Axos Bank:
Online Certificate of Deposit - 0.20% APY
• $1,000 minimum amount to open an account
• No setup or maintenance fees
• Additional deposits are permitted during the term of the CD.
• Interest is earned daily, credited and compounded monthly.
• Interest begins to accrue on the business day you deposit cash and non-cash items.
• The interest rate will be paid until the maturity date of your certificate.
• The account will automatically renew at maturity. 10 calendar days (grace period) after the maturity date to withdraw the funds without being charged a penalty.
• A penalty may be imposed for withdrawals before maturity:
• For CD’s with terms of less than twelve months, we may impose a penalty equal to three months’ interest on the entire CD amount, rather than the amount withdrawn subject to penalty.
• For CD’s with terms equal to or greater than twelve months, we may impose a penalty equal to six months’ interest on the entire CD amount, rather than the amount withdrawn subject to penalty.
Fee and Feature Guide
| Certificate of Deposit | |
|---|---|
| Interest Rate | |
| APY | 0.20% |
| Term Length | 60 Month |
| Minimum deposit amount | $1,000.00 |
| Maximum deposit amount | N/A |
| Balance Requirements | |
| Minimum Opening Deposit | $1,000.00 |
| Minimum Balance to Avoid Fees | $0.00 |
| Minimum Required Balance | $0.00 |
| Minimum To Earn | $0.00 |
| Fees | |
| Early withdrawal penalty | |
| Monthly Maintenance Fee | N/A |
| Foreign ATM Fees | N/A |
| Insufficient Funds Fee | $25.00 |
| Incoming Wires | N/A |
| Statements | |
| Paper Statements | Yes |
| Online Statements | Yes |
| Online and Telephone Banking | |
| Online Banking | Yes |
| Telephone Banking | Yes |
| Mobile Banking | Yes |
| Deposit Checks with Mobile Device | Yes |
| Free Bill Pay | Yes |
| Online Bill Payments Required | Yes |
| Account Opening | |
| Open Online | Yes |
| Insured by | F.D.I.C. |
Recent Rate Changes
| Date | APY |
|---|---|
| August 20, 2023 | 0.20% |
Customer Reviews for Axos Bank
Jeff Talmage
August 22, 2025 |
Echoing the other negative reviews here. Avoid because rate is bait-and-switch, website is awful and service is not acceptable (provided by offshore reps who barely speak English, raise their voice and address me as Mr Jeff). There are plenty of banks on this site who honor their word and treat you with respect.
Is this review helpful? Yes:0 / No: 0
wertlkgt
March 28, 2022 |
Vaporware. Was approved to open an account. I logged in on several different browsers with differing rendering codes--each time got nothing but 3 circles running left to right for up to a half hour when I gave up. Customer service escalated my query to the tech side, which told me that since I could log in there was no problem. If my account still exists there is no way to use it! Of course, opening bonus denied.
Is this review helpful? Yes:9 / No: 1
jason t
April 19, 2021 |
more problems than i or anyone should have time for
Is this review helpful? Yes:13 / No: 2
h65c
March 11, 2021 |
Seems to be a different rate depending which site you come from. I guess 0.60% is from BestcashCow, but I saw 0.80% on Magnify.
Is this review helpful? Yes:10 / No: 1
Sweldon, Jay
February 12, 2021 |
Bofi is a shell game. Stay away.
Is this review helpful? Yes:14 / No: 1
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