Finding the proper bank account for yourself has gotten more complex. Still, it’s also improved when it comes to the benefits that you can expect. After all, you’ve no longer tied to your local bank or credit union. You have online options. But you’ll want to do your research to find the best possible online bank, which is why you’ll need this Axos high-yield savings review.
If you’re looking for an Axos high-yield savings review, you’re in the right place. Axos is an entirely online bank that offers a range of excellent features, including higher-than-average APY for balances up to $25,000. It also doesn’t charge a monthly maintenance fee or have a minimum balance requirement. All of this makes it easy to get started and start making returns.
The fact that you can manage absolutely everything online is another great benefit of this account, so you don’t need to worry about talking with a representative or going to a physical location. Instead, you can take care of everything right where you are. But, of course, that means you will have only some things you would want with this account.
Axos High Yields Savings Review of Low Minimums
First, you must have a minimum amount to open your account. This is $250, a relatively low number for many accounts. Still, it’s important to note that you can only open an account with something you choose. Also, the rate you earn depends on the amount of money you have in the account. However, this differs from what you might find at a traditional bank. Higher amounts mean that some of your money will receive a lower interest rate than a higher one.
Our Axos high-yield savings review shows that the convenience factor of accessing your money online and that you can deposit money in several different ways (all without actually interacting with a person) make this a great choice. You can also withdraw your money in many of the same ways, or you can get a free ATM card and use that to withdraw your money whenever you want.
This account is suitable for those who want to withdraw money easily and who also want to avoid the fees for maintenance and balance requirements. But there are other places to look if you’re looking for the highest interest rates. Our Axos high-yield savings review shows some benefits to this account, but you’ll need to check it out.