What's the benefit of pairing checking and savings together?

Keeping both accounts in one place makes it easier to manage money, move funds instantly, and sometimes unlock perks like higher rates or overdraft protection.

Do I need to keep a large balance to qualify for the best features?

Yes, Axos Bank requires certain deposit and balance minimums to unlock its top rates. If you can't hit those comfortably, a simple savings account may be better.

Is Axos Bank safe to use?

Yes. Axos Bank is FDIC-insured, the same as with any major bank.

Axos ONE® Savings and Checking Bundle Review: A Bank Combo That Actually Pays You Back

Most banks are cutting rates after the Fed's move, but this account just went the other way. Axos ONE® now pays boosted APYs on both checking and savings, a rare chance to make every dollar work harder. You'll need to meet balance and deposit requirements to unlock the top rates, but there are no monthly fees. With rate hikes this rare in 2025, it's smart to act quickly.

Rates as of

Axos ONE®

Member FDIC.

4.50/5

APY

up to 4.21%

Min. To Earn APY

$0 for base rates, $1,500 for max APY

Pros/Cons

Earn a competitive APY on checking and savings
Pay no monthly maintenance or account fees
No cap on how much you can save
Access to fee-free ATM network

Extra conditions required to earn the advertised rate
No physical branches for in-person help

Bottom Line

The Axos ONE® bundle makes your money work overtime – all under one roof. Meet the direct deposit and balance requirements, and you'll earn up to 4.21% APY on savings and up to 0.51% APY on checking, some of the highest rates we've seen lately. There are no physical branches, but you can still access cash easily through a network of over 95,000 fee-free ATMs. It's a simple, high-reward setup that actually pays off.

Open a Axos ONE® Account

Disclosure

The Annual Percentage Yield (APY) is accurate as of 2/1/2026. 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 $499,999.99 and 4.01% 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.

How we rate savings accounts

At Motley Fool Money, we rate savings accounts on a five-star scale, shown in tenths of a point to highlight even small differences between products. Accounts are evaluated across four main criteria:

APY
Brand and reputation
Fees and minimum requirements
Accessibility and features

Scores may be adjusted to reward limited-time high rates or penalize accounts with excessive fees. Our goal is to highlight accounts that are competitive, easy to use, and backed by trusted institutions. Learn more about how Motley Fool Money rates bank accounts.

How we rate savings accounts

At Motley Fool Money, we rate savings accounts on a five-star scale, shown in tenths of a point to highlight even small differences between products. Accounts are evaluated across four main criteria:

APY
Brand and reputation
Fees and minimum requirements
Accessibility and features

Scores may be adjusted to reward limited-time high rates or penalize accounts with excessive fees. Our goal is to highlight accounts that are competitive, easy to use, and backed by trusted institutions. Learn more about how Motley Fool Money rates bank accounts.

What I like about Axos ONE®

High APY that's truly above average

Big banks are still paying close to 0.01% APY on savings -- literally pennies a year on a $1,000 balance. By comparison, Axos ONE® is paying up to 4.21% APY on savings and even interest on checking (which most banks don't bother with).

Here's what that looks like in real life: if I kept $10,000 in this account at the top rate for a year, I'd earn about $451. At a traditional bank? I'd earn $1. That's the difference.

Bundled checking and savings for convenience

I like the simplicity here. Instead of spreading money across multiple banks, you can keep checking and savings in one place. That means competitive rates on both accounts, plus the ability to move money instantly between them.

Axos Bank also offers overdraft coverage that can link your savings to your checking. If you opt into their overdraft protection program, the bank will automatically transfer money from savings to checking if you overdraw, and they don't charge a fee for that transfer. It's a nice safeguard, though it's not built in by default just for having the bundle.

No fees

This is a big one for me. So many banks still charge $10-$15 a month just to keep an account open, unless you hit a minimum balance or jump through hoops. Axos Bank skips those games.

Fee Type	Amount
Monthly service fee	$0
Wire transfer fee	Incoming: None; Outgoing: $35 (domestic), $45 (international)
Inactivity fee	$0
Excess transaction fee	$0

Data source: Axos Bank.

Early payday

Direct deposit customers can get paid up to two days early. Not a must-have, but definitely a nice perk.

Downsides you should consider

Deposit requirements to unlock the best rate

You've been waiting for the catch, right? Well, here it is. The boosted APY isn't automatic. To qualify, you'll need to meet one of these:

Receive at least $1,500 in monthly qualifying direct deposits and keep an average daily balance above $1,500
Or, receive at least $5,000 in monthly qualifying deposits and keep an average daily balance above $5,000

If you can't comfortably hit those marks, this bundle quickly loses its appeal.

No physical branches

Axos Bank is a 100% online bank. That works for me, but if you prefer face-to-face service, this isn't the account for you.

Compare savings rates

Make sure you're getting the best account for you by comparing savings rates and promotions. Here are some of our favorite high-yield savings accounts to consider.

Account	APY	Bonus	Next Steps
Open Account for SoFi Checking and Savings On SoFi's Secure Website. Member FDIC. 4.90/5 Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor.	up to 3.80% Rate info Min. to earn: $0	Earn $50 or $400 and +0.70% Boost on Savings APY with direct deposit. Terms apply.	Open Account for SoFi Checking and Savings On SoFi's Secure Website.
Open Account for NexBank High-Yield Savings Account from Raisin On Raisin's Secure Website. Member FDIC. 4.70/5 Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor.	4.15% Rate info Min. to earn: $1	Earn up to $1,200 when you sign up and fund your account using code SUMMER26.¹	Open Account for NexBank High-Yield Savings Account from Raisin On Raisin's Secure Website.
Open Account for Happen Bank LevelUp Savings On Happen Bank's Secure Website. Member FDIC. 4.70/5 Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor.	4.00% APY with $250+ in monthly deposits Rate info Min. to earn:	N/A	Open Account for Happen Bank LevelUp Savings On Happen Bank's Secure Website.

Disclaimers

https://www.happen.com/legal/deposits/levelup-savings-t-and-cs

¹New customers only. Earn a cash bonus (the "Base Bonus") when you deposit and maintain funds with partner banks on the Raisin platform. Customers will receive a Base Bonus of $50 for depositing between $10,000 and $24,999; $125 for depositing between $25,000 and $49,999; $250 for depositing between $50,000 and $99,999; $500 for depositing between $100,000 and $199,999; and $1,000 for depositing $200,000 or more.

Customers may earn an additional bonus by setting up a recurring deposit within 14 days of their initial deposit (the “Recurring Deposit Bonus”). To qualify, the recurring deposit must be established within 14 days of the initial deposit date and it must execute at least two (2) times within 90-days of the initial deposit. Recurring Deposit Bonus eligibility is determined by your Base Bonus tier:

Customers depositing between $10,000–$24,999 with aggregate recurring deposits of $100 or greater receive a $10 bonus
Customers depositing between $25,000–$49,999 with aggregate recurring deposits of $250 or greater receive a $25 bonus
Customers depositing between $50,000–$99,999 with aggregate recurring deposits of $500 or greater receive a $50 bonus
Customers depositing between $100,000–$199,999 with aggregate recurring deposits of $1,000 or greater receive a $100 bonus
Customers depositing between $200,000+ with aggregate recurring deposits of $2,000 or greater receive a $200 bonus

Customers are eligible to earn the Recurring Deposit Bonus associated with their Base Bonus tier or any lower Recurring Deposit Bonus tier. For example, a customer with an initial deposit of $200,000 (qualifying for the highest Base Bonus tier) whose aggregate recurring deposits total $500, is eligible for the lower tier and will receive the $50 Recurring Deposit Bonus. However, setting up a recurring deposit greater than your Base Bonus tier's required threshold will not qualify you for a higher Recurring Deposit Bonus.

The Recurring Deposit Bonus is paid in addition to the Base Bonus. To qualify for the Base Bonus and Recurring Deposit Bonus, your first deposit must be initiated between June 1, 2026, and August 31, 2026, by 11:59 PM ET, and the promo code SUMMER26 must be entered at the time of sign-up. Only funds deposited within 14 days of the initial deposit date and maintained with partner banks on the Raisin platform for 90 days will be eligible for the Base Bonus. Bonus cash will be credited directly to your Cash Account within 30 days of meeting all qualifying terms. This offer is available to new customers only and may not be combined with any other bonus offers. Raisin may modify or end this offer at any time and may withhold or revoke bonuses in cases of fraud, abuse, or violation of these terms or Raisin’s Terms of Service.

Customer service

The mobile app gets mixed reviews. iOS users rate it fairly well, but both iOS and Android reviews mention occasional bugs and login issues. With no branches, most support is digital-first and often automated.

Accessing your money

You'll get fee-free access to around 95,000 ATMs. Deposits work through direct deposit, ACH, mobile check deposit, or certain ATMs. Outgoing wires cost extra, but everyday banking is covered.

Security and reliability

Like every FDIC-insured bank, Axos Bank protects deposits up to $250,000 per depositor, per account ownership category. Your money is as safe here as it is at a national bank.

Who will benefit from Axos ONE®?

This account is a great fit if you:

Want checking and savings under one roof
Can consistently hit the $1,500+ deposit and balance requirements
Value a higher APY enough to stay on top of the rules

If that sounds like you, Axos ONE® is one of the rare chances in 2025 to earn strong rates on both checking and savings.

If you'd rather keep banking effortless, a simple high-yield savings account may be a better choice.

Sources

FAQs

Keeping both accounts in one place makes it easier to manage money, move funds instantly, and sometimes unlock perks like higher rates or overdraft protection.
Yes, Axos Bank requires certain deposit and balance minimums to unlock its top rates. If you can't hit those comfortably, a simple savings account may be better.
Yes. Axos Bank is FDIC-insured, the same as with any major bank.

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