Axos Bank Review 2025
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At a glance
Overview
Axos Bank is a decent choice for people who are comfortable doing all their banking online and want a free checking account with access to a large network of fee-free ATMs and unlimited ATM fee rebates. While the bank offers competitive checking accounts, you can find higher interest rates for savings accounts at other banks.
Highlights:
24/7 Customer Service ATM Fee Refunds No Monthly FeesHighlights:
CDs
Checking
Savings
MMA
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
These are sponsored offers rated highly by us for competitive rates, fees, and minimums.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.1/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Overall
Axos Bank is an online bank that offers a full range of deposit accounts. Its checking account stands out for its unlimited domestic ATM reimbursements and no fees. However, its certificates of deposit (CDs), base savings and money market accounts earn rates that are lower than what you'll find at many other banks.
Pros
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Most Axos Bank accounts don’t have a minimum balance requirement or charge a monthly fee.
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Essential Checking customers get unlimited ATM reimbursements in the U.S.
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24/7 phone support is available.
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Axos Bank customers have access to around 91,000 in-network ATMs.
Cons
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It’s easy to find a higher rate on a savings account elsewhere.
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Customers don’t have access to peer-to-peer payment tool Zelle.
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Axos Bank banking products
Axos Bank Summit Savings account
Pros
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An ATM card is available.
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Doesn't charge a monthly maintenance fee.
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No minimum balance to open an account.
Cons
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Withdrawals have an uncapped $10 fee per withdrawal above that maximum allowed.
Axos’ Summit Savings account has a flat APY structure, and earns interest regardless of the balance you keep. No minimum balance is required to open the account, and there are no monthly maintenance fees to eat into your savings. An ATM card is available upon request.
Rate history for Axos Bank's Savings account
See how rates for this account have changed over time. Interact with the trend lines to view APY by date.
Axos Bank certificates of deposit
Pros
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CDs are offered in a solid range of terms.
Cons
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Other online banks pay much higher yields.
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While relatively standard, the $1,000 minimum deposit is higher than what some other online banks require.
Axos Bank offers seven terms of CDs ranging from three months to five years. You’ll need at least $1,000 to open one of these CDs.
CDs automatically renew when they mature. Early withdrawal penalties vary depending on the length of the term. For example, with a three-month or six-month CD, the penalties for early exits are one and a half months of interest and three months of interest, respectively.
Rate history for Axos Bank's CD accounts
See how rates for this account have changed over time. Select the CD term length from the dropdown and interact with the trend lines to view APY by date.
Axos Bank High Yield Money Market account
Pros
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The money market account has check-writing privileges.
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A debit card is provided.
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The account doesn’t charge monthly fees.
Cons
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Significantly higher APYs can be found on money market accounts elsewhere.
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Transactions and withdrawals are limited to six per month. There’s an uncapped $10 fee per withdrawal above that limit.
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At least $1,000 is required to open an account.
A minimum deposit of $1,000 is required to open the High Yield Money Market account. It earns a paltry yield that’s many times lower than what can be found from many other online banks.
The account comes with ATM access and check-writing privileges, but you have limited withdrawals every month. Each withdrawal after the first six costs $10.
Axos Bank Essential Checking account
Pros
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Essential Checking charges no maintenance or overdraft fees, which is typical of online bank accounts.
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There is no minimum balance requirement.
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Domestic ATM fees are reimbursed on an unlimited basis, which is a perk few banks offer.
Cons
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You won’t earn any interest with the Essential Checking account.
The Essential Checking account carries no monthly service fees, overdraft fees and non-sufficient funds (NSF) fees. What’s more, there’s no minimum amount to open the Essential Checking account. It also offers unlimited domestic ATM fee reimbursement. Account holders who sign up for direct deposit may have access to paychecks up to two days early.
Other checking options include the Rewards Checking and Cashback Checking accounts.
How Axos Bank compares to other banks
Compare different account types offered by Axos Bank. Annual percentage yields (APYs) shown were updated between Nov. 27, 2025 and Dec. 3, 2025.
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Selected bank
Axos Bank savings account
Bankrate score
4.3
Bankrate Savings rating = 4.3/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. |
Most comparable
Vio Bank savings account
Bankrate score
4.8
Bankrate Savings rating = 4.8/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. |
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Bankrate score
Bankrate Savings rating Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. |
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APY
APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. APYs last updated between Nov. 27, 2025 and Dec. 3, 2025.
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| 4.00% | 4.16% | |
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Minimum balance for APY
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| $0.00 | $0.00 | |
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Estimated earnings
Interest earned calculation based on a $50,000 deposit amount for a period of 1 year and is rounded to the nearest dollar. Exact earnings are dependent on calendar year, balance, and compounding frequency. Minimum deposit rules may apply.
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| $2,000 | $2,080 | |
| Axos Bank’s High-Yield Savings account features a reversed tier structure, meaning higher balances earn less interest. The highest yield is slightly above the national average, but well below what you can find by shopping around. Customers can request an ATM card. | Vio Bank Online Savings account offers a great yield on your whole balance. And you won't give any of your interest back in monthly fees, either. Plus the minimum deposit to open is fairly low at $100. | |
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Bankrate does not currently track additional product details for this bank.
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Bankrate does not currently track additional product details for this bank.
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APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest.
The lowest deposit amount an account must have before it can earn interest.
A monthly charge a financial institution deducts from an account if certain requirements are not met.
The lowest balance an account must maintain in order to avoid a fee.
A procedure that allows an individual or organization to access and manage the funds of another account holder.
Bankrate does not currently track additional product details for this bank.
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Bank fees
| Fee | Amount |
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| Overdraft fee* | $0-$25 |
| Non-sufficient funds fee* | $0-$25 |
| Monthly maintenance fee | None |
| Out-of-network ATM fee | None |
| Excessive transaction fee | $10 |
*This fee may be charged up to three times per day. The essential checking account does not charge these fees.
Customer experience
Customer support. Phone support is conveniently available on a 24/7 basis.
Digital banking. Customers can access their accounts through the Axos website or its mobile app to do things like pay bills, deposit checks and transfer funds, as well as check balances and account history. The bank’s mobile app is rated well on Google Play and on the Apple App stores.
Axos Bank provides Essential Checking and CashBack Checking customers with quite a nice perk: unlimited ATM reimbursements in the U.S.
Review methodology
We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.
