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Axos High Yield Savings Account review: is it good?

Read our Axos High Yield Savings Account review to see if it’s a good fit for your financial needs. This online savings account has competitive interest rates, no monthly maintenance fees, and much more!

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by Aline Barbosa

06/21/2022 | Updated on 02/16/2023

Axos High Yield Savings Account: Easy and convenient access to your money

Axos High Yield Savings Account review
Read our Axos High Yield Savings Account review. Source: The Mad Capitalist.

If you’re looking for a high-interest savings account and could do away with all the fees many of them charge their customers, you’re in the right place. With Axos Bank, clients don’t have to worry about monthly or maintenance fees while growing their money. In this Axos High Yield Savings Account review, you’ll learn all the features, perks and drawbacks this account has to offer. That way, you can decide if it’s the right fit for your financial needs.

See the table below for some of its main features and read on to learn everything the Axos High Yield Savings Account can do for you.

APYUp to 0.61%
Minimum Balance$250 to open an account
Maintenance FeesNone
Axos High Yield Savings Account review

How to open an Axos High Yield Savings Account?

Lean how to open your Axos High Yield Savings Account with our easy guide and start earning interest today!

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How to open an Axos High Yield Savings Account?

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What is the Axos High Yield Savings Account?

If you’re like most people, you’re always looking for ways to save money. Well, here’s a great solution: the Axos High Yield Savings Account. With an APY up to 0.61%, this account is one of the best on the market.

The account offers a competitive interest rate, no monthly fees, and no minimum balance requirements. Plus, you can easily access your funds online or through the mobile app.

Customers can request a free-of-charge ATM card to withdraw money without having to transfer the funds to a checking account first. 

To learn more about what this product has to offer, keep reading our Axos High Yield Savings Account review.

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Is the Axos High Yield Savings Account good?

Axos High Yield Savings Account review
Is the Axos High Yield Savings Account any good? Source: The Mad Capitalist.

Next in our Axos High Yield Savings Account review, we’ll cover the advantages and disadvantages of opening an account.

Even though this is one of the best services available by Axos, it’s important to learn the good and the bad before jumping aboard. See what they are below. 

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Pros

  • Competitive APY rates;
  • Premium customer services;
  • Free ATM card (upon request);
  • No maintenance or monthly fees;
  • Online account management.

Cons

  • Requires a minimum deposit to open the account;
  • Balances over $25.000 earn lower APY ratings
  • There are no physical branches.

Multiple personalized credit card offers

Applying won't hurt your credit score

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Does it check credit scores?

Like most banks, Axos does not check your credit score when you open a new account. However, the institution might perform a quick background check of your banking history.

But you don’t have to worry about any of that because Axos does not deny savings account applications based on credit scores. So even if you have a damaged rating, you can still open an account. 

Want to open an Axos High Yield Savings Account? We will help you!

Now that you’ve read our Axos High Yield Savings Account review, it’s time to learn how to open an account. The process is easy and you can start earning high-interest on your savings in just a few minutes.

Follow the link below for an easy guide on how to start banking with Axos. 

Axos High Yield Savings Account review

How to open an Axos High Yield Savings Account?

Lean how to open your Axos High Yield Savings Account with our easy guide and start earning interest today!

Keep Reading
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How to open an Axos High Yield Savings Account?

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About the author

Aline Barbosa

Aline Barbosa is an editor, writer and learning-enthusiast. Passionate about music, books and human behavior. Curious about the unknown. Believer that learning is a life-long process.

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We are an independent, objective, advertising-supported content publisher website. In order to support our ability to provide free content to our users, the recommendations that appear on our site might be from companies from which we receive affiliate compensation. Such compensation may impact how, where and in which order offers appear on our site. Other factors such as our own proprietary algorithms and first party data may also affect how and where products/offers are placed. We do not include all currently available financial or credit offers in the market in our website.

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Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved, or otherwise endorsed by any of the entities included within the post. That said, the compensation we receive from our affiliate partners does not influence the recommendations or advice our team of writers provides in our articles or otherwise impact any of the content on this website. While we work hard to provide accurate and up to date information that we believe our users will find relevant, we cannot guarantee that any information provided is complete and makes no representations or warranties in connection thereto, nor to the accuracy or applicability thereof.

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