Axos Bank

Deposits held and insured by BofI Federal Bank

Overview / Commentary
833-411-2967
4350 La Jolla Village Drive, Suite 140
San Diego, CA 92122
Deposits held and insured by BofI Federal Bank

Related Posts

Two Year 2.90% CD Through Nationwide/Axos - 6/7/2019

I saw this week that Nationwide is offering a two year 2.90% CD through Axos Bank. It has apparently been offered for several months but I was told that it could change. I don't know the relationship between Nationwide and Axos and I do not see the offer posted on the Axos site, but it can be found here if you scroll down to the rates: https://nationwide.axosbank.com/Personal/Savings/Certificate-of-Deposit

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Good Bank (Need More Chars)

I've been a customer since 2012 and haven't had any problems. Customer service via chat is always super-helpful and fast.

Nationwide/Axos

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As a Nationwide Bank CD holder I didn't have any trouble getting my account set up at the time Nationwide was transferred to Axos Bank (referred to as Nationwide Bank as powered by Axos Bank), and I found the account dashboard to be much improved. When my CD matured, I checked Axos Bank rates which are much lower than other banks, so I closed it. What I didn't realize is there are a different set of rates for what is still called Nationwide Bank powered by Axos Bank than there are for Axos Bank, and much better rates at that. Had I known, I would have kept the CD there. And it looks like one can still open a CD under Nationwide/Axos Bank and get the better rates than what Axos Bank offers. Confusing.

Nonprofit Business Checking And Money Market

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Originally opened the account under Bank of internet. They apparently changed the account terms on us, but never informed us and never sent the updated disclosure. After 2 years of contesting erroneous bank fees on mobile deposits, I was finally sent the "new" Axos disclosure, dated from 2018, (um, hello, why the heck was I never sent this?) where it states in fine print on p 33 that mobile deposits are considered 2 items, not one. So if you signed up thinking that you would have 50 free transactions per month, you're really only getting 25 if you do all deposits. Oh, and there's NO OTHER WAY TO DEPOSIT THOSE CHECKS. Now I need to take this new information to our board and decide whether we're keeping the accounts. The interest on our accounts has been great, but you pay for it in the amount of time you spend with customer service trying to get things fixed.

Worst Bank Ever!

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We wanted to have our matured Jumbo CD funds ACH transferred to the SAME VERIFIED BANK we were having the monthly interest wired to. Took 7 phone calls (think of the time on hold waiting), an attempt at a chat ("We'll get back to you in 24-48 hours"), 2 faxes, and frustration beyond words - "we can't give you a phone number or transfer you to the wire department", "we don't send the funds on the date of maturity" (despite an email from the saying they were going to), "we send them the next day so we can pay the interest". They really just want to send you a check, just like they did in the Pony Express days. DO NOT USE THIS BANK. We have used at least forty banks over the years and this one is the WORST!!! Plenty of good ones out there....

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Health
A

Data as of Q4 2019

Data displayed below is for insuring bank: BofI Federal Bank
Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #35546
Year Established2000
Employees1031
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.78%
Return on Equity - YTD18.71%
Annual Interest Income$594.8MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$11.55B$9.80B
LoansQ4 2019vs Q4 2018$10.12B$9.04B
DepositsQ4 2019vs Q4 2018$10.15B$8.42B
Equity CapitalQ4 2019vs Q4 2018$1.06B$955.6MM
Loan Loss AllowanceQ4 2019vs Q4 2018$59.3MM$53.7MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$52.2MM$43.0MM
Real Estate OwnedQ4 2019vs Q4 2018$7.4MM$8.5MM
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
1.30%--High Yield Savings
1.06%$25k$5mBusiness Premium Savings
0.80%-$5mBusiness Savings
0.70%*$1k*-IRA Savings
OTHER TIERS: 0.15% Up to $1k

Axos Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.05%--High Yield Money Market
0.80%-$5mBusiness Money Market
0.80%-$5mIndustry Specific Money Market (Non-Profit & Religious Organizations)

Axos Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%-$150kRewards Checking - 3 Qualifications
0.83%-$150kRewards Checking - 2 Qualifications
0.80%-$5mBusiness Interest Checking
0.42%-$150kRewards Checking - 1 Qualification
0.25%--First Checking
0.20%--Golden Checking

Axos Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%$1k-12 Month CD
0.40%$1k-24 Month CD
0.40%$1k-36 Month CD
0.40%$1k-48 Month CD
0.40%$1k-60 Month CD
0.40%$1k-Business 12 Month CD
0.40%$1k-Business 24 Month CD
0.40%$1k-Business 36 Month CD
0.40%$1k-Business 48 Month CD
0.40%$1k-Business 60 Month CD
0.25%$1k-3 Month CD
0.25%$1k-6 Month CD
0.25%$1k-Business 6 Month CD
0.15%$1k-Business 3 Month CD

Axos Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%$1k-12 Month IRA
0.40%$1k-18 Month IRA
0.40%$1k-36 Month IRA
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.