Axos Bank Business Savings
Axos Business Savings lists 0.20% APY on every tier up to $5M, with a $1,000 opening deposit and a $5 fee below a $2,500 average balance.
Rates verified October 17, 2026Open accountThe Bottom Line
- APY
- 0.20% (verified Oct 17, 2026). All rates and fees
Key facts
- 0.20% APY on all tiers up to $4,999,999.99, as of 10/17/2026
- $1,000 to open; $5 monthly fee if the average daily balance falls below $2,500
- Interest compounded daily; FDIC insured up to $250,000
Pros
- Straightforward account with daily compounding
- No monthly fee with a $2,500 average daily balance
- Free remote deposit, online and mobile banking and image statements
Cons
- 0.20% APY is far below high-yield business savings
- $1,000 minimum opening deposit
- $5 monthly fee if the average daily balance drops below $2,500
At a glance
Rates verified October 17, 2026- APY
- 0.20%
- APY note
- 0.20% APY on every tier from $0 to $4,999,999.99, accurate as of 10/17/2026 per Axos. Variable; may change as often as daily.
- Minimum deposit
- $1,000
- Monthly fee
- $5
- 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, 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 $-17 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 Savings posts 0.20% APY. The table below uses each competitor's own last-verified print, not a shared snapshot.
| Product | Headline APY | Term | Verified |
|---|---|---|---|
| Axos Bank Business Savings | 0.20% | 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?
$20 a year on a $10,000 balance
At 0.20% APY, $10,000 earns about $20 in the first year, versus roughly $37 at the 0.37% FDIC national average (September 21, 2026). That is about $-17 more for moving the same money. APY is variable and shown as of the date above.
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Axos Bank Business Savings FAQ
What APY does Axos Business Savings pay?
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Source: axosbank.com