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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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149 Comments
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What is the best place to buy or how to buy
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Who pays bills with checking acct? What are credit cards for. Not to mention if you pay a bill, balance drops below $1.5k and you incur fees
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Customer: connect me to an agent
Bot: Ok, let me connect you to a team member. Which of the following would you like to talk about? 1. Checking, Savings, or other deposit accounts 2. Existing Mortgage, Auto or other loans 3. Invest 4. Small Business Banking. You can also say "nevermind" if you don't want to talk to a team member.
Customer: 1
Bot: Ok. You'd like to chat about deposit accounts. One moment please while we find a team member to assist you.
Bot: You are 1st in the support queue. You can stop waiting at any time by responding "leave queue."
Bot: You're now chatting with [CENSORED] from Axos. You can end this chat at any time by responding "end chat."
Agent: Welcome to Axos Bank! How may I assist you?
Customer: my apy is 1 % even though i did the right deposit. i just want to check on that
Agent: Hi [CENSORED], hope you are doing well.
Agent: I understand that you wish to know about the interest rate and I will surely help you.
Agent: Kindly allow me 2-3 minutes while I check this for you.
Customer: tyt
Agent: You're welcome!
Bot: Are you still there? Your current chat will be terminated if you don't say something in a minute.
Agent: Upon reviewing your account, I can confirm that the account was opened on 04/06/2025 and the first direct deposit was received on 04/17/2025. However, the average daily balance did not meet the required threshold, which is why the promotional rate was not applied last month. I do see a direct deposit posted on 05/01/2025, which helps meet the eligibility criteria. To continue qualifying for the promotional rate of 4.66 % APY on your savings account, please ensure that you maintain an average daily balance of at least $1,500.00 going forward.
Customer: yes i am here
Agent: Thank you.
Customer: well we are in a new month now, it should have the new rate, right?
Agent: I am sorry, but the rate remains the same at this time.
Customer: i thought the rate is 4.66 %. my question is when the new rate will be reflected?
Agent: Okay.
Agent: If either Option 1 or 2 requirements are fulfilled within the qualification period, the Axos ONE Checking account will earn 0.51 % APY for that statement cycle, and the Axos ONE Savings account will earn up to 4.66 % APY and 4.55 % APR for the same cycle.
Customer: ok, i am talking about the savings account. why is 4.66 % not being reflected?
Agent: Yes, savings account.
Agent: For the Axos ONE products, the APY displayed in Account Details will always show the default APY (0.00 % for checking and 1.00 % for savings).
Agent: You will see the true rate on your monthly statement, typically available in online banking by the third business day of the following month.
Customer: and how would i know if i am getting the 4.66 % rate?
Agent: The Average Daily Balance qualification cycle runs from the 1st to the 25th of the month. The direct-deposit qualification cycle runs from the 26th of each month to the 25th of the next month (e.g., June 26 – July 25). New accounts begin qualifying the day they are opened. Requirements must be met every month; it is not a one-time requirement.
Agent: Option 1: • Receive at least $1,500 in qualifying direct deposits into the Axos ONE Checking account • Maintain an average daily balance of $1,500 or more in that checking account. Once you meet the requirements, the promotional rate will be applied to your account. If you need clarification, please call us and we'll be happy to assist further.
Customer: so from 26 to 25, i need to make those $1,500 deposits within those dates?
Agent: Correct. Direct deposits must total $1,500 between the 26th and 25th. The average daily balance requirement is calculated from the 1st to the 25th (e.g., 05/01/2025 – 05/25/2025).
Customer: i see. ok, thank you for this information. this system is a bit convoluted.