Summit Savings
Go higher. Earn faster.
The easiest way to earn more on your savings.
Earn a competitive 4.00% APY*—no maintenance fees, no balance requirements. Just simple, high-yield savings.
Earn more. Worry less.
Summit Savings makes growing your money easy—no monthly fees, no hassle.
High Rates on Any Balance
Earn 4.00% APY* on every dollar—no limits, just more growth.
More Savings, Less Fees
No monthly maintenance fees, balance requirements, or extra hurdles.
Seamless Transfers
Move money instantly between Axos accounts—no delays.
FDIC
Insured
Your savings are protected and insured up to $250K.
See it. Believe it. Earn it.
Discover how much more you could be earning with a rate 9.8x higher than the national average.†
Bank Bank | Annual Percentage Yield* APY* | Annual Earnings Earnings |
|---|---|---|
| Axos Bank | 4.00% | $400 |
| Capital One 360 Performance Savings1 | 3.70% | $370 |
| Bank of America Advantage Savings2 | 0.04% | $4 |
| Chase Savings3 | 0.01% | $1 |
More features means more freedom.
- Easy mobile deposits: Deposit checks through the Axos App.
- 24/7 digital access: Manage your account anywhere, anytime.
- Free incoming wires: Unlimited and hassle-free transfers.
See why Summit Savings wins.
With a high-yield rate, and full flexibility, reaching your financial peak has never been easier.
Axos Bank Summit Savings | Capital One 360 Performance Savings | Bank of America Advantage Savings | Chase Savings | |
|---|---|---|---|---|
APY | 4.00% | 3.70% | 0.04% | 0.01% |
No Minimum Balance for APY |
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No Minimum Balance Fees |
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No Maintenance Fees |
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No Minimum Initial Deposit |
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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 DepositsSM.
Summit Savings Rates & Annual Percentage Yield
Balance | APY* | Rate |
|---|---|---|
$0 - $9,999.99 | 4.00% | 3.92% |
$10,000 - $24,999.99 | 4.00% | 3.92% |
$25,000 - $49,999.99 | 4.00% | 3.92% |
$50,000 - $99,999.99 | 4.00% | 3.92% |
>$100k | 4.00% | 3.92% |
Convenience is our specialty.
- Manage all your bank accounts from one place in the Axos app.
- Access a network of over 95,000 fee-free ATMs.
- Avoid fees, because your earnings should stay earnings.
- Link external accounts in the app to move your money seamlessly.
All in one App
Stay on top of your money. Anytime. Anywhere.
Finally -- a bank that supports you. With the Axos app, managing finances is easy. Sync all your accounts to check balances, deposit checks, pay bills, and get custom account alerts quickly.
Summit Savings Frequently Asked Questions
Does Summit Savings have a minimum balance requirement?
There is no minimum balance to open your account and earn 4.00% APY*.
Can I get an ATM card with my Summit Savings account?
Yes, ATM cards are available. Send us a secure message online or in the mobile app to request one.
Is my Summit Savings Account FDIC insured?
Yes, Summit Savings is an FDIC-insured deposit account at Axos Bank, which is a member of the FDIC. Learn more about FDIC insurance.