Nationwide by Axos Bank

Deposits held and insured by Axos Bank

Update. Issue Has Been Resolved.

Posted by: |

Updated 7/15/20. I was contacted by the bank this morning and my issue has been resolved. Thank you.

Be very cautious with opening an account with this bank. They participate in very shady business practices including those that may prevent you from receiving interest that had accumulated in your account. I accumulated almost $300 in interest during June, but because of a small technicality buried within their terms of agreement, I didn't receive any of it.

Good Luck Accessing Your Account And Making Deposits

Posted by: |

This bank loses major points with me for three reasons: The first is being locked out of my account daily; the website failing to recognize my username/pw on a daily basis - requiring me to reset it only to have to call and go through a security check ovee the phone to verify my account. The second is having to go into a CVS and use their register to make any cash deposits. Why can't this company utilize atms for cash deposits like every other banking institution. Mobile deposits for checks are convenient, but sometimes scanned checks are rejected and there is a verification period and an addtional processing time which delays fund availability. Third: I phoned customer service to verify the max amount you could withdraw from an atm. I was asked what I needed the money for. Excuse me? It's my money I earned, and none of your business what I intend to use it for.

Avoid Banking Hell

Posted by: |

Very shady bank. One week to acknowledge a request to close an account (following a complaint of no action). Apologetic email, yet no closure. Good luck trying to speak to a person. Email system is a failure as it is more like the bank's run-around/customer-avoidance/action-delaying tool. They will not automatically alert you when CDs are maturing beforehand, via email, as is standard in other banks. Instead, they will mail you a letter 14 days after maturity date-- 5 days after the grace period closes-- and CDs renewed at 0.2% (when regular savings accounts are over 3%). Is this their way to be sure you have to pay penalties? Never written a review, but this bank is so bad, I feel sparing others the pain of trying to get your money back in a timely manner in our digital age. This is week #2 and am still in limbo, getting same pre-canned responses, and wondering what is going on. More injurious: total fees to get your money back (closing accounts, etc.) adds to a little over 1% of the amount in the accounts. Their current APR for 5-year CDs is 0.2%. Seriously? Wish I had read these reviews before opening accounts.

Great Rate, Difficult Application.

Posted by: |

Since I previously had a UFB (also Axos) account I had to register as an existing customer.

Unfortunately, it did not recognize my old UFB username/password, so I had to go to UFB to re-register on their new system, with all the emails, access codes, and associated security procedures.

Finally got into Nationwide/Axos with its associated access codes and procedures to fill out an application. I received no confirmation I had actually opened an account until two days later.

It was a long tedious process, then they dropped their rate the next day.

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Health
A

Data as of Q2 2022

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
Employees1095
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.71%
Return on Equity - YTD16.8%
Annual Interest Income$347.0MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$16.00B$12.75B
LoansQ2 2022vs Q2 2021$14.08B$11.42B
DepositsQ2 2022vs Q2 2021$14.08B$10.96B
Equity CapitalQ2 2022vs Q2 2021$1.63B$1.30B
Loan Loss AllowanceQ2 2022vs Q2 2021$148.4MM$132.8MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$118.3MM$141.4MM
Real Estate OwnedQ2 2022vs Q2 2021$0$6.1MM
Rates
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Always verify rates and promotions with the bank or credit union. We are not Nationwide by 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.

Nationwide by Axos Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%--My Savings
0.25%$300-Regular Savings
0.20%--My Savings w/o Checking

Nationwide by Axos Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%--Money Market Plus

Nationwide by Axos Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.90%-$150kAdvantage Checking - All Qualifiers
0.45%-$150kAdvantage Checking - Qualifying Direct Deposits
0.45%-$150kAdvantage Checking - Qualifying Debit Card Transactions
0.10%--Interest Checking
0.10%--First Checking

Nationwide by Axos Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.85%$500-18 Month CD
2.80%$500-12 Month CD
0.20%$500-3 Month CD
0.20%$500-6 Month CD
0.20%$500-9 Month CD
0.20%$500-24 Month CD
0.20%$500-36 Month CD
0.20%$500-48 Month CD
0.20%$500-60 Month CD
Locations

Nationwide by 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.