Rewards Checking
Don’t miss out on 3.30% APY.*
Settle into smarter banking. Open a Rewards Checking account and start earning up to 3.30% APY.*
Among the Best Online Banks 2022
Forbes Advisor
Best Checking Account for High Interest
NerdWallet
Best Checking Account Overall
Motley Fool's The Ascent
Raising the Bar for Checking Accounts
Up to 3.30% APY*
Build your own APY with up to 3.30% APY* Start with direct deposit and watch your money grow.
No Fees
Bank fees? No thanks. Zero monthly maintenance fees, no overdraft fees, and $0 required to open the account.
ATM Fee Reimbursements
Hit the ATM anytime you need because we reimburse all domestic ATM fees.
Earn Up to 47x the National Average Checking Account APY1
Say goodbye to ordinary banking. Smarter earnings start here with up to 3.30% APY.*
How Our High-Interest Checking Account Compares to Big Banks
Input your balance to calculate your potential earnings.
max balance: $50,000
Annual Percentage Yield* APY* | Annual Earnings Earnings | |
|---|---|---|
| Axos Bank | 3.30% | $495.00 |
| Ally Bank Spending | 0.25% | $37.50 |
| Capital One 360 Checking | 0.10% | $15.00 |
| Wells Fargo Prime Checking | 0.01% | $1.50 |
Digital tools at your fingertips.
Easier, smarter banking starts with the Axos all-in-one mobile app.
- View your transactions and spending history.
- Get answers 24/7 with Evo, our virtual assistant.
- Set up auto alerts for any strange activity you don’t recognize.
- Move money to other accounts or send money to friends.
- Enable security measures to keep your money safe.
Skip the wait with direct deposit.
Have your paycheck deposited automatically. Start earning interest when you set up $1,500 deposits.*
Unlock greater earning power by opening an Axos Invest account.
No experience needed. Earn up to 1.98% APY* when you open one or more Invest accounts.
Rate Requirements
How To Earn Interest | APY* | Rate |
|---|---|---|
Direct Deposit: Receive monthly direct deposits totaling $1,500 or more. Direct deposit is required to unlock your other interest-earning options | 0.40% | 0.39% |
Debit Card Spending or Personal Finance Manager: Use your Axos Visa® Debit Card for a total of 10 transactions per month (min $3 per transaction) or link an account to activate Personal Finance Manager (PFM). | 0.30% | 0.29% |
Managed Portfolios: Maintain an average daily balance of $2,500 per month in an Axos Invest Managed Portfolios Account. | 0.99% | 0.98% |
Self Directed Trading: Maintain an average daily balance of $2,500 per month in an Axos Invest Self Directed Trading Account. | 0.99% | 0.98% |
Loan Payment: Use your Rewards Checking account to make your full monthly Axos Bank consumer loan payment. Mortgage, personal, and auto loans are eligible. | 0.60% | 0.59% |
Total: | 3.30% | |
Rewards Checking FAQs
Are online checking accounts safe?
Yes! All Axos Bank accounts are FDIC insured up to $250,000 per member and up to $500,000 for joint accounts. We use various tools to protect your financial information, including SSL encryption, firewalls, and automatic logouts of inactive sessions. We also monitor all activity regularly for potential fraud. For more information on how we keep our bank accounts safe, visit our Security Center.
Can a student open a Rewards Checking account?
We welcome all applicants over 18 to apply for an individual or joint bank account. If you are 13-17 years old, we recommend a First Checking account.
How do I set up direct deposit?
It’s easy to set up direct deposit digitally. Simply log in to your account, navigate to “Profile and Settings,” then select “Direct Deposit.” It only takes five minutes.
What will my checking account APY be?
You can earn up to 3.30% APY* if you meet rate requirements.
How do I earn the highest APY with my Rewards Checking account?
Once you set up direct deposit, you will unlock your interest-earning options.
Does the Rewards Checking account have any fees?
Fees? Not at Axos. Rewards Checking has zero monthly maintenance fees, zero overdraft or NSF fees, and $0 required to open the account.
What is an interest-bearing checking account?
This type of account pays an interest rate on your balance, earning you more money.
What is the difference between a checking and savings account?
Checking accounts are designed for quick access to your funds whenever you need them. Savings accounts are typically used for specific goals or as an emergency fund.
Do all checking accounts earn interest?
No. The majority of them do not. But Rewards Checking offers an interest rate 47 times higher than the national average for interest-bearing checking accounts.
Harvest up to 47x the national average checking account APY.1
Let your rewards keep you warm this fall. Earn up to 3.30% APY* with Rewards Checking.