Axos Bank offers a high-yield savings account with an impressive 0.61% APY that’s compounded daily. On top of that, new account holders can receive a $75 bonus through an exclusive Slickdeals Rewards Bonus, even if you just want to try it out to see if it’s a good fit for you.
Secure application on issuer’s website.
Monthly Fees: None
Minimum Opening Balance: $250
No maintenance fees or monthly balance requirements
Free ATM Card
Axos Bank High Yield Savings Bonus
Getting a high interest rate on your savings account is a nice benefit, but some banks go above and beyond and also offer a sign-up bonus when you first open your account. To earn the bonus, you’ll need to apply for the account through a special process (we’ll cover the steps in a second) and fund your new account with at least $250.
Before you get started, be sure to disable adblockers and whitelist the Slickdeals Extension. Here are the steps in more detail:
- Install the Slickdeals Shopping Assistant Browser Extension (if you don’t already have it installed) and follow the SD Rewards Prompts here (PC or Laptop Only).
- Follow the additional prompts in the link above to ensure you’re enrolled in SD Rewards, and your account is registered and signed in.
- Click the green See Deal button or the links at the top of the post, and open and fund your new Axos Bank High Yield Savings account with $250 or more (don’t wait to fund the account later). If you are in Classic view, click either of the links at the top of the thread.
Don’t close the Axos Bank window until you’ve confirmed and funded your new account. Once you’ve completed the process, you can track your order here. You should expect to receive your $75 bonus via Slickdeals Rewards Points within 30 calendar days of funding your account.
Axos Bank High Yield Savings Features
The Axos Bank High Yield Savings Account offers a generous APY of 0.61% on balances up to $24,999.99. From $25,000 to $99,999.99, the rate is 0.25% APY, then it’s 0.15% APY on balances above that.
The account has no monthly maintenance fees, and while you’ll need to fund the account with $250 or more when you open it, you don’t need to maintain a minimum balance after that. You can also request an ATM card if you want to be able to access your funds.
Other features include:
- A switch kit to help you make a smooth transition from your existing savings account
- Mobile banking
- Money management resources and tools
Pair Your Axos Bank High Yield Savings Account With a Checking Account
In addition to an impressive high-yield savings account, Axos Bank also offers some standout checking options. For example, the online bank’s Rewards Checking account offers an APY up to 1.00% based on how you use your account and other products offered by Axos Bank. The account also offers unlimited domestic ATM fee reimbursements.
Another option is the CashBack Checking account, which offers account holders a flat 1% cash back on signature purchases — those are purchases where you don’t enter your PIN to complete the transaction. The account also offers unlimited domestic ATM fee reimbursements.
So if you’re thinking about trying out the bank’s high-yield savings account, don’t stop there. Check out what else the bank has to offer and consider switching over all of your banking to get more value.
Should You Open an Account?
The Axos Bank High Yield Savings Account isn’t for everyone, but it can be worth it to try it out in exchange for a $75 bonus. Even if you don’t want to switch fully over to Axos Bank, you could use it as a separate savings account for your emergency fund or some other financial goal. Take some time to compare the account with other high-yield savings account options to determine which one is the best fit for you.