Why Axos?
- High APYWith qualifying direct deposits
- Checking includedBundle with savings
- ATM refundsDomestic ATM fee reimbursement
- No monthly feesFree to hold
- Full online bankWide product range
- FDIC insuredAxos Bank
Overview
Axos Bank is one of the oldest online-only banks in the US. Axos ONE bundles checking and savings and pays its top savings rate when you meet monthly direct deposit and balance conditions.
If you can route your paycheck here, the rate is among the best available.
Pricing
What Axos pays and what it takes to earn the top rate, as of October 7, 2026.
| Plan | As of October 7, 2026 | What you get |
|---|---|---|
| Savings APY | 4.21% | With qualifying direct deposits |
| Requirement | $1,500/mo | Direct deposits |
| Minimum | $0 | To open |
| Monthly fee | $0 | None |
Rates note: APYs and terms are as of October 7, 2026 and are variable. FDIC membership was checked on each bank's own website; FDIC insurance covers up to $250,000 per depositor, per insured bank, per ownership category. Confirm the current rate and terms before you open an account.
Try Axos for yourself
$0 minimum, top rate with direct deposit.
Key features
- Bundle: Checking and savings together.
- ATM reimbursement: Domestic ATM fees refunded.
- Early direct deposit: Paychecks up to two days early.
- Large product range: Loans, investing and business banking.
How to get the top rate
The top APY requires monthly direct deposits above a set amount and other activity. Miss them and you earn a lower base rate.
Pros and cons
What we like
- Very high APY with direct deposit
- Checking included
- ATM fee refunds
- No monthly fees
What to watch
- Requirements each month
- Lower rate without direct deposit
- No branches
- Rate is variable
Who it is for
Pick Axos ONE if you can send at least the required amount of direct deposits each month.
Ready to start with Axos?
Best if you have direct deposit.
Alternatives to Axos
FAQ
Is Axos a real bank?
Yes. Axos Bank is an FDIC member and has operated online since 2000.
Do I need direct deposit?
For the top APY, yes.
Can my refund go to Axos?
Yes. Use your Axos account details when you file.
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Not advice: Rates and terms change often; check the bank's site before you open an account. General information only, not tax, legal or financial advice. Consult a qualified tax professional.