Online Banks | Axos Bank

Axos Bank

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

Online Rates - March 24, 2023

Your current location is: Ashburn, VA

CD RATES APY MIN
3 Mo CD
0.20% $1,000 Compare
6 Mo CD
0.20% $1,000 Compare
12 Mo CD
0.20% $1,000 Compare
24 Mo CD
0.20% $1,000 Compare
36 Mo CD
0.20% $1,000 Compare
48 Mo CD
0.20% $1,000 Compare
60 Mo CD
0.20% $1,000 Compare
MONEY MARKET RATES APY MIN
Money Market
0.25% $0 Compare

Money that you deposit is held by Axos Bank. Axos Bank is an FDIC insured institution founded in 2000. It has approximately $16.00 billion in assets.

Overview 2023

General Information of the Parent Bank

FDIC Insured Yes
Insured Parent Bank Axos Bank
FDIC Certificate # 35546
Date Established 2000
Assets $16.00 billion
Loans $15.21 billion
Deposits $15.33 billion
Capital $1.70 billion


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.

    Review on the Parent Bank

    RAPG

    Mar 24, 2023

    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.

    Review on the Parent Bank

  • 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.

    Review on the Parent Bank

  • Roger that It is awful and condescending.

    Review on the Parent Bank

    Roger That

    Mar 24, 2023

    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.

    Review on the Parent Bank
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Savings Comparison

This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.

PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES

Tax Rate: 30%

All calculations are for demonstration purposes only.

  • 1
    ONLINE CD
    Axos Bank, a division of Bofi Federal Bank
    Online Bank
    -
    $50,000
    3 Month
    0.20%
    0.15x (National Avg. - 1.31%)
    $1,000
    -
    SCENARIO
    Year Rate
    0.20%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 100 70
    2 50,100 100 70
    3 50,200 100 70
    4 50,301 101 70
    5 50,401 101 71
    6 50,502 101 71
    7 50,603 101 71
    8 50,704 101 71
    9 50,806 102 71
    10 50,907 102 71
    11 51,009 102 71
    12 51,111 102 72
    13 51,213 102 72
    14 51,316 103 72
    15 51,418 103 72
    16 51,521 103 72
    17 51,624 103 72
    18 51,727 103 72
    19 51,831 104 73
    20 51,935 104 73
    TOTAL $2,038 $1,427
  • 2
    LOCAL CD
    Discover Bank , ★ TOP PICK ★
    Online Bank
    -
    $50,000
    60 Month
    4.10%
    5.06x (National Avg. - 0.81%)
    $2,500
    -
    SCENARIO
    Year Rate
    4.10%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,050 1,435
    2 52,050 2,134 1,494
    3 54,184 2,222 1,555
    4 56,406 2,313 1,619
    5 58,718 2,407 1,685
    6 61,126 2,506 1,754
    7 63,632 2,609 1,826
    8 66,241 2,716 1,901
    9 68,957 2,827 1,979
    10 71,784 2,943 2,060
    11 74,727 3,064 2,145
    12 77,791 3,189 2,233
    13 80,980 3,320 2,324
    14 84,300 3,456 2,419
    15 87,757 3,598 2,519
    16 91,355 3,746 2,622
    17 95,100 3,899 2,729
    18 98,999 4,059 2,841
    19 103,058 4,225 2,958
    20 107,284 4,399 3,079
    TOTAL $61,682 $43,178
  • 3
    LOCAL CD
    Discover Bank , ★ TOP PICK ★
    Online Bank
    -
    $50,000
    24 Month
    4.30%
    7.76x (National Avg. - 0.55%)
    $2,500
    -
    SCENARIO
    Year Rate
    4.30%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,150 1,505
    2 52,150 2,242 1,570
    3 54,392 2,339 1,637
    4 56,731 2,439 1,708
    5 59,171 2,544 1,781
    6 61,715 2,654 1,858
    7 64,369 2,768 1,938
    8 67,137 2,887 2,021
    9 70,024 3,011 2,108
    10 73,035 3,140 2,198
    11 76,175 3,276 2,293
    12 79,451 3,416 2,391
    13 82,867 3,563 2,494
    14 86,430 3,717 2,602
    15 90,147 3,876 2,713
    16 94,023 4,043 2,830
    17 98,066 4,217 2,952
    18 102,283 4,398 3,079
    19 106,681 4,587 3,211
    20 111,268 4,785 3,349
    TOTAL $66,053 $46,237
  • 4
    LOCAL CD
    Discover Bank , ★ TOP PICK ★
    Online Bank
    -
    $50,000
    12 Month
    4.50%
    10.25x (National Avg. - 0.44%)
    $2,500
    -
    SCENARIO
    Year Rate
    4.50%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,250 1,575
    2 52,250 2,351 1,646
    3 54,601 2,457 1,720
    4 57,058 2,568 1,797
    5 59,626 2,683 1,878
    6 62,309 2,804 1,963
    7 65,113 2,930 2,051
    8 68,043 3,062 2,143
    9 71,105 3,200 2,240
    10 74,305 3,344 2,341
    11 77,648 3,494 2,446
    12 81,143 3,651 2,556
    13 84,794 3,816 2,671
    14 88,610 3,987 2,791
    15 92,597 4,167 2,917
    16 96,764 4,354 3,048
    17 101,119 4,550 3,185
    18 105,669 4,755 3,329
    19 110,424 4,969 3,478
    20 115,393 5,193 3,635
    TOTAL $70,586 $49,410


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