A high yield savings account offers a safe place to store your funds. Plus, a higher than average interest rate to keep your money growing. The Axos high yield checking account exceeds expectations for those considering this type of account.
Ready to learn more? Here’s what to know about Axos’ high yield savings account.
About Axos Bank
Axos Bank was founded in 2000 and has built an impressive collection of financial products. The financial institution offers a suite of accounts that go above and beyond to create a worthwhile customer experience.
As a completely digital bank, you won’t find any in-person branches. However, you will find a streamlined online experience that allows you to tackle banking with fewer headaches.
Axos Bank has won multiple awards recognizing the usefulness of its products. The trusted bank is FDIC insured, which means that up to $250,000 in savings is protected through federal deposit insurance. With that, you can feel safe and secure storing your savings in an Axos high yield savings account.
Axos High Yield Savings Account Features
Here's a closer look at the features of the popular high yield savings account offered through Axos.
Competitive APY
As with any high yield savings account, the APY is something to consider. The Axos High Yield Savings Account offers a competitive APY that will allow you to grow your savings while using this account.
Once you fund the account, your APY will be determined based on your balance. If you have less than $25,000 in your account, you will earn the highest APY available. But the APY on balances over $25,000 will fall on a tiered basis.
No monthly fee
A monthly account fee is essentially paying a financial institution to hold on to your cash. If possible, you always want to avoid monthly maintenance fees.
Axos High Yield Savings Account doesn't have any monthly fees. However, you may run into other fees as you use this account. A few include a paper account statement fee, ATM Card replacement rush fee, and research fees.
No Minimum Balance Requirements
You won’t run into any minimum balance requirements with this account. With that, you have the flexibility to move funds around as needed.
However, you will need to fund the account with $250 initially.
Free ATM Card
If you want to have access to your cash through an ATM card you can request a free ATM card. Even if you lose your card, you will be able to request a new one for free.
Top-notch Security
Online banking requires significant security measures to ensure your information is safe. Axos Bank takes your account security very seriously.
The bank has employed several security features, including 2-step authentication, anti-virus protection, malware protection, account monitoring, SSL encryption, and automatic inactivity logouts.
Additionally, you have the option to boost your account security with biometric authentication. You can add a fingerprint, voiceprint, or facial recognition to ensure that your account is completely secure.
With all of these features in place, you should have tremendous peace of mind when you work with Axos.
Online Account Management with a Free Virtual Financial Assistant
Axos Bank offers a virtual financial assistant to help you with your banking needs. You can take care of your banking business 24/7 with the help of your new assistant -- Evo.
Whenever you have questions about your banking experience, Evo will have the answers you are looking for.
Other Accounts at Axos Bank
The Axos High Yield Savings Account certainly stands apart from the crowd. But it is not the only account available through this bank. Here are a few of the other account offerings:
Axos Rewards Checking Account. This is a popular account that allows you to tap into a checking account experience with minimal fees that rewards you with a competitive APY.
Certificates of Deposit. The CDs offered through Axos Bank provide a way to grow your funds with term lengths from three months to five years.
High Yield Money Market Account. This money market account provides a competitive APY with limited check-writing privileges. Plus, you won’t have to deal with monthly maintenance fees or minimum balance requirements. Overall, Axos Bank offers a wide selection of high-quality banking products. With that, you can simplify your banking experience by using Axos for a variety of your banking needs.
most rigorous scrutiny. Axos has employed the use of several security features to keep your information secure. You’ll even have the option to add biometric identification to provide an extra layer of security.
The icing on the cake is that you can manage your entire banking experience online with Axos Bank. With that, you won’t have to worry about managing your funds during bankers’ hours. Instead, you can simply log on whenever and wherever you want to accomplish your banking tasks.
