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Axos Business Premium Savings Account
- Our Rating 5/5 How our ratings work
- APY4.01%
Earn 4.01% APY* With Business Premium Savings
- Minimum
Deposit RequiredN/A -
Intro Bonus
$375Expires December 31, 2024
Unlock a bonus up to $375 with Business Premium Savings. Save more, pay lower fees, and get a limited-time bonus up to $375 with a 4.01% APY* Business Premium Savings account. Use promo code BPS375.†
The Axos Business Premium Savings account is a great option for businesses that want to extract extra value from their savings. We appreciate that all balances earn the same high interest rate with this account.
Strong Interest Rates for High Balances
Nationwide, a renowned insurance and financial services company, offers a Business Premium Savings account (in partnership with Axos Bank).
The Business Premium Savings account is a tiered interest rate savings account designed for businesses with a goal of earning interest on their savings. This account offers competitive interest rates on all balance tiers and a host of features to support your business’s financial needs. Plus, through December 31, 2024, new customers have the chance to earn a valuable bonus worth up to $375.
Pros
- Competitive interest rates on all balances
- No monthly maintenance fee or minimum opening deposit requirement
- No ongoing balance requirement
Cons
- No physical branch locations
APY Tiers
The Axos Business Premium Savings Account offers a tiered annual percentage yield (APY) system, but right now all balances earn the same high rate. This means that whether you deposit $200 or $200,000, you'll still be earning 4.01% APY. This makes it easy to recommend the account to businesses both large and small.
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5 Best Business Bank Account Bonuses and Promotions (2024)
$375 New Customer Bonus
Through December 31, 2024, new customers can earn a bonus worth up to $375. To qualify for this offer, open a new Axos Business Premium Savings Account account, using promo code BPS375 on your application. Be sure to fund your account within 30 days of opening.
After that, you'll need to maintain a minimum balance of at least $30,000 during the first four statement cycles to earn a bonus. Axos defines a statement cycle as "a calendar month consisting of at least one day your account was open during that month."
For each statement cycle during which your account balance is between $30,000 and $74,999.99, you'll own a $75 bonus. For each statement cycle in which your account balance is above $75,000, you'll earn a $125 bonus.
You can only earn a maximum of three payouts during the promotional period. This means that you'll need to maintain a balance of more than $75,000 for all three statement cycles to earn the maximum bonus.
At the end of each statement cycle wherein you met the bonus requirements, you'll receive your payout within 10 business days.
E
Features
Beyond the strong APY, this account offers and a suite of useful tools designed to help your business grow its savings with ease.
No Minimum Opening Deposit or Daily Balance Requirement
There is no minimum opening deposit or average daily balance requirement for this account. This offers additional flexibility for your business, as you don't need to worry about your ability to maintain a high balance indefinitely to use this account fee-free.
Remote Deposit From Anywhere
With the Axos Business Premium Savings Account, you can conveniently deposit checks remotely from anywhere with the Axos Bank app, streamlining your banking experience and saving time.
No Monthly Maintenance Fee or Average Daily Balance Requirement
TheAxos Business Premium Savings Account does not c
As previously mentioned, this account also doesn't charge a fee tied to an average daily balance requirement. This is a welcome perk, as it means you won't be penalized if your balance temporarily falls below a certain threshold (outside of not earning interest).
How to Access Your Money
Accessing your money in the Axos Business Premium Savings Account is a simple and convenient process that can be done through the mobile app or online.
Mobile App:
- Download the Axos All-in-One mobile app on your smartphone or tablet, available for iOS and Android
- Log in using your account credentials (username and password). If you haven't set up your online access yet, you'll need to register and create a username and password.
- Once logged in, you can view your account
balance, transactio n history, make deposits, and transfer funds between your accounts.
Online Banking:
- Visit the Axos Bank website
- Log in using your account credentials (username and password). If you haven't set up your online access yet, you'll need to register and create a username and password.
- After logging in, you can view your account balance, transaction history, transfer funds, view statements, and more.
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The Bottom Line
The Axos Business Premium Savings Account is an excellent choice for businesses who want to earn interest on their savings balances, as it offers competitive interest rates, no fees, and convenient tools for managing your account.
Ready to open an account? Start here.
*Disclosure
*The Annual Percentage Yield (APY) is accurate as of 8/9/2024. The interest rate and corresponding APY for this account is variable and is set at our discretion. This is a tiered variable rate account. Interest rates may change as often as daily without prior notice. Fees may reduce earnings.
To be eligible to earn all or a portion of the cash incentive as part of the promotional offer "BPS375," a Business Premium Savings (BPS) account must be submitted between 08/08/2024 at 12:00 am PT and 12/31/2024 at 11:59 pm PT. Axos Bank reserves the right to limit each primary account holder or business title to one (1) savings account promotional offer per year. Businesses that have held an Axos Bank or UFB savings account for the past 12 months under the same title are not eligible for this offer. Promotional terms and conditions are subject to change or removal without notice. Incentive may be taxable and reported on IRS Form 1099-MISC. Consult your tax advisor.
Business Premium Savings bonus of up to $375: You must be approved for your new Business Premium Savings account and fund it within 30 days of account opening. An incentive of up to $375 can be earned during the first four (4) statement cycles. A statement cycle is a calendar month consisting of at least one day your account was open during that month. $75 will be earned for each statement cycle during which the average daily balance in your Business Premium Savings account is between $30,000 and $74,999.99. $125 will be earned for each statement cycle during which the average daily balance in your Business Premium Savings account is a minimum of $75,000 or greater. You can earn a maximum of three (3) payouts during the four (4) statement cycles, and the incentive will be deposited into your Business Premium Savings account within 10 business days following the end of the statement cycle in which the balance requirement was met. Your Business Premium Savings account must remain open and in good standing at the time the incentive is paid to be eligible. Furthermore, your Business Premium Savings account must remain open for 120 days, or an early closure fee of up to $375 may apply.
Louie Patterson
Louie Patterson is a Finance Content Manager who specializes in banking topics such as account bonuses and CDs. With over seven years of professional editorial experience, their work has appeared in several publications, including USA Today and Consumer Affairs.
