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Axos Bank Review

FDIC Insured Institution

Axos Bank presents a study in contrasts within today's banking landscape. While their savings account stands near the upper tier of the market with a competitive 4.00% APY—significantly above the 2.42% market average—their CD offerings tell a different story. This savings account requires no minimum deposit to open, making it accessible to customers regardless of their initial financial position.

Their CD portfolio, however, sits stagnant at a uniform 0.20% APY across all term lengths from 3 to 60 months. This flat-rate approach, far below the market average of 2.67%, raises questions about Axos's CD strategy. Like a restaurant serving the same dish regardless of what you order, these identical rates across vastly different commitment periods provide little incentive for customers to lock away funds for longer terms.

Axos appears to have positioned itself as a savings-focused institution, perhaps deliberately steering customers away from CDs. The stark difference between their savings and CD rates—a gap of 3.80 percentage points—suggests a clear business priority. For consumers seeking CD options, Axos falls dramatically short of competitive offerings, with rates sitting 2.47 percentage points below market averages. This disparity creates a banking experience that might serve some customers well while leaving others searching elsewhere.

Axos Bank Bank Rates

These rates were last updated on October 29th, 2025.

Savings

Savings

APY 4.00%
Rate 3.92%
Min to Open $0
Min to Earn $0

CD

3 Month CD

APY 0.20%
Rate 0.20%
Min to Open $1,000
Min to Earn $0

2 Year CD

APY 0.20%
Rate 0.20%
Min to Open $1,000
Min to Earn $0

6 Month CD

APY 0.20%
Rate 0.20%
Min to Open $1,000
Min to Earn $0

3 Year CD

APY 0.20%
Rate 0.20%
Min to Open $1,000
Min to Earn $0

5 Year CD

APY 0.20%
Rate 0.20%
Min to Open $1,000
Min to Earn $0

1 Year CD

APY 0.20%
Rate 0.20%
Min to Open $1,000
Min to Earn $0

Compared Against Other Banks

To help you see how Axos Bank's rates compare to other banks, we have gathered their rates here. These are rated highly for competitive rates, fees, and minimums. All offers are FDIC or NCUA insured.


Peak Bank

Savings

APY 4.35%
Rate 4.26%
To Open $100
To Earn APY $0
To Avoid Fees $0
Monthly Fee $0

Vio Bank

Savings

APY 4.31%
Rate 4.22%
To Open $100
To Earn APY $1
To Avoid Fees $0
Monthly Fee $0

MyBankingDirect

Savings

APY 4.30%
Rate 4.21%
To Open $500
To Earn APY $1
To Avoid Fees $0
Monthly Fee $0

BrioDirect

Savings

APY 4.30%
Rate 4.30%
To Open $5,000
To Earn APY $25
To Avoid Fees $0
Monthly Fee $0

Forbright Bank

Savings

APY 4.25%
Rate 4.16%
To Open $0
To Earn APY $0
To Avoid Fees $0
Monthly Fee $0

Essential Banking Features & Services

Bank Features

Our team manually evaluates each bank across 52 essential features, giving you a comprehensive view of what really matters.

Updated on October 23rd, 2025

Full Support
Partial Support
Unavailable
Unknown Support

Cost Benefits

No monthly maintenance fees are charged.
Keep any amount in your account without penalties.
Make foreign transactions without additional fees.
Use any ATM without additional charges.
Account includes overdraft protection options.
There is no charge to receive a wire and there are fees to send.

In a financial landscape often littered with hidden costs and sneaky fees, a refreshing alternative exists where your money truly remains yours. The absence of monthly maintenance fees and minimum balance requirements creates a rare freedom—your account becomes a vessel for your finances rather than a drain on them. This approach particularly benefits those with fluctuating balances or individuals just beginning their financial journey.

The boundary-free banking experience extends beyond domestic borders, eliminating foreign transaction fees and out-of-network ATM charges. Like a trusted travel companion, this arrangement ensures your money moves with you seamlessly across geographical lines, preserving your purchasing power whether you're buying coffee across town or souvenirs across oceans.

A thoughtful safety net appears in the form of overdraft protection, preventing the cascade of complications that can follow when accounts temporarily run dry. While incoming wire transfers arrive without penalty, sending funds through this expedited channel does incur some cost—a small crack in an otherwise solid foundation of fee-free banking that reflects the true cost of immediate money movement in our connected world.


Security

Account access is protected by two-factor authentication.
Axos Bank takes measures to protect your identity, but has no specific service available. Dedicated Fraud Specialist are assigned to help resolve any fraud issues.
Axos Bank takes measures to protect your identity, but has no specific service available. Dedicated Fraud Specialist are assigned to help resolve any fraud issues.
Instantly freeze and unfreeze your cards as needed.
Set travel alerts to ensure uninterrupted card access.

In today's digital landscape, where financial information travels at light speed across networks, security stands as the vigilant guardian of our assets. The layered defense approach implemented through two-factor authentication and instant card lock capabilities creates a fortress around your accounts that remains both flexible and formidable. When your card goes missing, a simple tap in the app transforms it from a potential liability into an inert piece of plastic.

Real-time fraud alerts serve as tireless sentinels, watching transaction patterns and location data to spot anomalies before they cascade into serious problems. While full identity theft protection services aren't directly integrated, dedicated Fraud Specialists stand ready to guide customers through troubled waters when identity concerns arise. These human touchpoints often prove invaluable when navigating the complex aftermath of security incidents.

Thoughtful features like travel notifications demonstrate an understanding that security must balance protection with practicality. By informing the system of your wanderlust before departure, your legitimate coffee purchase in Barcelona won't trigger the same alarms as a suspicious transaction might. This harmony between vigilance and convenience reflects a deeper understanding that the best security systems protect not just our money, but our peace of mind.


Mobile

4.7/5
4.1/5
Deposit checks through mobile app.
Find ATMs and branches via mobile app.
Customizable account alerts available.
Push notifications supported.

In today's fast-paced world, the ability to manage finances from the palm of your hand isn't just convenient—it's essential. The digital banking experience shines through highly-rated native apps for both iOS (4.7/5) and Android (4.1/5) platforms, ensuring that whether you're team Apple or team Google, your banking journey remains seamless and intuitive.

Beyond basic account management lies a thoughtful array of mobile capabilities that transform how we interact with our money. Picture this: you receive a check on a busy Friday afternoon, but rather than rearranging your schedule to visit a branch, you simply snap a photo and complete the deposit while waiting for your coffee. Meanwhile, customizable alerts and push notifications serve as vigilant financial guardians, keeping you informed of every deposit, withdrawal, and potential concern—like digital sentinels watching over your financial kingdom.

For travelers and urban explorers alike, the integrated ATM locator transforms potentially stressful situations into manageable moments. Like a financial compass, it guides you to fee-free cash access points wherever your journey takes you, bridging the sometimes necessary gap between our increasingly digital financial lives and the physical world where cash occasionally still reigns supreme.


Transfers & Deposits

Accept automatic deposits from employers and others.
Access direct deposits up to 2 days early.
Send and receive domestic wire transfers.
Send wire transfers to international destinations.
Link and manage external bank accounts.
Move money between banks at no cost.

In today's digital banking landscape, the ability to move money effortlessly between accounts stands as a cornerstone of financial freedom. The transfer ecosystem here encompasses everything from standard direct deposits to their accelerated counterparts, giving you access to your hard-earned income up to two days ahead of schedule—a small but meaningful window that can mean the difference between timely bill payments and unnecessary late fees.

The wire transfer capabilities bridge both domestic and international financial territories, creating pathways for funds to travel across town or across oceans with same-day reliability. While these expedited services typically command higher fees, they serve as the express lanes of the banking highway when time is of the essence.

Perhaps most valuable in our increasingly fragmented financial world is the seamless integration with external accounts, allowing your various financial pools to communicate within a single interface. This connectivity is complemented by free ACH transfers—the steady, reliable pack mules of the banking world that may lack the speed of their wire transfer counterparts but compensate with their cost-effectiveness for routine money movements.


Money Management

Built-in tools for creating and tracking budgets.
View detailed analysis of spending patterns.
Round-up savings feature not offered.
No automated savings rules available.
Sub-accounts not available.
Schedule and manage bill payments online.

In today's complex financial landscape, having the right tools to navigate your money matters can make all the difference between treading water and swimming confidently toward your goals. The digital banking experience shines brightest in its budgeting tools and spending analytics, which work in tandem to illuminate your financial habits. These features transform abstract numbers into meaningful patterns, allowing you to witness the ebb and flow of your resources across different categories and timeframes.

While robust in its approach to financial visibility, the platform falls short in automated savings capabilities. The absence of round-up savings, automated rules, and sub-accounts means your savings journey requires more manual navigation than some might prefer. It's like having a sophisticated map without the convenience of GPS—you can see where you're going, but must chart each turn yourself.

The inclusion of comprehensive bill pay services provides a welcome anchor point for managing recurring expenses. This feature transforms the scattered responsibility of multiple due dates into a centralized harbor from which all payment vessels depart, ensuring your financial obligations sail smoothly without the storms of missed deadlines or late fees. For those who value clarity and control in their day-to-day finances, these tools offer a thoughtful balance of insight and utility, though perhaps leaving room for growth in automated wealth-building features.


Integrations

Zelle payments not supported.
Make payments with Apple Pay.
Make payments with Google Pay.
Wise transfers not available.
Connect and sync with QuickBooks.

Axos Bank walks the digital wallet tightrope with mixed integration capabilities. While Apple Pay and Google Pay receive full support—bringing the tap-and-go convenience of contactless payments to customers' fingertips—Zelle remains conspicuously absent from their lineup. This creates an interesting paradox: you can pay merchants with a wave of your device, yet sending money to friends requires more traditional channels.

For business-minded clients, Axos extends a thoughtful bridge to QuickBooks, automatically synchronizing transactions and sparing entrepreneurs from the tedium of manual entry. The books essentially write themselves. Yet international connections remain limited, with no Wise integration available for those seeking more favorable exchange rates when sending money across borders. In this increasingly borderless financial landscape, Axos seems focused primarily on domestic convenience rather than global reach.


Customer Support

Phone support available 24 hours a day.
Connect instantly with support via live chat.
Secure message available.
Bill negotiation services not available.
Connect with professional financial advisors.

Axos Bank embraces the rhythm of modern life with its 24/7 phone support, ensuring that financial concerns need not wait for business hours. When a card goes missing at midnight or a suspicious transaction appears on a Sunday morning, their representatives stand ready. This constant availability reflects a deeper understanding that banking needs don't adhere to a 9-to-5 schedule.

The institution complements this round-the-clock service with robust live chat functionality—a digital lifeline for those who prefer text-based communication. Meanwhile, their financial advisor access transforms abstract money matters into concrete plans, guiding customers through life's financial labyrinths with professional insight. These services form a safety net beneath customers' financial lives.

Curiously absent from Axos's support ecosystem is traditional email support, though secure messaging fills this gap with added protection. The bank also foregoes bill negotiation services, leaving customers to navigate service provider negotiations independently. These gaps in their support architecture remind us that even digital-forward banks must make strategic choices about which services to prioritize.


Physical Services

Online-only bank without physical branches.
Deposit cash directly into your account.
Large cash withdrawals not supported.
Get cashier's checks when needed.
Notary services not offered.
Safe deposit boxes not available.
Currency exchange not offered.
Access extensive network of ATMs.
Use ATMs worldwide for cash access.

Axos Bank presents an interesting dichotomy in its physical banking services. While it lacks traditional brick-and-mortar branches—along with their associated notary services, safe deposit boxes, and large cash withdrawals—the bank hasn't abandoned the physical realm entirely. Its approach seems to acknowledge that even in our increasingly digital world, some tangible banking elements remain essential touchstones for many customers.

The bank maintains robust ATM capabilities, including full support for cash deposits and international ATM access—a particular boon for travelers who need local currency without the sting of predatory exchange rates. Axos also provides cashier's checks, those paper ambassadors of financial certainty that remain relevant in significant life transactions like home purchases. These selective physical services suggest a thoughtful curation rather than wholesale abandonment.

What emerges is a portrait of a bank straddling two worlds—one foot planted in necessary physical banking services while the other steps confidently into digital banking's future. For customers comfortable navigating this hybrid landscape, Axos offers sufficient tangible services without the overhead costs of maintaining extensive physical infrastructure. Yet those seeking the full spectrum of in-person banking experiences—the reassurance of a safe deposit box or the convenience of currency exchange—will find noticeable gaps in Axos's physical service portfolio.


Additional Services

Access integrated investment accounts.
Cryptocurrency services not available.
Monitor your credit score for free.
Earn cashback on qualifying purchases.
Cannot hold foreign currencies.

Axos Bank bridges the gap between traditional banking and wealth-building through its investment account services, allowing clients to seamlessly manage stocks, bonds, and mutual funds alongside their everyday finances. This integration eliminates the artificial boundary between saving and investing, creating a more holistic financial landscape for customers navigating their long-term goals. The bank further strengthens financial wellness through comprehensive credit monitoring and cashback rewards programs, providing both protective oversight and tangible returns on daily spending.

Notably absent from Axos's portfolio are cryptocurrency services and foreign currency accounts, reflecting perhaps a more measured approach to emerging financial frontiers. Like a gardener who chooses carefully which plants to nurture, Axos has cultivated specific services while leaving others to specialized providers. This selective approach may disappoint globe-trotters or digital currency enthusiasts, yet reveals a bank focused on mastering core financial tools rather than stretching across every possible financial innovation.

Compare & Choose

Compare Options

See how Axos Bank stacks up against other top banks. Compare features, rates, and services to find your perfect fit.

Contact Information

Get in Touch

Whether you're interested in opening an account or just want to learn more, you'll find Axos Bank's official contact information and website details here.

Headquarters Location

Axos Bank

4350 La Jolla Village Drive, Suite 140
San Diego, CA 92122
Customer Support