Compound Interest Calculator
Savings Account from Axos Bank with 4.21% APY and $1 minimum deposit
Use or Change These Amounts and Rates
The product Savings Account from Axos Bank with 4.21% APY and $1 minimum deposit and a tax rate of 30 compounded annually, with an initial amount of $20,000, after 10 years would have grown your savings to approximately $30,208. The interest earned would be $10,208 and the tax amount on the interest earned would be approximately $3,062.
Please note that this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.
The Results for Axos Bank
Savings Boost of
$6,815 over 10 years
$6,815 over 10 years
Cash Savings
$20,000
Average Interest Earned
$331
Axos Bank Interest Earned
$7,146
See comparison detail table
This analysis is for demonstrative purposes only and may change should certain assumptions prove incorrect. Savings rates may change and CD rates may not be renewable for the length of the term of the analysis. The difference between the bank rate entered and the average rate may not remain constant throughout the term.
Comparison Detail Table Close X
Average Rate Scenario
| Rate: 0.23% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 47 | 33 |
| 2 | 20,047 | 47 | 33 |
| 3 | 20,094 | 47 | 33 |
| 4 | 20,141 | 47 | 33 |
| 5 | 20,188 | 47 | 33 |
| 6 | 20,235 | 47 | 33 |
| 7 | 20,282 | 47 | 33 |
| 8 | 20,330 | 48 | 33 |
| 9 | 20,377 | 48 | 33 |
| 10 | 20,425 | 48 | 33 |
| TOTAL: | $473 | $331 |
Axos Bank Scenario
| Rate: 4.21% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 842 | 589 |
| 2 | 20,842 | 877 | 614 |
| 3 | 21,719 | 914 | 640 |
| 4 | 22,634 | 953 | 667 |
| 5 | 23,587 | 993 | 695 |
| 6 | 24,580 | 1,035 | 724 |
| 7 | 25,615 | 1,078 | 755 |
| 8 | 26,693 | 1,124 | 787 |
| 9 | 27,817 | 1,171 | 820 |
| 10 | 28,988 | 1,220 | 854 |
| TOTAL: | $10,208 | $7,146 |
Get rate alerts on the go. Download our BestCashCow App.
Take Action
The accounts below offer some of the best rates in the country can be opened online, and are available nationally. As the calculator shows, changing accounts to earn a higher interest rate can really add up over time.
Recent Rate Changes
| Date | APY |
|---|---|
| May 27, 2026 | 4.21% |
Featured CD Rates
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.50% |
$1,500 |
Learn More | |
|
Last change: ↑0.25% on August 10. |
||||
|
|
4.50% |
$10,000 |
Learn More | |
|
Last change: ↑0.65% on August 6. |
||||
|
|
4.50% |
$10,000 |
Learn More | |
|
Last change: ↑1.20% on August 6. |
||||
|
|
4.50% |
$10,000 |
Learn More | |
|
Last change: ↑1.20% on August 6. |
||||
|
|
4.45% |
$500 |
Learn More | |
|
Last change: ↑0.40% on April 27. |
||||
Customer Reviews for Axos Bank (7)
1.0 out of 5 based on 6 ratings
JR48
December 21, 2022 |
Stay away from this bait and switch bank that uses teaser rates. They lowered my interest rate twice in the first 2 months of opening my account. They said they had the right to change their rate at any time.
Is this review helpful? Yes:9 / No: 1
Fred1
December 16, 2022 | | Replies 1
By far the absolute worst bank ever. Think of the worst banking experience ever and multiply it by ten. They turned off access to my business accounts on a Thursday, before a busy weekend for my company and it was impossible to resolve it. I sent 8 hours on Friday starting at 8am trying to resolve it. Long waits times to finally reach an Indian call center with staff that was so hard to understand I could comprehend about 20% of what they said. No supervisor is ever available, so don't even try that. The call center employees get frustrated that I cannot understand them and THEY disconnect the call. Rinse and repeat. I beg you to find another bank. No bank at all would be better than this outfit.
Is this review helpful? Yes:11 / No: 0
Fred1 | Dec 16, 2022
*spent 8 hours
cautious
October 29, 2022 |
Caveat Emptor! Like others, attracted to their competitive rates. Moved 125K into their MMA from my credit union. They have a system that somehow displays account information from other institutions to be a portal for easy monitoring your activity. There is no option to opt out. There are only two options for contacting them, their virtual assistant EVO or, even worse, an extremely loud call center in India staffed by apparently 12-year-olds in their third week of ESL (English as a second language) classes. Be prepared for being called by your first name prefixed by Mr./Mrs. (Mr. Joe, Mr. Jack, Mrs. Sarah, Miss Mary, etc.). Have never felt less secure with any bank. Regret my decision but transferring high dollar deposits with any of these "online only" banks is a royal PITA so will closely watch these folks for the first sign of instability. Do not anticipate a lengthy relationship.
Is this review helpful? Yes:16 / No: 0
james
September 14, 2022 |
you need open new account once interest going up, keep in mind your savings account only go down never go up unless you open new account.
Is this review helpful? Yes:9 / No: 0
Puffin
December 28, 2021 |
I made a deposit and issued a check which arrived and they bounced it although they claimed the deposit cleared which left us spending Christmas pennyless. We depended on that money to buy ourselves food so our dinner was left overs. Customers are a pain in the butt to them and their attitude attests to this.
Is this review helpful? Yes:10 / No: 3
Add Your Review
or use your Google account
or use your BestCashCow account