Finances (US)
How to apply for the Axos High Yield Savings Account?
The Axos High Yield Savings Account is an online saving account with one of the best APY rates on the market. Check out how to apply for it right now!
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by Aline Augusto
Axos High Yield Savings Account application process
If you’re searching for an online saving account with a high APY and no monthly maintenance fee, the Axos High Yield Savings Account may be the perfect option for you!
Axos High Yield Savings Account offers competitive rates and has no fees. Plus, the process of opening the account is easy, and they have an app for your phone so you can manage it quickly and easily on the go!
However, it doesn’t feature rewards or welcome bonuses. Plus, note that you need to deposit at least $250 to open the account.
On the contrary, you can get an ATM card to withdraw cash without requiring a money transfer.
Also, it provides an online platform with alerts and more. So, keep reading and find out how to apply for it now!
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Apply online
Access the Axos Bank website at Axos Bank and click on Open an Account. You can open an account as a new customer, an existing one, or a returning applicant.
Choose the option, fill in the form with your personal information and submit it.
It is fast and easy.
Apply using the app
You can download the mobile app to manage all your saving account information after the online approval.
Axos High Yield Savings Account and Aspiration Spend & Save™ Account comparison
If you are looking for an online saving account that offers a high APY, the Axos High Yield Savings might be the one for you. On the other hand, if you are looking for some rewards, instead, check out the Aspiration Spend & Save™ Account.
| Axos High Yield Savings Account | Aspiration Spend & Save™ Account | |
| APY | Up to 0.61%* *the APY may vary based on your balance | Up to 5% (for Plus account with at least $1,000 purchases in debit card); 3% for Basic members (on balances up to $10,000 with $1,000 purchases in debit card); No APY when doesn’t apply the minimum requirements |
| Withdrawal options | Electronic transfer Wire transfer Phone transfer ATM (also features ATM card) | ACH transfer Wire transfer Mailed check ATM or Point-of-sale |
| Deposit options | $250 minimum deposit for the account opening Electronic transfer Mailed check Wire transfer Mobile-deposited check | Minimum of $10 to open the account ACH transfer Mailed check Wire transfer Mobile-deposited check |
| Fees | No monthly mantainence fee | No monthly mantainence fee |
| Top perks | Online platform and mobile app; ATM card and FDIC insurance | Cash back; FDIC insurance; AIM score; phone protection and mobile app |
How to apply for Aspiration Spend & Save™ Account?
Aspiration Spend & Save™ is a hybrid checking and saving account with perks. See how to apply for it!
Aline Augusto
Aline Barbosa
Senior Editor
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