Axos Bank:
Online Certificate of Deposit - 0.20% APY
• $1,000 minimum amount to open an account
• No setup or maintenance fees
• Additional deposits are permitted during the term of the CD.
• Interest is earned daily, credited and compounded monthly.
• Interest begins to accrue on the business day you deposit cash and non-cash items.
• The interest rate will be paid until the maturity date of your certificate.
• The account will automatically renew at maturity. 10 calendar days (grace period) after the maturity date to withdraw the funds without being charged a penalty.
• A penalty may be imposed for withdrawals before maturity:
• For CD’s with terms of less than twelve months, we may impose a penalty equal to three months’ interest on the entire CD amount, rather than the amount withdrawn subject to penalty.
• For CD’s with terms equal to or greater than twelve months, we may impose a penalty equal to six months’ interest on the entire CD amount, rather than the amount withdrawn subject to penalty.
Fee and Feature Guide
| Certificate of Deposit | |
|---|---|
| Interest Rate | |
| APY | 0.20% |
| Term Length | 6 Month |
| Minimum deposit amount | $1,000.00 |
| Maximum deposit amount | N/A |
| Balance Requirements | |
| Minimum Opening Deposit | $1,000.00 |
| Minimum Balance to Avoid Fees | $0.00 |
| Minimum Required Balance | $0.00 |
| Minimum To Earn | $0.00 |
| Fees | |
| Early withdrawal penalty | |
| Monthly Maintenance Fee | N/A |
| Foreign ATM Fees | N/A |
| Insufficient Funds Fee | $25.00 |
| Incoming Wires | N/A |
| Statements | |
| Paper Statements | Yes |
| Online Statements | Yes |
| Online and Telephone Banking | |
| Online Banking | Yes |
| Telephone Banking | Yes |
| Mobile Banking | Yes |
| Deposit Checks with Mobile Device | Yes |
| Free Bill Pay | Yes |
| Online Bill Payments Required | Yes |
| Account Opening | |
| Open Online | Yes |
| Insured by | F.D.I.C. |
Recent Rate Changes
| Date | APY |
|---|---|
| August 20, 2023 | 0.20% |
Customer Reviews for Axos Bank
wertlkgt
March 28, 2022 |
Vaporware. Was approved to open an account. I logged in on several different browsers with differing rendering codes--each time got nothing but 3 circles running left to right for up to a half hour when I gave up. Customer service escalated my query to the tech side, which told me that since I could log in there was no problem. If my account still exists there is no way to use it! Of course, opening bonus denied.
Is this review helpful? Yes:7 / No: 1
jason t
April 19, 2021 |
more problems than i or anyone should have time for
Is this review helpful? Yes:13 / No: 2
h65c
March 11, 2021 |
Seems to be a different rate depending which site you come from. I guess 0.60% is from BestcashCow, but I saw 0.80% on Magnify.
Is this review helpful? Yes:10 / No: 1
Sweldon, Jay
February 12, 2021 |
Bofi is a shell game. Stay away.
Is this review helpful? Yes:13 / No: 1
Yella
January 4, 2021 |
I am very upset. This was advertised on this site or some other site. It was impossible to get the account opened. When I reached people on the phone, they were nasty. Now the rate is lower and I cannot get my cash out.
Is this review helpful? Yes:12 / No: 1
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