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
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.
- 1ONLINE CDOnline Bank-$50,0003 Month0.20%0.15x (National Avg. - 1.31%)$1,000-SCENARIO
Year Rate
0.20%Annual
InterestAnnual 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 - 2LOCAL CDOnline Bank-$50,00060 Month4.10%5.06x (National Avg. - 0.81%)$2,500-SCENARIO
Year Rate
4.10%Annual
InterestAnnual 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 - 3LOCAL CDOnline Bank-$50,00024 Month4.30%7.76x (National Avg. - 0.55%)$2,500-SCENARIO
Year Rate
4.30%Annual
InterestAnnual 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 - 4LOCAL CDOnline Bank-$50,00012 Month4.50%10.25x (National Avg. - 0.44%)$2,500-SCENARIO
Year Rate
4.50%Annual
InterestAnnual 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
RAPG
March 13, 2023 |
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 BankRAPG
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.
FredB
January 6, 2023 |
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 BankGeorgie
November 22, 2022 |
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 BankRoger That
October 11, 2022 |
Roger that It is awful and condescending.
Review on the Parent BankRoger 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.
RoyT
September 28, 2022 |
Stay away from UFB Direct. This will end in real frustration and loss of your money and time.
Review on the Parent Bank