Axos Bank


Overview / Commentary
833-411-2967
4350 La Jolla Village Drive, Suite 140
San Diego, CA 92122

Axos Bank is the 136th largest bank in the nation. It was established in 2000 and as of June of 2021, it had grown to 1,024 employees. Axos Bank's savings rates are 17% higher than the national average, and it has a B+ health rating.

Related Posts

Axos Bank Cuts Rate and Adds Requirements to Rewards Checking - 9/6/2021

After more than ten years with a top rate of 1.25% APY, Axos Bank has lowered the top rate of its Rewards Checking account to 1.00% APY.

Axos Reward Checking Rate Go Down To A Max Of 1% On Upto 50K With Stranger Hoops Than Before - 8/17/2021

Received email mentioning the following: "Account Details Starting on October 1 Interest-Earning Eligibility Requirement Receive monthly direct deposits totaling $1,500 or more. Interest Earned: 0.40% APY2. This requirement must now be met to be eligible to earn any interest during the statement cycle, regardless of whether the other interest-earning requirements are met. Opportunities to Earn Additional Interest • Use your Axos Visa® Debit Card for a total of 10 transactions per month (min $3 per transaction) or sign up for Account Aggregation/Personal Finance Manager (PFM) in Online Banking: 0.30% APY2 • Maintain an average daily balance of $2,500 per month in an Axos Managed Portfolios Invest Account: 0.10% APY2 • Maintain an average daily balance of $2,500 per month in an Axos Self Directed Trading Invest Account: 0.10% APY2 • Use your Rewards Checking account to make your full monthly Axos consumer loan payment: 0.10% APY2 Total Interest-Earning Potential If All Requirements Are

$100 Bonus For Opening Axos High Yield Savings Account And Essential Checking (Together) - 5/10/2021

https://www.axosbank.com/High-Yield-Savings-Account "Application using promo code GET100 must be submitted before 11:59pm PST on 05/31/2021 to qualify. 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. Bonus will be deposited into your new checking account within 5 business days of your third statement cycle date. Accounts must remain open for 180 days or an early closure fee of $50 may apply. Must be new funds to receive bonus credit. Terms and conditions subject to change without notice. Bonus may be taxable and reported on IRS Form 1099-MISC. Consult your tax advisor. Bank reserves the right to limit each customer to one new account-related gift incentive per calendar year. NOTE: “New Funds” is defined as funds that did not originate from another Axos Bank b

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Direct Deposit For Accounts

This institution does not accept P2P through billpay. Does anyone know what they will accept for DD? Both reward checking and essential checking require billpay. Was told DD through billpay marked P2P will not count.

Money Market Rate Lowered Immediately?

I opened a money market account with them a month ago because it was .6%. Now, after going to all that trouble, it is down to .25%. LESS THAN HALF! I know the rates are variable, but other bank rates have gone UP this same month. What a ripoff.

The WORST Banking Experience Of My Life!!!

I worked for eight years in a bank in another country and NEVER did I see such an atrocity as what I endured with Axos Bank! That is all I will say because I am sure if I gave details of my experience, they would find ways to retaliate against me! NEVER TRUST AXOS BANK FOR ANYTHING!!! I wish I had found this website before I opened an account with them. The sorrow of many is the consolation of fools!

This Bank Is AMAZING - Cannot Understand The Bad Reviews

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I LOVE LOVE LOVE this bank. They don’t even advertise all of their cool features. First you can use any Allpoint Atm at CVS to withdraw and DEPOSIT cash for FREE. Up to $1000 per transaction. NOT per day. Per transaction. So I can move a lot of money for free. The cash is always in my account and available in seconds. They have paper checks, in and out wire transfers, FDIC insured, bill pay, and will increase your daily limits for large transactions upon request. They have tons of banking products and their app is awesome. NO FEES EVER I cannot say enough good things. So happy.

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Health
B+

Data as of Q2 2021

Capitalization grade does not factor in PPP loans and the use of the PPP Liquidity Facility.
Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #35546
Year Established2000
Employees1024
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.74%
Return on Equity - YTD18.23%
Annual Interest Income$308.3MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$12.75B$13.02B
LoansQ2 2021vs Q2 2020$11.42B$10.68B
DepositsQ2 2021vs Q2 2020$10.96B$11.36B
Equity CapitalQ2 2021vs Q2 2020$1.30B$1.15B
Loan Loss AllowanceQ2 2021vs Q2 2020$132.8MM$75.6MM
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$141.4MM$86.0MM
Real Estate OwnedQ2 2021vs Q2 2020$6.1MM$6.1MM
Rates
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Always verify rates and promotions with the bank or credit union. We are not Axos Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Axos Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.61%*-$25kHigh Yield Savings
OTHER TIERS: 0.15% $100k+ | 0.25% $25k - $100k
0.20%$25k$5mBusiness Premium Savings
0.20%-$5mBusiness Savings

Axos Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%--High Yield Money Market
0.20%-$5mBusiness Money Market
0.20%-$5mIndustry Specific Money Market (Non-Profit & Religious Organizations)

Axos Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%-$50kRewards Checking - 5 Qualifications
0.81%*-$50kBusiness Interest Checking
OTHER TIERS: 0.10% $250k - $5m | 0.20% $50k - $250k
0.40%-$50kRewards Checking - Direct Deposit Only
0.10%--First Checking
0.10%--Golden Checking

Axos Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%$1k-3 Month CD
0.20%$1k-6 Month CD
0.20%$1k-12 Month CD
0.20%$1k-24 Month CD
0.20%$1k-36 Month CD
0.20%$1k-48 Month CD
0.20%$1k-60 Month CD
0.20%$1k-Business 12 Month CD
0.20%$1k-Business 24 Month CD
0.20%$1k-Business 36 Month CD
0.20%$1k-Business 48 Month CD
0.20%$1k-Business 60 Month CD
0.15%$1k-Business 6 Month CD
0.10%$1k-Business 3 Month CD
Locations

Axos Bank is an Internet only bank and does not have branch locations. Its headquarters is located at 4350 La Jolla Village Drive, Suite 140 - San Diego, CA 92122

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.