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Axos ONE

Editor reviewed

Up to 4.21% APY on up to $500k with monthly direct deposit qualification

Rates verified September 10, 2026
High-Yield Savings
Open account
Tracked since2026
0 reviews tracked

The Bottom Line

APY

4.21%

Biggest pro

4.21% on serious balances

Biggest con

Qualification gate resets monthly

At a glance

Rates verified September 10, 2026
APY
4.21%
APY note
Promo rate on first $499,999.99 (4.01% above) in cycles with $1,500+ direct deposits and $1,500+ average daily balance (or $5k/$5k variant); lower unqualified rate otherwise
Minimum deposit
None
Monthly fee
None
FDIC
Direct, Member FDIC, $250k
Institution
Axos Bank
ATM access
Yes

How this rate compares

11.1x

the FDIC national savings average of 0.38% (August 17, 2026). On a $10,000 balance that is about $383 more in a year.

Last verified September 10, 2026

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.

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?

$421 a year on a $10,000 balance

At 4.21% APY, $10,000 earns about $421 in the first year, versus roughly $38 at the 0.38% FDIC national average (August 17, 2026). That is about $383 more for moving the same money. APY is variable and shown as of the date above.

What is Axos ONE?

Editorial review
Axos ONE pays direct-deposit loyalists a near-market-leading rate on serious balances: up to 4.21% on nearly half a million dollars. The honest verdict: a genuine full bank with a strong rate, gated behind a monthly qualification that resets and a parent whose UFB history warrants watching for rate decay. As of early July 2026 the savings side pays up to a promotional 4.21% APY on the first $499,999.99 (4.01% above that) in statement cycles where you receive $1,500+ in direct deposits and hold a $1,500+ average daily balance, or meet a $5k/$5k deposits variant. A lower unqualified rate applies otherwise. There is no minimum deposit and no monthly fee. Axos Bank provides direct FDIC insurance to $250,000; the bank absorbed Jenius Bank's savings customers in May 2026. Access is solid: a capable app, a large ATM fee-rebate network via checking, early pay, and instant internal moves. The catches: the qualification gate resets monthly, the rate carries promotional wording, and Axos's UFB track record suggests keeping an eye on it.
how we evaluateSourceaxosbank.com ↗

Pros and cons

Pros

  • 4.21% on serious balances
  • Genuine full bank
  • Large ATM fee-rebate network via checking

Cons

  • Qualification gate resets monthly
  • Promotional rate wording
  • Axos's UFB history suggests watching for rate decay

Key details

Up to 4.21% APY promo on the first $499,999.99; 4.01% aboveBundled checking and savings with one qualification gateQualification: $1,500+ direct deposits and $1,500+ average daily balance (or $5k/$5k variant)Large ATM fee-rebate network via checkingEarly pay and instant internal transfersNo monthly fee

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Best High-Yield Savings

Axos ONE FAQ

What is the current APY on Axos ONE?

Up to a promotional 4.21% APY on the first $499,999.99 (4.01% above) as of early July 2026, in statement cycles where you receive $1,500+ in direct deposits and hold a $1,500+ average daily balance, or meet the $5k/$5k deposits variant. A lower rate applies if you do not qualify.

Is Axos ONE FDIC insured?

Yes. Axos Bank provides direct FDIC insurance up to $250,000 per depositor. Axos absorbed Jenius Bank savings customers in May 2026.

What are the minimums and fees?

There is no minimum deposit and no monthly fee. Earning the top rate requires meeting the monthly direct deposit and average daily balance qualification.

Source: axosbank.com

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