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Rewards Checking

Got Your $300 Bonus?

Don't miss out on up to 3.30% APY* and up to a $300 bonus when you use promo code AXOS300 on your Rewards Checking application.


Among the Best Online Banks 2022

Forbes Advisor


Best Checking Account for High Interest



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 no minimum balance fees.

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 Banks2

Input your balance to calculate your potential earnings.


max balance: $50,000

Calculate APY and Annual Earnings
Bank 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.

Maximize your Rewards Checking account with the Axos 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 2.00% 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%

The All-Around Checking Account

Use the promo code AXOS300 when you apply for a Rewards Checking account by June 30th, 2024. Then have qualifying direct deposits to earn up to a $300 bonus! Hurry, this offer won’t last long.

Simple Steps to earn your Welcome Bonus

Open new account

Open a new Rewards Checking account and use the promo code "AXOS300."

Fund your account

Deposit New-to-Axos bank funds into your new Rewards Checking account within 30 days of account opening. You must have qualifying direct deposits that total at least $5,000 each calendar month during the first seven (7) calendar months your account is open.

Maintain your balance

You must also maintain a minimum average daily balance of $7,000 in your Rewards Checking account.

See Terms and Conditions for full details.

Rewards Checking FAQs

  • 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.

New Bonus for the New Year

Start your new year with a $300 bonus and up to 3.30% APY. Just open a new Rewards Checking account using promo code AXOS300.