Axos Bank Business Premium Savings
Axos Business Premium Savings pays 3.50% APY on every tier with no minimum opening deposit and no monthly fee, plus a 0.41% boost for up to six cycles.
Rates verified October 17, 2026Open accountThe Bottom Line
- APY
- 3.50% (verified Oct 17, 2026). All rates and fees
Key facts
- 3.50% APY on all tiers up to $4,999,999.99, as of 10/17/2026
- BOOST41 adds 0.41% for up to six statement cycles (3.91% total) with a new Basic Business Checking account
- No minimum opening deposit, no monthly fee and no minimum balance
Pros
- 3.50% APY on every tier with no minimum opening deposit or monthly fee
- BOOST41 promotion adds 0.41% APY for up to six statement cycles
- Free incoming domestic and international wires
Cons
- The 3.91% boosted rate is temporary and needs a Basic Business Checking account with a $5,000 average daily balance
- Variable rate that may change as often as daily
- The same 3.50% applies to every tier, so large balances earn no more
At a glance
Rates verified October 17, 2026- APY
- 3.50%
- APY note
- 3.50% APY (3.44% rate) on every tier from $0 to $4,999,999.99, accurate as of 10/17/2026 per Axos. A BOOST41 promotion adds 0.41% APY for up to six statement cycles with a new Basic Business Checking account. Variable.
- Minimum deposit
- None
- Monthly fee
- None
- FDIC
- FDIC insured up to $250,000; Insured Cash Sweep via IntraFi can expand coverage up to $265MM.
- Institution
- Axos Bank
- ATM access
- No
Source: axosbank.com/business/savings/business-savings-…, read October 17, 2026
How this rate compares
the FDIC national savings average of 0.37% (September 21, 2026). On a $10,000 balance that is about $313 more in a year.
We re-verify against the issuer's own page when we refresh this listing, and we stamp that date. We do not claim a daily check.
Versus named competitors
As of October 17, 2026, Axos Bank Business Premium Savings posts 3.50% APY. The table below uses each competitor's own last-verified print, not a shared snapshot.
| Product | Headline APY | Term | Verified |
|---|---|---|---|
| Axos Bank Business Premium Savings | 3.50% | variable | October 17, 2026 |
| Grasshopper Bank Innovator Savings | 3.25% | variable | October 17, 2026 |
APYs are variable and can change at any time. The FDIC national average is a floor for what an ordinary savings account pays, not a competitor. Named comparisons use each product's last issuer-page check.
Is it worth it?
$350 a year on a $10,000 balance
At 3.50% APY, $10,000 earns about $350 in the first year, versus roughly $37 at the 0.37% FDIC national average (September 21, 2026). That is about $313 more for moving the same money. APY is variable and shown as of the date above.
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Axos Bank Business Premium Savings FAQ
What APY does Axos Business Premium Savings pay?
How does the BOOST41 promotion work?
Is there a minimum deposit or monthly fee?
Is the account FDIC insured?
Are wires free?
Source: axosbank.com