Axos Bank: A Pioneering Digital Bank with High-Yield Business Savings Solutions

Axos Bank: A Pioneering Digital Bank with High-Yield Business Savings Solutions


In today’s digital age, banking has evolved to offer customers increased convenience, security, and innovative financial products. Axos Bank, a pioneer in digital banking, provides a range of services and features designed to cater to the unique needs of both personal and business clients. In this article, we will introduce Axos Bank and its offerings, highlighting its advantages and high-yield Business Premium Savings account, which offers an impressive earning potential of up to 3.75% APY.

Axos Bank: A Leader in Digital Banking

Established in 2000, Axos Bank (NYSE:AX, formerly Bank of Internet USA, known as BofI Federal Bank) has earned a reputation as a trailblazer in the digital banking industry. With a focus on delivering customer-centric services and cutting-edge financial products, Axos Bank has consistently pushed the boundaries of what is possible in the world of online banking. As a result, the bank has garnered a loyal customer base and numerous industry accolades.

Easy Account Opening Process

Opening a Business Premium Savings account with Axos Bank is a simple and straightforward process. Businesses can apply online in just a few minutes, providing basic information about their company and its owners. Once the application is approved, businesses can begin enjoying the benefits of their high-yield savings account.

Open a Rewards Checking Account and Get $100 Bonus, Earn up to 3.30% APY

Open a Business Premium Savings Earn up to 3.75% APY

Key Features of Axos Bank

Axos Bank offers a range of features designed to enhance the customer experience, such as 24/7 access to accounts via its user-friendly online platform and mobile app, fee-free access to a nationwide network of ATMs, and personalized customer support. Additionally, the bank prioritizes security, employing advanced encryption and fraud prevention measures to protect customer information and funds.

Comprehensive Financial Services

Axos Bank provides a wide array of financial services to cater to the diverse needs of its clients. For personal banking customers, the bank offers checking and savings accounts, CDs, mortgages, personal loans, and investment services. For business clients, Axos Bank provides business checking and savings accounts, commercial lending, treasury management, and payment processing solutions.

Advantages of Banking with Axos Bank

One of the key advantages of banking with Axos Bank is its commitment to offering competitive interest rates on its financial products. The bank’s digital model allows for lower overhead costs, enabling it to pass on the savings to its customers in the form of better rates. Additionally, the bank’s focus on innovation and customer service ensures a seamless and enjoyable banking experience.

High-Yield Business Premium Savings Account

Axos Bank’s Business Premium Savings account is designed to help businesses maximize their savings potential. With a competitive APY of up to 3.75%, this account allows businesses to earn impressive returns on their deposits while enjoying the flexibility and convenience of an online savings account.

Features of the Business Premium Savings Account

The Business Premium Savings account comes with a range of features designed to meet the unique needs of businesses, including no monthly maintenance fees, no minimum balance requirements, and free access to Axos Bank’s user-friendly online banking platform and mobile app. Additionally, the account is FDIC-insured, providing businesses with the security and peace of mind they need.

Axos Bank’s Commitment to Customer Service

Axos Bank prides itself on providing exceptional customer service to its clients. The bank’s dedicated team of financial professionals is available to assist customers with any questions or concerns they may have. With a focus on personalized support, Axos Bank aims to build lasting relationships with its clients and help them achieve their financial goals.

Ideal for Businesses Seeking High-Yield Savings Solutions

The Business Premium Savings account is an ideal option for businesses looking to grow their savings while enjoying the convenience and flexibility of online banking. With its competitive interest rate and range of features, this account offers businesses an attractive solution for managing their funds and maximizing their earnings potential.

In Conclusion: Axos Bank, A Premier Choice for Modern Banking

Axos Bank has established itself as a leading digital bank that offers a comprehensive range of financial services and products tailored to the needs of both personal and business clients. Its dedication to innovation, competitive interest rates, and outstanding customer service make it a top choice for those seeking a reliable and forward-thinking banking partner.

The high-yield Business Premium Savings account, with its impressive APY of up to 3.75%, is a prime example of Axos Bank’s commitment to offering valuable financial solutions to its customers. Businesses seeking to maximize their savings potential while enjoying the convenience and flexibility of online banking will find the Business Premium Savings account to be an excellent option.

In conclusion, Axos Bank provides a seamless and rewarding banking experience for its customers. With its cutting-edge financial products, including the high-yield Business Premium Savings account, Axos Bank proves to be a premier choice for modern banking. Explore their offerings today and discover how Axos Bank can help you achieve your financial goals.

Axos Bank History

In October 2011, Bank of Internet USA changed its name to BofI Federal Bank. However, BofI Federal Bank continued to use the Bank of Internet USA brand for its online consumer direct banking. The goal of Bank of Internet USA remained to provide banking services more cost-effectively by eliminating the overhead costs of branches. According to Andrew Micheletti, CFO and VP of BofI Holding, Inc., “We are taking advantage of the Internet for both efficiency in the back office and efficiency in the distribution and delivery of banking products.”

In April 2014, the bank purchased the bank unit of H&R Block. In 2018, the bank became the exclusive provider of H&R Block’s refund anticipation loans.

Axos has been a supporter of the United States Navy SEAL Family Foundation since 2014.

From 2013 to the end of 2015, Bank of Internet USA saw a 327% growth in the number of savings deposits. Part of that growth may be attributed to Bank of Internet acquiring a portion of H&R Block’s banking business in 2014, including 300,000 individual retirement accounts (IRAs).

In March 2018, the bank launched BOFI Realtor (Axos Realtor), a free mobile app that allows realtors to track the status of their clients’ mortgages through the bank.

In April 2018, Axos Bank purchased the Chapter 7 business of the legal services company Epiq Systems Inc. This made Axos the second-largest company in the Chapter 7 bankruptcy and fiduciary services field.

In July 2018, the bank provided a $40 million loan for a synagogue conversion on the Upper West Side. The bank’s services “have appealed to middle-market investors and luxury rental developers in Brooklyn’s ultra-Orthodox communities,” according to The Real Deal New York Real Estate News.

In 2018, the bank issued a $57 million construction loan to Bridgeton Holdings to complete its conversion of a Tribeca office building into the Walker Hotel.

In August 2018, Axos Bank’s partnership with Nationwide began when Axos Financial announced its intention to acquire approximately $3 billion in deposits and 40,000 customers from Nationwide Bank. The acquisition received regulatory approval in September 2018 and was completed in November 2018. The two companies have an agreement to market to each other’s customers.

In 2018, Bank of Internet USA provided Dr. Kanodia, a plastic surgeon, with a $180 million loan for his Spec house.

On October 1, 2018, BofI Federal Bank re-branded as Axos Bank, and switched its stock exchange from NASDAQ to the NYSE.

In October 2018, BofI Federal Bank official rebranded to Axos Bank.

In November 2018, Axos completed its acquisition of approximately $3 billion deposits and 40,000 customers from Nationwide Bank. Axos and Nationwide then entered into a joint-marketing relationship.

In December 2018, Axos signed an agreement to acquire the deposits of MWABank. The transaction closed in March 2019.

In July 2021, Axos announced net income of $215.7 million, up 20% year-over-year.

In February of 2022, Axos gave former President Donald Trump’s company, The Trump Organization, a loan for $100 million to refinance the Trump Tower despite lacking solid financial reports after its accounting firm declined to back 10 years of financial statements that they produced for The Trump Organization.,This article is an original creation by If you wish to repost or share, please include an attribution to the source and provide a link to the original article.Post Link:

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