Available nationwide, Axos Bank Business Savings is offering a 0.50% APY Rate. Continue reading below to learn everything you need to know about Axos Bank.
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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.
Axos Bank Business Savings 0.50% Rate
- Account Type: Business Savings
- Interest Rate: 0.50% APY
- Minimum Balance: None
- Maximum Balance: None
- 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
American Express® High Yield Savings Account - You earn 0.60% interest rate along with no minimum deposits or monthly fees. Amex High Yield Savings account has been my favorite Hub account for the past 5 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.
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.
|Chase SavingsSM||$150 Cash||Review|
|Axos My Savings Builder||Up to 0.70% APY||Review|
|Axos Bank High Yield Savings||0.61% APY||Review|
|Axos Bank High Yield Money Market||0.60% APY||Review|
|American Express High Yield Savings||0.60% APY||Review|
|CIT Bank Money Market||0.55% APY||Review|
|Discover Bank Online Savings||0.50% APY||Review|
Axos Bank ACH Capabilities & Limits
|ACH Type||Speed||Daily $ Limit||Monthly $ Limit||Notes|
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 0.50% APY rate.
|Balance Requirement||APY Rate|
|$0 – $4,999,999.99||0.50% 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
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.