Axos High Yield Savings pays 4.66% APY with no monthly fee and no minimum balance — one of the most competitive rates among online savings accounts in 2026. The account earns that rate on every dollar from day one, with no conditions or tiers.
Bottom line: 4.66% APY, $0 fee, $0 minimum. One of the best HYSA rates available.
Axos Savings Products
| Account | APY | Monthly Fee | Min Balance | Notes |
|---|---|---|---|---|
| High Yield Savings | 4.66% | $0 | $0 | Best for most customers |
| First Savings MMA | 4.66% | $0 | $0 | Money market; check-writing available |
What 4.66% APY Means in Practice
| Balance | Annual Interest at Axos (4.66%) | At Chase (0.01%) | At Ally (4.20%) |
|---|---|---|---|
| $5,000 | $233 | $0.50 | $210 |
| $15,000 | $699 | $1.50 | $630 |
| $30,000 | $1,398 | $3.00 | $1,260 |
| $50,000 | $2,330 | $5.00 | $2,100 |
At $15,000, Axos earns $699/year vs. $1.50 at Chase — a difference of $697.50 annually. Interest compounds daily and credits monthly.
Account Features
- No monthly fee: $0 — no conditions, no minimum
- No minimum balance: Earn 4.66% on any amount, including $1
- FDIC insured: Up to $250,000 per depositor
- Interest compounding: Daily, credited monthly
- ACH transfers: Free; 1–3 business days to external accounts
- Mobile app: Deposit checks, view balances, set savings goals
- No transfer limit: Unlike some HYSAs, Axos does not restrict monthly withdrawals (federal Regulation D withdrawal limits were suspended in 2020)
Opening Axos High Yield Savings
- Go to axosbank.com → Open Account → High Yield Savings
- Provide SSN, address, date of birth, and a funding source
- Fund with a debit card, ACH transfer, or check (no minimum)
- Account is typically open within minutes; full features activate when initial deposit clears
To link an external bank:
- Navigate to External Accounts in the Axos app
- Enter your other bank’s routing and account numbers
- Axos verifies via micro-deposits (1–2 business days)
- Transfer freely between institutions after verification
Axos Savings Strategy for Axos Checking Customers
If you have Axos Rewards Checking:
- Keep 1–2 months of expenses in checking (earns 3.30% APY)
- Move everything else to High Yield Savings (earns 4.66% APY)
- Both accounts are at Axos — transfers are instant between them
This is one of the few setups where both checking and savings earn competitive rates at the same institution.
Axos vs. Top HYSAs
| Bank | Savings APY | Monthly Fee | Min Balance |
|---|---|---|---|
| Axos High Yield Savings | 4.66% | $0 | $0 |
| Marcus by Goldman Sachs | 4.10% | $0 | $0 |
| Ally HYSA | 4.20% | $0 | $0 |
| Discover HYSA | 4.25% | $0 | $0 |
| Capital One 360 Performance Savings | 4.00% | $0 | $0 |
| Chase Savings | 0.01% | $5 | $300 to waive |
Axos leads on APY among major online banks. Rate differences compound significantly over time on large balances.
See also: Axos Bank review | Axos checking account | Best high-yield savings accounts | Axos transfer limits
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