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!
Axos High Yield Savings Account: Easy and convenient access to your money
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.
|APY||Up to 0.61%|
|Minimum Balance||$250 to open an account|
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?
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.
- No monthly maintenance fees.
- No minimum balance requirements.
- $250 minimum opening deposit.
- Free Incoming Wires.
- Zero Minimum Balance Requirement.
- Requires a minimum deposit to open the account;
- Balances over $25.000 earn lower APY ratings
- There are no physical branches.
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.
About the author / Aline Barbosa
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