Axos Bank, a division of Bofi Federal 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twelve months, we may impose a penalty equal to three months’ interest on the entire CD amount, rather than the amount withdrawn subject to penalty.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twelve months, we may impose a penalty equal to six months’ interest on the entire CD amount, rather than the amount withdrawn subject to penalty.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

Savings Account
Interest Rate
APY 0.20%
Termlength 12 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
Monthly Maintenance Fee N/A
Foreign ATM Fees N/A
Insufficient Funds Fee $25.00
Incoming Wires N/A
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.

Reviews on Axos Bank, a division of Bofi Federal Bank

| Feb 12, 2021

Bofi is a shell game. Stay away.

| Jan 04, 2021

I am very upset. This was advertised on this site or some other site. It was impossible to get the account opened. When I reached people on the phone, they were nasty. Now the rate is lower and I cannot get my cash out.

| Aug 22, 2020

You can ignore this note and go ahead with these guys, but you will regret it.

| Jul 31, 2020

Terrible! Avoid BofI and all of its brands!

| Mar 29, 2019

I had my checking account at Axos bank for more than 10 years, and was a very satisfied customer. In March 2019, I received an email from them stating that they would close my account in 30 days, without providing any further explanation. I called them, and they refused to explain why they were doing this. I'm sure you think this is the craziest thing you ever heard of, and that's exactly what I thought. After all, most banks try to increase their customers, and Axos is trying to get rid of their customers. You can google this issue, and you will find the many other customers whose account Axos has closed for no reason whatsoever. The final blow was this. When they told me they were closing my account, they said in writing that it would close 30 days from the day of their notification, which would have been on April 6. They closed my account on March 19, and 3 of my checks bounced as a result. When I called them to complain that they had broken their word, they refused to do anything at all to remedy the situation. I urge you not to open an account with them, because you may find they do to you what they did to me, and close your account too.