Nationwide by Axos Bank

Deposits held and insured by Axos Bank

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

Related Posts

Nationwide Down To 0.90% Too - 7/30/2020

Nationwide, like Axos lowered its base rate to 0.90% on its savings. Looks like you can get UP TO 1.05% if you jump through some linked checking account hoops.

Axos Down To 0.90% Nationwide Probably Next. - 7/29/2020

Axos is down to 0.90% on their online savings, I assume Nationwide is probably next.

HUGE Rate Cut By Nationwide By Axos Bank - 6/9/2020

The savings acct rate dropped from 1.51% to 1.00%. The Money Market acct, which was the former national rate leader for MM and savings accts, dropped from 1.55% to 1.31%. In 14 days, the savings acct rate has amazingly dropped from 1.70% to 1.00%!! Sounds like Nationwide wants out of the banking business. https://nationwide.axosbank.com/Personal/Savings

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Reviews (6)

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.

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.

Nationwide Customer Given Run Around

Posted by: |

I wish Nationwide would remove their endorsement to their customers for this bank. I tried to open an account, and I'm a former UFB accountholder, so their online would not allow me to open as a new account holder. I called twice and left my 'call back' number. Never received a call. I sent email, 3 days later, I received an email, to 'log in as a new customer'..duh...that does not work. I then called and sat on hold until I could speak to someone. The person I spoke with told me they needed to take my app over the phone. This is a joint account, so we went thru all the info for both accounts. The agent then tells me his computer blanked out and lost the info. So we go thru the process again. At the end, he asks me, do you have a credit freeze, I answer yes. He tells me I need to lift the freezes and then call in and apply again. He apologized for not asking me that at the beginning of the process. I then get an email from Nationwide Axos, with the info to contact the 2 bureaus, to lift the freeze. I go ahead and lift the freezes. Several hours later, at their instruction, I called in to start the app process again. This time, I was told, I do not need to re-apply, that I lifted the freezes timely. I had previously lifted my Chex System fraud alert as well. So now, with both applicants, seniors, with excellent credit. we get a 'decline' from Nationwide Axos. What a waste of my time and energy. As an insured with Nationwide, I wish Nationwide would stop sending me emails promoting Axos. Nationwide can do better than using this dysfunctional institution to offer banking to its customers.

Won't Allow ACH In....

Posted by: |

I have an existing CD at this bank (I opened it prior to Nationwide turning their banking over to AXOS) and yet online it would not recognize me as an existing customer when I started the application!! The process to open is tedious but I still persevered. When it came time to fund the account, I couldn't figure out how to ACH in, so I called them. I was told I had to link an external account and then could do a one time transfer IN to them since it was a CD. I thought that was weird but still started the process and waited for 3 business days for small deposit verification. Instead I received a note from the external bank (where the money was coming from) that the Axos account was not active! I Live Chatted with Axos and they said I could NOT ACH $$ in, that I could only mail a check or wire transfer. They apologized for the incorrect information I received, however it's now been a week that I've been trying to open this CD. I have since taken my CD $ elsewhere and will let this one die on the vine.

UPDATE 7/30/19: I did receive a call from AXOS saying that they WOULD accept an ACH in but I had already moved the $$ elsewhere and I still question why they say one thing and then say the opposite and then back pedal

Good Luck Opening A Account. Get Ready For The Run-Around.

I was enticed by the 2.9% 2yr CD offer. Opening a account is a nightmare. You first go through the tedious online process and submit your DL electronically. You have to unlock your credit reports in order to do so. After which your account goes into review. When you don't hear anything you can then contact their customer service who will ask you to go through the whole process again, including unlocking your credit reports. After which your account will go into review again. Then you will get a email asking you to do the whole thing over again. A CSR told me that this is standard operating procedure for new accounts. All I experienced was run-around and a waste of time. I should have known better after dealing with UFB in the past, which is now also part of Axos/Nationwide. Save yourself some time and frustration. I have never had such difficulty opening a online account and I have dealt with more online banks that I can count. I regret giving this bank any of my information. At this point I have given up and went ahead and opened my CD elsewhere, which BTW took less than 5 minutes.



Health
A

Data as of Q1 2020

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

Health Grade Components

Overall
FDIC Certificate #35546
Year Established2000
Employees902
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD2.08%
Return on Equity - YTD22.26%
Annual Interest Income$184.3MM
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$11.54B$10.17B
LoansQ1 2020vs Q1 2019$10.36B$9.12B
DepositsQ1 2020vs Q1 2019$9.59B$8.68B
Equity CapitalQ1 2020vs Q1 2019$1.10B$979.7MM
Loan Loss AllowanceQ1 2020vs Q1 2019$86.9MM$71.7MM
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$57.1MM$44.5MM
Real Estate OwnedQ1 2020vs Q1 2019$7.0MM$7.5MM
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
1.05%--My Savings
0.90%$300-Regular Savings
0.90%--My Savings w/o Checking

Nationwide by Axos Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.90%--Money Market Plus

Nationwide by Axos Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*$25k*-Interest Checking
OTHER TIERS: 0.10% Up to $2.5k | 0.20% $2.5k - $10k | 0.30% $10k - $25k
0.25%--First Checking

Nationwide by Axos Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%$500-3 Month CD
0.40%$500-6 Month CD
0.40%$500-9 Month CD
0.40%$500-12 Month CD
0.40%$500-18 Month CD
0.40%$500-24 Month CD
0.40%$500-36 Month CD
0.40%$500-48 Month CD
0.40%$500-60 Month CD

Nationwide by Axos Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%$500-6 Month IRA
0.40%$500-12 Month IRA
0.40%$500-24 Month IRA
0.40%$500-36 Month IRA
0.40%$500-48 Month IRA
0.40%$500-60 Month IRA
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

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