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Axos One: Earn Up to 4.66% APY on Savings and 0.51% APY on Checking with Qualifying Requirements
Axos is offering up to 4.66% APY on savings, and 0.51% APY on checking when you meet requirements with Axos One.
Offer Requirements:
If both of the requirements in either Option 1 or Option 2 above are met during the Qualification Period:
Details:
*The Annual Percentage Yield (APY) is accurate as of 1/30/2025. The base and promotional interest rate and corresponding APY for Axos ONE Checking is variable and is set at our discretion. The base and promotional interest rate and corresponding APY for Axos ONE Savings is variable and is set at our discretion. Axos ONE Savings is a tiered variable rate account. Axos ONE Checking is a non-tiered variable rate account. Interest rates may change as often as daily without prior notice. Fees may reduce earnings.
The Qualification Period is from the 1st of the month through the 25th of the month. Any qualifying direct deposits received after the 25th of the month will count toward the next Qualification Period.
A direct deposit is an electronic deposit of your paycheck or government benefits, such as Social Security, Disability, etc. Other deposits (i.e., online banking transfers, ATM and mobile check deposits, etc.) or person-to-person payments are not considered a direct deposit.
Qualifying deposits only include deposits from the following eligible sources: (i) ACH transfers from external accounts, (ii) inbound wire transfers from external accounts, (iii) check deposits. Qualifying deposits do not include: (i) transfers internal to the bank (i.e., transfers between an account holder's Checking and/or Savings account), (ii) interest payments, (iii) promotional bonuses, (iv) credits, reversals, and refunds.
Both accounts must be in an open and active status on the date the interest is paid to receive the promotional APY for that statement cycle. Account transactions may take one or more business days from the transaction date to post to the account.
Slickdeals may be compensated by Axos
Offer Requirements:
- Option 1
- Your Axos ONE Checking account has received qualifying direct deposits of at least $1,500 in total.
- The average daily balance of your Axos ONE Checking account is greater than $1,500.
- Option 2
- Your Axos ONE Checking account has received qualifying deposits of at least $5,000 in total.
- The average daily balance of your Axos ONE Checking account is greater than $5,000.
If both of the requirements in either Option 1 or Option 2 above are met during the Qualification Period:
- The Axos ONE Checking account will earn a promotional rate of 0.51% APY for the statement cycle in which the requirements are met.
- The Axos ONE Savings account will earn a promotional rate of up to 4.66% APY for the statement cycle in which the requirements are met.
Details:
- Earn up to 4.66% APY on savings, and 0.51% APY on checking when you meet requirements.
- Get your money up to 2 days early. You've earned it, so start earning on it.
- No monthly maintenance, minimum balance, account opening, or overdraft fees.
- We've got you covered. Access expanded FDIC Insurance for up to $250 million.
- Access a network of over 95,000 fee-free ATMs.
- Manage all your bank accounts from one place in the Axos app.
- Link external accounts in the app to move your money seamlessly.
*The Annual Percentage Yield (APY) is accurate as of 1/30/2025. The base and promotional interest rate and corresponding APY for Axos ONE Checking is variable and is set at our discretion. The base and promotional interest rate and corresponding APY for Axos ONE Savings is variable and is set at our discretion. Axos ONE Savings is a tiered variable rate account. Axos ONE Checking is a non-tiered variable rate account. Interest rates may change as often as daily without prior notice. Fees may reduce earnings.
The Qualification Period is from the 1st of the month through the 25th of the month. Any qualifying direct deposits received after the 25th of the month will count toward the next Qualification Period.
A direct deposit is an electronic deposit of your paycheck or government benefits, such as Social Security, Disability, etc. Other deposits (i.e., online banking transfers, ATM and mobile check deposits, etc.) or person-to-person payments are not considered a direct deposit.
Qualifying deposits only include deposits from the following eligible sources: (i) ACH transfers from external accounts, (ii) inbound wire transfers from external accounts, (iii) check deposits. Qualifying deposits do not include: (i) transfers internal to the bank (i.e., transfers between an account holder's Checking and/or Savings account), (ii) interest payments, (iii) promotional bonuses, (iv) credits, reversals, and refunds.
Both accounts must be in an open and active status on the date the interest is paid to receive the promotional APY for that statement cycle. Account transactions may take one or more business days from the transaction date to post to the account.
Slickdeals may be compensated by Axos
Created 11-06-2024
at 10:36 AM
by EfficientGame645
in
Personal Finance
(5)
Axos Bank
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Pibank 5.5%, NewTek Bank 5.25%,
7 Banks with 5% below:
Varo
Ivy Bank
Lending Club
Fitness Bank
Blue Federal Credit Union
Service Credit Union
Mph
Poppy Bank
I show Everbank at 4.75%
COMMENTS?
UFB - 4.01 APY
Ivy Bank - 4.6 APY
Mybankingdirect 4.65
Everbank 4.75
Openbank - 4.75
Lending club - 4.75
Fitness Bank is ridiculous they claim your interest rate is based on your activity level.
Can't find anything at 5.0 or above currently. Anyone know of something? please advice
UFB - 4.01 APY
Ivy Bank - 4.6 APY
Mybankingdirect 4.65
Everbank 4.75
Openbank - 4.75
Lending club - 4.75
Fitness Bank is ridiculous they claim your interest rate is based on your activity level.
Can't find anything at 5.0 or above currently. Anyone know of something? please advice
EDIT none at 5 percent
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They don't notify you when their rates change.
When rates were going up, they would release a "new" name changed account with the higher rate but keep you at the lower rate until you contacted them to change your account to the "new" one. Had to do this multiple times.
When rates started declining they dropped a lot more than every other high yield savings account I have.
They monkeyed with the daily/monthly transfer amounts to make it harder to get your money out quickly.
They conditionalized minor saving rate increases behind needing direct deposit (5K monthly for +0.05%), a checking account with a minimum balance (10K minimum for +0.1), and make 10 debit card purchases a month for another +0.05%. So all those hoops for a lousy .2% increase that is still significantly lower than every other high yield savings account I use.
Garbage.
I logged into UFB and they are offering:
Unlock Up to 4.21% APY**
Combine Freedom Checking with Portfolio Savings to boost your savings APY by up to 0.20%.** Fewer fees, faster transactions. Plus, earn 2.00% APY*
So it would go to 4.41 + 2% on checking. I do not know the terms though. I thought about switching out of UFB - not because I'm unsatisfied - everything is working well - more so for rate chasing due to rates dropping. Though they all drop their rates - they need to make money somehow.
EDIT: Sorry yeah I misread the website. Only 4.21% after jumping through hoops. I also have Discover paying 3.75%. Not great but I trust Discover over UFB Direct any day.
I logged into UFB and they are offering:
Unlock Up to 4.21% APY**
Combine Freedom Checking with Portfolio Savings to boost your savings APY by up to 0.20%.** Fewer fees, faster transactions. Plus, earn 2.00% APY*
So it would go to 4.41 + 2% on checking. I do not know the terms though. I thought about switching out of UFB - not because I'm unsatisfied - everything is working well - more so for rate chasing due to rates dropping. Though they all drop their rates - they need to make money somehow.
Step 1
Open a UFB Freedom Checking account and set up direct deposits that total $5,000 monthly to unlock a 0.05% APY** increase on your savings or money market account.
Step 2
Get an additional 0.10% APY** boost on your savings or money market account when you maintain a minimum balance of $10,000.
Step 3
Earn an extra 0.05% APY** boost when you make 10 approved debit card transactions per statement cycle.
Step 1 seems steep. Step 2 no problem. Step 3 - WTF to onerous.
EDIT - Oh yeah sorry UFB sucks. The 4.21% posted above is actually 4.01% with the perceived 0.2% added in. Man I'm going to move out somewhere else.
Not FDIC insured, yes, but anyone paying attention in 2008 might remember the Reserve Primary Fund "breaking the buck" after investors did a run on the fund during the Lehman Brothers collapse. Just one fund failure sent shockwaves through the markets and the US Treasury stepped in the next day to create guarantees for all other MM funds. If money market funds are failing and the Federal govt is doing nothing next time around, it must mean that financial conditions are so disastrous that the FDIC would probably be in peril as well.
It's actually 4.40%, I just checked.
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The military is what is propping up this fiat at the end of the day