Available nationwide, Axos Bank now has a 0.20% APY Rate for their Business Savings Account. Read for more information on this account below.
New business owners get a $100 welcome bonus! If you incorporated after June 1, 2020, Axos Bank will add $100 to you new business bank account. Just use promo code NEWBIZ100 on your application. Restrictions apply.
Business must be incorporated after 6/01/2020 and application must be submitted before 11:59pm on 6/30/2021 to qualify. In the first two months after account opening, the average daily balance of the account must be at least $2,500 in order to qualify for the $100 bonus.
Bonus will be deposited into your new account within 5 business days of your statement cycle date. Account must remain open for 180 days or an early closure fee of $50 may apply. Must be new funds to receive bonus credit. Terms and conditions subject to change without notice. Bonus may be taxable and reported on IRS Form 1099-MISC. Consult your tax advisor. Bank reserves the right to limit each customer to one new account-related gift incentive per calendar year. NOTE: “New Funds” is defined as funds that did not originate from another Axos Bank brand account.
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Axos Bank Business Savings Account Review
Established in 2000, Axos Bank is one of the leading digital banking services out there. They provide innovative products and services to their customers nationwide. Additionally, they bring human insight and digital expertise together to make a better bank.
In addition to the rate from Axos Bank, check out our list of best rates Savings, Money Market, and CD accounts.
I’ll review Axos Bank Business Savings below.
Axos Bank Business Savings Rate
To earn this decent APY Rate, just open an eligible business savings account and meet all of their requirements.
- What you’ll get: 0.20% APY
- Eligible account: Business Savings
- Credit inquiry: Soft Pull or Hard Pull?
- Where it’s available: Nationwide
- Opening Deposit: $1,000
- Monthly fee: None
- Early Termination Fee: None listed, check with CSR
Savings account offers are frequently updated. Find the best nationwide Savings/Money Market rates here, and the best Savings account bonuses here. The UFB High Yield Savings and CIT Bank Savings Builder accounts offer great rates available nationwide. The Aspiration account has a nice sign-up bonus plus great rate.
|Discover Bank Online Savings||$200 Cash + 0.40% APY||Review|
|Aspiration||1.00% APY + $100 Cash||Review|
|Axos Bank High-Yield Savings||Up to 0.61% APY||Review|
|Quontic Bank High Yield Savings||0.55% APY||Review|
|CIT Bank Money Market||0.45% APY||Review|
|CIT Bank Savings Builder||0.40% APY||Review|
How to Earn the Axos Bank Rate
- Open a business savings account with a $1,000 minimum opening deposit.
- Sign up for free image statements.
- No monthly fees with a $2,500 minimum Average Daily Balance.
|$50,000 – $249,999.99||0.20%|
|$250,000 – $499,999.99||0.20%|
|$500,000 – $699,999.99||0.20%|
|$700,000 – $999,999.99||0.20%|
|$5,000,000+||Contact business banking relationship manager for current rates|
- Online banking
- Mobile banking
- Remote deposit anywhere
- Variable interest compounded daily
Now, when you open a new business savings account, you’ll be able to earn this good APY Rate today! Plus, there are several perks that comes with the account as well. Here are some of Axos Bank’s other bonus offers. If these don’t interest you, be sure to check out our Best Business Bank Bonuses and Best Bank Rates.
Let us know about your experience with this bank and comment below.
Check back often to see the latest info on Axos Bank Business Savings Account.