Kudos has partnered with CardRatings and Red Ventures for our coverage of credit card products. Kudos, CardRatings, and Red Ventures may receive a commission from card issuers. Kudos may receive commission from card issuers. Some of the card offers that appear on Kudos are from advertisers and may impact how and where card products appear on the site. Kudos tries to include as many card companies and offers as we are aware of, including offers from issuers that don't pay us, but we may not cover all card companies or all available card offers. You don't have to use our links, but we're grateful when you do!
Axos ONE® Savings Account Review: High-Yield Savings with Unique Rewards (2025)
July 1, 2025
Looking for a high-yield savings account that rewards you for good financial habits? The Axos ONE® Savings account might be exactly what you need. This comprehensive review breaks down everything you need to know about this innovative savings product.
What Is Axos ONE® Savings?
Axos ONE® Savings is a high-yield savings account that offers up to 5.00% APY when you meet certain monthly requirements. Unlike traditional savings accounts, this account uses a tiered reward system that encourages positive financial behaviors like consistent saving and maintaining a healthy account balance.
The account stands out for its:
- $0 monthly maintenance fees
- $250 minimum opening deposit
- Up to 5.00% APY on balances up to $25,000
- FDIC insurance up to $250,000
- No maximum balance limits
Axos ONE® Savings Pros & Cons
Let's examine the advantages and disadvantages of this savings account to help you make an informed decision.
Pros:
- Competitive APY up to 5.00%
- No monthly maintenance fees
- User-friendly mobile app
- No maximum balance restrictions
- Digital-first banking experience
- Early direct deposit availability
- Free incoming wire transfers
Cons:
- Must meet specific requirements to earn the highest APY
- $250 minimum opening deposit required
- No physical branch locations
- Limited ATM access
- Higher rates only apply to balances up to $25,000
Who Is The Axos ONE® Savings Account For?
The Axos ONE® Savings account is particularly well-suited for:
- Digital-savvy savers who prefer online banking
- Those who can maintain regular monthly deposits
- Individuals looking to earn competitive interest rates
- Customers who want to avoid monthly fees
- People comfortable with meeting specific requirements to maximize earnings
This account especially appeals to those who want to build better saving habits while earning competitive returns. The tiered reward structure motivates consistent saving behavior, making it an excellent choice for individuals working toward specific financial goals.
Comparing The Axos ONE® Savings With Other High-Yield Savings Accounts
To provide context, let's compare Axos ONE® Savings with other popular high-yield savings options:
Axos ONE® Savings Vs. Ally Online Savings
- Axos offers higher potential APY (5.00% vs. 4.35%)
- Ally has no minimum deposit requirement
- Both offer robust mobile banking features
Axos ONE® Savings Vs. Marcus By Goldman Sachs
- Axos has a tiered reward structure
- Marcus offers a simpler earning structure
- Both provide FDIC insurance
- Marcus has no minimum deposit requirement
Axos ONE® Savings Vs. Capital One 360 Performance Savings
- Axos offers higher maximum APY
- Capital One provides physical branch access
- Both have user-friendly mobile apps
- Capital One has no minimum deposit requirement
Consider Using Kudos To Maximize Your Savings
While building your savings with Axos ONE® Savings, you can accelerate your wealth-building journey by maximizing credit card rewards on your everyday purchases. Kudos, a free AI-powered browser extension, helps you automatically select the best credit card for each purchase, ensuring you never miss out on rewards.
With Kudos, you can:
- Get personalized credit card recommendations for every purchase
- Shop at over 15,000 supported stores
- Multiply your rewards up to 5X during Flash Boost events
- Discover new credit cards that match your spending habits
Currently, Kudos is offering $20 back after your first eligible purchase — just sign up for free with code "GET20" and make a purchase at a Boost merchant.
Our Expert Takeaway
The Axos ONE® Savings account stands out as an excellent choice for digital-savvy savers who want to earn competitive rates while developing better financial habits. The innovative reward structure, combined with no monthly fees and a robust digital banking experience, makes it a compelling option in today's high-yield savings market.
Axos ONE® Savings FAQ
How do I earn the maximum 5.00% APY?
To earn the highest rate, you'll need to:
- Maintain a daily balance of $25,000 or less
- Receive monthly deposits of $1,500 or more
- Make no withdrawals during the month
Is Axos ONE® Savings FDIC insured?
Yes, all Axos Bank accounts, including the ONE® Savings account, are FDIC insured up to $250,000 per depositor.
Can I open an Axos ONE® Savings account jointly?
Yes, Axos allows joint account ownership for the ONE® Savings account.
Are there any monthly fees?
No, the Axos ONE® Savings account has no monthly maintenance fees.
How do I access my money?
You can access your funds through:
- Online transfers
- Mobile app transfers
- Wire transfers
- ACH transfers
Unlock your extra benefits when you become a Kudos member
Turn your online shopping into even more rewards
Join over 400,000 members simplifying their finances
Editorial Disclosure: Opinions expressed here are those of Kudos alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.
.webp)
.webp)
.webp)
