Axos Bank

For information concerning Axos Bank online bank, please click here.

Axos Bank is an FDIC insured institution headquartered at 4350 La Jolla Village Dr, San Diego, CA 92122.
It was founded in 2000 and has approximately $21 billion in assets. Customers can open an account at one of its 2 branches.

Deposit Rates - June 19, 2024

Loan Rates - June 19, 2024

MORTGAGE PURCHASE APR(%) MONTHLY PAYMENT
5 Year Fixed Adjustable
7.38% $6,298.71
5 Year Adjustable Jumbo
8.48% $2,348.05
5 Year Adjustable Conforming
8.50% $2,348.05
15 Year Fixed Jumbo
7.77% $3,012.08
15 Year Fixed Conforming
7.92% $3,035.96
20 Year Fixed Jumbo
8.39% $2,752.78
20 Year Fixed Conforming
8.41% $2,752.78
30 Year Fixed Jumbo
8.39% $2,433.36
30 Year Fixed Conforming
8.40% $2,433.36
MORTGAGE REFINANCE APR(%) MONTHLY PAYMENT
5 Year Fixed Adjustable
7.38% $6,298.71
5 Year Adjustable Jumbo
8.48% $2,348.05
5 Year Adjustable Conforming
8.50% $2,348.05
15 Year Fixed Jumbo
7.77% $3,012.08
15 Year Fixed Conforming
7.92% $3,035.96
20 Year Fixed Jumbo
8.39% $2,752.78
20 Year Fixed Conforming
8.41% $2,752.78
30 Year Fixed Jumbo
8.39% $2,433.36
30 Year Fixed Conforming
8.40% $2,433.36

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 35546
Date Established 2000
Assets $ 20.75 billion
Loans $ 17.43 billion
Deposits $ 18.30 billion
Capital $ 2.08 billion

Summary Balance Sheet as of June 30, 2023

ASSETS
Cash & Balances due from depository institutions $ 1,535.40 million
Interest-bearing balances $ 1,511.13 million
Total securities $ 1,081.64 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 17.43 billion
Loan loss allowance $ 176.82 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 5.57 million
Goodwill and other intangibles $ 74.44 million
All other assets $ 364.63 million
     Total Assets $ 18.67 billion

LIABILITIES
Total deposits $ 18.30 billion
      Interest-bearing deposits $ 15.38 billion
      Deposits held in domestic offices $ 18.30 billion
      % insured (estimated) 85.28%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 117.50 million
Subordinated debt N.A.
All other liabilities $ 168.80 millionn
      Total Liabilities $ 18.67 billion
      Shareholders’ Equity $ 2.08 billion

Summary Income Statement as of June 30, 2023

INCOME AND EXPENSES
Total Interest Income $ 1,398.05 million
Total Interest Expense $ 548.09 million
Net interest income $ 849.96 million
Provision for loan and lease losses N.A.
Total non interest income $ 71.39 million
Total non interest expense $ 393.59 million
Pre-tax Net Operating Income $ 183.69 million

Customer Reviews for Axos Bank (5)

Rated 1.00 stars out of 5 - based on 5 reviews
  • When UFB Direct increases their rate, it only applies to the newly named account. Previous named accounts opened at a lower rate do not receive the new higher rate, unless a conversion to the newly named account is requested. I have converted to the newly named account 4 times now. The last time I requested a conversion, it took 2 weeks to get the higher rate applied to my account. Most other banks apply rate increases to their customer's existing accounts. UFB Direct does not. Apparently, they profit by paying less interest on previously opened accounts, where the stays the same, unless YOU request the account be converted to the NEWLY advertised account NAME and HIGHER RATE. UFB Direct will continue this practice until depositors realize they are getting taken to the cleaners.

    RAPG

    Jun 19, 2024

    Correction: Apparently, they profit by paying less interest on previously opened accounts, where the lower rate stays the same, unless YOU request the account be converted to the NEWLY advertised account NAME and HIGHER RATE. UFB Direct will continue this practice until depositors realize they are getting taken to the cleaners.

  • Ugh! I filled in all of the info requested, and received an email asking for documents (driver's license and utility bills). I sent them. Then I received a second request, this time with a link to go to for upload. I uploaded the documents, hit 'upload,' and got a message that my documents were not saved. I tried again with same result. I replied to the next two emails requesting documents (one of which told me to submit my driver's license and utility bill twice!), but never heard back. Complete waste of my time.

  • Pretty neat cycle here. They raise their rate. I think my rate was raised. Learn later that the higher rate is for a different account. Call and bicker and then need to apply for a new account. Meanwhile, I have been making a non-competitive rate. It has happened twice now. This time I will open a new account. At a different bank.

  • Roger that It is awful and condescending.

    Roger That

    Jun 19, 2024

    To be clear, my review was 1/2 star because the system wouldn't accept no stars. The system then changed it to one star. Should be no stars.

  • Stay away from UFB Direct. This will end in real frustration and loss of your money and time.


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