Available nationwide, Axos Bank Business Savings is offering a 0.20% APY Rate. Continue reading below to learn everything you need to know about Axos Bank.
If you incorporated after June 1, 2020, we´ll add $200 to your new business bank account. Just use promo code NEWBIZ200 on your application.** Not a new business? Use promo code NEWAXOSBIZ for a $100 bonus.
(FDIC Insured)
Business must be incorporated after 6/01/2020 and application must be submitted before 11:59pm on 6/30/2022 to qualify. In the first two months after account opening, the average daily balance of the account must be at least $2,500 in order to qualify for the $200 bonus. Bonus will be deposited into your new account within 5 business days of your statement cycle date. Account must remain open for 180 days or an early closure fee of $50 may apply. Must be new funds to receive bonus credit. Terms and conditions subject to change without notice. Bonus may be taxable and reported on IRS Form 1099-MISC. Consult your tax advisor. Bank reserves the right to limit each customer to one new account-related gift incentive per calendar year. NOTE: “New Funds” is defined as funds that did not originate from another Axos Bank brand account.
Application must be submitted before 11:59pm on 6/30/2022 to qualify. In the first two months after account opening, the average daily balance of the account must be at least $2,500 in order to qualify for the $100 bonus. Bonus will be deposited into your new account within 5 business days of your statement cycle date. Account must remain open for 180 days or an early closure fee of $50 may apply. Must be new funds to receive bonus credit. Terms and conditions subject to change without notice. Bonus may be taxable and reported on IRS Form 1099-MISC. Consult your tax advisor. Bank reserves the right to limit each customer to one new account-related gift incentive per calendar year. NOTE: “New Funds” is defined as funds that did not originate from another Axos Bank brand account.
About Axos Bank Business Savings
Axos Bank is an American federally chartered direct bank headquartered in San Diego, California. Furthermore, they are a digital bank with the highest level of security and privacy, offers a comprehensive range of products and services accounts.
I’ll review Axos Bank Business Savings below.
Note: Interested in Bank Bonuses? See our favorite banks including Citi, Huntington, HSBC, Chase, TD, Discover Bank, Aspiration, Axos Bank, PNC Bank, BMO Harris, SoFi, Fifth Third Bank, Bank of America, Wells Fargo, US Bank, and more!
Axos Bank Business Savings 0.20% Rate
To earn Axos Bank’s competitive rate, simply have an opening deposit of $1,000. That’s all it takes and you’ll get to enjoy earning the 0.20% rate on all balances.
- Account Type: Business Savings
- Availability: Nationwide (Online Bank)
- Credit Inquiry: Soft pull or Hard Pull?
- Opening Deposit: $1,000 minimum
- Credit Card Funding: Unknown. Let us know.
- Monthly Fee: No monthly maintenance fees with $2,500 minimum Average Daily Balance
- Early Termination Fee: None listed, check with CSR
(FDIC Insured)
American Express® High Yield Savings Account - You earn a competitive interest rate along with no minimum deposits or monthly fees. Amex High Yield Savings account has been my favorite Hub account for the past 7 years. Using this account to Pull/Push your money is absolutely necessary when you have many accounts. Here's why: *No dollar limitations for ACH transfers - When you find a top bank rate account, you don't want to be limited to just $5K or $10K transfers. Amex Savings will let you transfers as much as you want whether you are pulling or pushing money from and to an external bank account. *1 to 2 business days ACH transfers speed - With top-notch user interface, you get your money to another external account or pull money from another bank account within a day or two. *No loss of interest during transfers - On the day you initiate your transaction on the high yield savings account website, the funds will be reflected in your Current Balance and begin earning interest. Some other features from American Express High Yield Savings Account include Free Wire Transfers, 3 maximum linked accounts, and maximum 6 ACH withdrawals per month. |
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Savings account offers are frequently updated. Find the best nationwide Savings/Money Market rates here, and the best Savings account bonuses here. The Axos Bank and CIT Bank accounts offer great rates available nationwide which I recommend. |
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| PROMOTIONAL LINK | OFFER | REVIEW |
| Discover Bank Online Savings | $200 Bonus + 0.60% APY | Review |
| Aspiration | $150 Bonus + 1.00% APY | Review |
| Axos Business Savings | $200 Bonus + 0.20% APY | Review |
| Quontic Bank High Yield Savings | 0.75% APY | Review |
| Axos Bank High Yield Savings | Up to 0.61% APY | Review |
| CIT Bank Money Market | 0.70% APY + Amazon Prime Offer | Review |
| American Express High Yield Savings | 0.60% APY as of 4/28/22 | Review |
Axos Bank ACH Capabilities & Limits
| ACH Type | Speed | Daily $ Limit | Monthly $ Limit | Notes |
| Push | 2-5 days | ? | ? | ? |
| Pull | 2-5 days | ? | ? | ? |
Editor’s Note: Help us with the table above in the comment section if you have experience with Axos Bank’s ACH capabilities.
How to Earn Axos Bank Rate
- Open a Business Savings account from Axos Bank with an opening deposit of $1,000.
- Maintain any balance amount and earn the 0.20% APY rate.
| Balance Requirement | APY Rate |
| $0 – $4,999,999.99 | 0.20% APY |
| $5,000,000+ | Contact a Business Banking Relationship Manager at 844-678-2726 for current rates |
Why You Should Sign Up For This Account
- Variable interest compounded daily
- $1,000 minimum opening deposit
- Free image statements
- Free online and mobile banking, with remote deposit anywhere
- No monthly maintenance fees with $2,500 minimum Average Daily Balance
Bottom Line
Check out Axos Bank and open a Business Savings account this amazing rate! However, make sure you maintain at least a $2,500 minimum balance to avoid a fee.
For more bank offers, see the complete list of Best Bank Rates!
Check back often to see the latest info on Axos Bank Business Savings Account.
