Axos Insured Deposit Program
Safeguard more of your savings with expanded FDIC coverage.
Have an Axos One Savings account? Enroll to access up to $2.5 million in additional FDIC insurance through the Axos Insured Deposit Program — at no extra cost.
No fees. No hassle. Just the peace of mind that comes with comprehensive protection and competitive returns.
How it Works
Funds in the Axos Insured Deposit Program are placed with FDIC-insured partner banks—each covering up to $250,000 per ownership category.
- Deposits distributed across partner banks: Your savings funds are strategically placed across multiple participating banks, maximizing your FDIC insurance coverage.
- FDIC insurance protection: Each partner bank covers up to $250,000 per ownership category (individual, joint, etc.).
- Review and manage your coverage: Check which banks your funds are deposited in and take any necessary steps to maintain full FDIC coverage. Review the Program Terms and Conditions for complete details and disclosures.
Maximum Protection. Minimum Complexity.
The Axos Insured Deposit Program gives you multi-million dollar FDIC protection without the complexity. Access up to $2.5MM in expanded coverage through your Axos ONE Savings account—with streamlined statements, full control of your funds, and one-click enrollment. Protection that scales with your success, simplified.
Easy control, no fees
Quick digital enrollment—no paperwork. Opt in or out anytime. No program or enrollment fees.
Full money movement
Move money just like always—ACH, wires, bill pay, transfers, and mobile deposit from your Axos account.
One account, total view
See all your funds and your APY in one dashboard. Interest posts to your Axos One Savings as a single payment.
Simple documents
One monthly statement. One 1099‑INT at tax time. Clear and consolidated.
Participating Banks
- Citibank, National Association
- Metropolitan Commercial Bank
- Citizens Bank, National Association
- Sallie Mae Bank
- Peapack-Gladstone Bank
- KeyBank National Association
- Bank of Baroda
- Bell Bank
- Truist Bank
- Renasant Bank
- HSBC Bank USA, National Association
- First Business Bank
- The Washington Trust Company of Westerly
- Comerica Bank
- Bravera Bank
- State Street Bank and Trust Company
Your deposits are protected with FDIC insurance up to $250K.
Or up to $500K with a joint account. Need more coverage? Access up to $265MM with Axos Bank InsureGuard+ Savings through IntraFi® Network Deposits℠.
Frequently Asked Questions
What is FDIC insurance?
The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the U.S. government. It insures deposits at member banks in the event of a bank failure, covering up to $250,000 per depositor, per bank, per ownership category. This insurance safeguards common deposit accounts such as checking accounts, savings accounts, money market accounts, and CDs.
How does expanded FDIC insurance work?
Expanded FDIC Insurance provides the same protections described above but covers more than $250K in balances. The program works the same way it would if you manually opened accounts with different banks. We just do it seamlessly and automatically in the background so you can access all your cash through Axos instead of having to use multiple banks and manage multiple accounts.
How does this affect my account?
In short, it doesn’t. You continue to manage all your deposits at Axos from within your Axos banking app. In the background, the Axos Insured Deposit Program automatically moves dollars in your Axos ONE Savings account to our network of participating banks. You’ll continue to earn the same rate and enjoy all the same product features you would if you were not opted in to the program. There are no fees or increased costs associated with this program.
How can I opt in?
Enroll via online banking under the 'I want to' section in your account details or via the mobile app within account settings. Click through the enrollment flow and accept disclosures to opt-in.