms.
Learn how to apply for an Axos High Yield Savings Account
This saving account features one of the best APY rates on the market. Check out how to apply for it now!
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