Axos ONE®

A high-yield checking and savings bundle designed to accelerate your wealth.

Earn up to 4.21% APY on savings* and up to 0.51% APY on checking* when you meet specific monthly deposit requirements
Includes both checking and savings with zero monthly maintenance, minimum balance, or overdraft fees
Get access to your paycheck up to two days early with early direct deposit
Access up to $2.5 million in expanded FDIC coverage under the Axos Insured Deposit Program

How to maximize your Axos ONE® account

Axos ONE® isn't just a checking account—it's a comprehensive banking bundle that replaces your standalone checking and savings accounts. Here is how to unlock its massive earning potential.*

Step 1: Hit the direct deposit requirements

To unlock the top 4.21% APY on your savings, you need to use this as your primary account. You must receive at least $1,500 in total monthly qualifying direct deposits and maintain an average daily balance of at least $1,500.

Step 2: Consolidate your savings

The top 4.21% APY applies to your first $249,999.99 in savings. If you have multiple savings buckets spread across different banks, moving them here can help you maximize your interest while qualifying for their expanded $2.5 million FDIC insurance coverage.

Step 3: Utilize the ATM network

Because this bundle operates entirely digitally, you won't visit a branch. Instead, take advantage of their massive network of 95,000+ fee-free ATMs nationwide whenever you need physical cash.

Wrap-up

If you are willing to move your primary direct deposits over, Axos ONE® rewards you with an elite savings yield, high-tier insurance limits, and a frictionless, zero-fee banking experience.

Legal & Disclosures

Advertiser Disclosure

MyWealthWallet is not a bank. We are a financial education and content platform. We may receive compensation when you click on links to products from our partners. This compensation may influence which products we write about and where and how they appear on the page. However, it does not influence our evaluations or recommendations. Our opinions are our own.

Axos ONE® Disclosures

* The Annual Percentage Yield (APY) is accurate as of 3/2/2026. The base and promotional interest rate and corresponding APY for Axos ONE® Checking is variable and is set at our discretion. The base and promotional interest rate and corresponding APY for Axos ONE® Savings is variable and is set at our discretion. Axos ONE® Savings is a tiered variable rate account. Axos ONE® Checking is a non-tiered variable rate account. Interest rates may change as often as daily without prior notice. Fees may reduce earnings.

Promotional terms and conditions are subject to change or removal without notice. Incentive may be taxable and reported on IRS Form 1099-MISC. Consult your tax advisor. After the accounts are opened, the amount of incentive earned will depend on meeting the additional requirements outlined below.

The Axos ONE® Checking account will earn a base rate of 0.00% APY. The Axos ONE® Savings account will earn a base rate of up to 1.00% APY.

Axos ONE® accounts are eligible to receive a promotional APY for each statement cycle where the promotional criteria are met during the Qualification Period. To receive the promotional APY on both Axos ONE® Checking and Axos ONE® Savings, the Axos ONE® Checking account must meet both of the requirements in either Option 1 or Option 2 below during the Qualification Period:

Option 1

Your Axos ONE® Checking account has received monthly qualifying direct deposits of at least $1,500 in total.
The average daily balance of your Axos ONE® Checking account is at least $1,500.

Option 2

Your Axos ONE® Checking account has received monthly qualifying deposits of at least $5,000 in total.
The average daily balance of your Axos ONE® Checking account is at least $5,000.

If both of the requirements in either Option 1 or Option 2 above are met during the Qualification Period:

The Axos ONE® Checking account will earn a promotional rate of 0.51% APY for the statement cycle in which the requirements are met.
The Axos ONE® Savings account will earn a promotional rate of 4.21% APY on the first $249,999.99 and 3.50% APY on any additional balance for the statement cycle in which the requirements are met.

The Qualification Period begins on the first business day of the month and runs through the 25th of the month. If the 25th of the month is followed by a non-business day, the average daily balance will be calculated including the following non-business day(s). Any qualifying deposits or qualifying direct deposits received after the 25th of the month will count toward the next Qualification Period. The Qualification Period for new accounts will begin on the day the account is approved. New accounts opened on or after the 25th of the month will be eligible to earn the promotional APY starting in the following month.

A direct deposit is an electronic ACH deposit of your paycheck or government benefits, such as Social Security, Disability, etc. International paychecks, international government benefits, other deposits (i.e., real time payments, online banking transfers, ATM and mobile check deposits, etc.), or person-to-person payments are not considered a direct deposit.

Qualifying deposits only include deposits from the following eligible sources: (i) ACH transfers from external accounts, (ii) inbound wire transfers from external accounts, (iii) mobile check deposits, (iv) real time payments. Qualifying deposits do not include: (i) transfers internal to the bank (i.e., transfers between an account holder’s Checking and/or Savings account), (ii) interest payments, (iii) promotional bonuses, (iv) credits, reversals, and refunds, (v) ATM deposits.

Both accounts must be in an open and active status on the 25th of the month and on the date the interest is paid to receive the promotional APY for that statement cycle. If either account closes during the Qualification Period, neither account will be eligible to earn the promotional APY for that statement cycle. Account transactions may take one or more business days from the transaction date to post to the account.

Axos Bank is a member of the FDIC. Deposit accounts opened with Axos Bank are insured up to $250,000 per depositor per legal category of account ownership, in accordance with current FDIC regulations. Axos Bank makes available additional FDIC insurance coverage through the Axos Insured Deposit Program with the Demand Deposit Marketplace® (DDM®) with IDEA℠ Feature (the “Program”). Additional information about the Program, including the amount of additional FDIC insurance coverage currently available through the Program, the types of customer accounts eligible for use of the Program, and the list of other banks participating in the Program, is stated in the Program Information Notice. Use of the Program is further subject to the Program’s Terms and Conditions.

General Disclaimer

The information provided on this page is for educational and informational purposes only. It should not be construed as financial, investment, or tax advice. Before opening any account, please carefully review all terms, conditions, fees, and disclosures provided by the partner. Your individual circumstances may vary, and we recommend consulting with a qualified financial advisor before making any financial decisions.