APY Interest Calculator
Calculate how much interest you can earn on your money with our APY Interest Calculator.1
Up to 4.66% APY* on savings
Up to 0.51% APY* on checking
The one bundle you need to grow your money fast. High rates, early paydays,2 and no monthly maintenance fees.
Up to 3.30% APY3
Experience next-level banking. Rewards Checking offers up to 3.30% APY3 with zero maintenance fees.
The Axos App
Manage your finances with greater control, convenience, and confidence. Anytime. Anywhere.
Banking that works as smart as you do.
Why settle? Get with a bank that offers high interest rates without the fees.
This is smart money management.
Low fees and high earnings aren’t just for savings. Our line of checking accounts were designed to give you the most value for your money.
Essential Checking
KEY FEATURE
The zero-fee checking account.
- No maintenance fees
- No overdraft or NSF fees
- Unlimited domestic ATM fee reimbursements
Rewards Checking
KEY FEATURE
Low fees, higher earnings.
- Earn up to 3.30% APY3
- No overdraft or NSF fees
- Unlimited domestic ATM fee reimbursements
CashBack Checking
KEY FEATURE
Earn while you spend.
- No maintenance fees
- 1.00% cash back on eligible purchases when you maintain a $1,500 balance
- Unlimited domestic ATM fee reimbursements
Frequently Asked Questions
How do I calculate my APY?
If you're looking to understand the math behind calculating your APY, there's a formula: APY = 100 [(1 + Interest/Principal)(365/Days in term) - 1]. But we think it's easier to use a calculator, so all you need to do is plug in the required information. Easy, peasy.
Why is APY important?
APY stands for annual percentage yield, and it is the rate of return you can earn on your investment in a given year. The higher the APY, the more interest you earn. The more funds you have in your account, the more money you'll make.
Is APY monthly or yearly?
APY is the percentage rate of return on your money over one year, and it includes compound interest. The interest may be compounded daily, monthly, or yearly, depending on the deposit account.
How much interest does $10,000 earn in a year?
This depends on the APY on your account. If your account offers 2.35% APY compounding daily over 12 months with no monthly deposits, you will having an ending balance of $10,234.70. That is an earned $234.70 in interest in a given year.