How to open an Axos High Yield Savings Account easily
If you're looking for an online savings account, the Axos High-Yield Savings account is a good place to start. Learn about its features and application process here!
by Aline Barbosa
Axos High Yield Savings Account application: Competitive APYs for all balances.
The Axos High Yield Savings Account is a solid option for anyone looking for an online savings account to earn interests on their savings. Axos Bank doesn’t require clients to keep a minimum balance in order to gain interest. However, new customers need to deposit a minimum of $250 to open the account.
There are no monthly or maintenance fees and the Annual Percentage Yield (APY) is 0,61%. The bank offers easy access to funds by providing a free ATM card upon request.
That means customers can withdraw money without having to transfer it to a checking account.
Axos does not have physical branches and all of their services are online only. Customers can manage their accounts via internet banking or reach customer services 24/7 through text messages, online chats, phone or email.
To learn how to open an Axos High Yield Savings Account, keep reading the content below.
Opening an Axos High Yield Savings Account online is easy and can be done in just a few minutes. First, access Axos’ official website and hover your mouse over the “bank” option on the top menu. Then, select the “high yield savings” under the “savings” alternative. After that, click on “open an account”.
The bank will redirect you to another page with three options. If you’re a new customer, click on that alternative and fill out the form with your name and contact info. Axos will require you to create a username and password for the next step. Once you’ve done that, click on “start application” and follow the directives provided by the institution.
You will be redirected to another website
Apply using the app
You can open the account via mobile by following the same steps listed above. First you’ll need to download the app – which is free and available in all online app stores. With the Axos app, you can also manage your account and have access to one of the best banking apps available for clients with a savings account.
Axos High Yield Savings Account vs. Sable Bank Account
But maybe what you’re looking for isn’t exactly a savings account – even if a great one. In that case, we can help you with another option. Meet the Sable Bank account. Sable is an online account that also doesn’t charge any fees and offers a grand deal of goods and services to everyone with zero bureaucracy. See the comparison below for some of its key features and follow the link if you want to learn how to apply for it.
|Axos High Yield Savings Account||Sable Bank Account|
|APY||Up to 0.61%||None|
|Minimum Balance||$250 to open an account||Not required|
|Maintenance Fees||None||No maintenance fees|
How to apply for Sable bank Account?
Opening your Sable account is simple, and your account will be fee-free with a debit card and cashback. Isn't it great? Learn how to get one for yourself.
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