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Axos Business Premium Savings Account

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  • Our Rating 5/5 How our ratings work
  • APYUp to 4.01% More Info

    Earn 4.01% APY* With Business Premium Savings
  • Minimum
    Deposit Required    N/A

The Axos Business Premium Savings account is a great option for businesses that want to extract extra value from their savings. We appreciate that all balances earn the same high interest rate with this account.

Strong Interest Rates for All Balances

The Axos Business Premium Savings Account is a tiered interest rate savings account designed for businesses with the goal of earning interest on their savings. This account offers competitive interest rates on all  balances, as well as no minimum opening deposit or ongoing balance requirements.

To help you decide whether this account is right for your business needs, let’s take a look at its standout features.

Pros

  • Competitive interest rates on all balances
  • No monthly maintenance fee or minimum opening deposit requirement
  • No ongoing balance requirement

Cons

  • No physical branch locations

APY Tiers

The Axos Business Premium Savings Account offers a tiered annual percentage yield (APY) system, but right now all balances earn the same high rate. This means that whether you deposit $200 or $200,000, you'll still be earning 4.01% APY. This makes it easy to recommend the account to businesses both large and small.

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Features

Beyond the strong APY, this account offers and a suite of useful tools designed to help your business grow its savings with ease.

No Minimum Opening Deposit or Daily Balance Requirement

There is no minimum opening deposit or average daily balance requirement for this account. This offers additional flexibility for your business, as you don't need to worry about your ability to maintain a high balance indefinitely to use this account fee-free.

 Remote Deposit From Anywhere

With the Axos Business Premium Savings Account, you can conveniently deposit checks remotely from anywhere with the Axos Bank app, streamlining your banking experience and saving time.

No Monthly Maintenance Fee or Average Daily Balance Requirement

TheAxos Business Premium Savings Account does not charge a monthly maintenance fee, allowing you to maximize your earnings. In fact, outside of some standard fees for uncommon actions – such as fees for returned checks, rush card replacements or stop payments – this account is virtually fee-free.

As previously mentioned, this account also doesn't charge a fee tied to an average daily balance requirement. This is a welcome perk, as it means you won't be penalized if your balance temporarily falls below a certain threshold (outside of not earning interest).

How to Access Your Money

Accessing your money in the Axos Business Premium Savings Account is a simple and convenient process that can be done through the mobile app or online.

Mobile App:

  • Download the Axos All-in-One mobile app on your smartphone or tablet, available for iOS and Android
  • Log in using your account credentials (username and password). If you haven't set up your online access yet, you'll need to register and create a username and password.
  • Once logged in, you can view your account balance, transaction history, make deposits, and transfer funds between your accounts.

Online Banking:

  • Visit the Axos Bank website
  • Log in using your account credentials (username and password). If you haven't set up your online access yet, you'll need to register and create a username and password.
  • After logging in, you can view your account balance, transaction history, transfer funds, view statements, and more.
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The Bottom Line

The Axos Business Premium Savings Account is an excellent choice for businesses who want to earn interest on their savings balances, as it offers competitive interest rates, no fees, and convenient tools for managing your account.

Take Your Savings Farther

Ready to open an account? Start here.

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Disclosures

* The Annual Percentage Yield (APY) is accurate as of  5/16/24. The interest rate and corresponding APY for this account is variable and is set at our discretion.  

This is a tiered variable rate account. Interest rates may change as often as daily without prior notice. Fees may reduce earnings. 

LP

Louie Patterson

Louie Patterson is a Finance Content Manager who specializes in banking topics such as account bonuses and CDs. With over seven years of professional editorial experience, their work has appeared in several publications, including USA Today and Consumer Affairs.