Axos ONE Savings 2026: Up to 4.21% APY, No Fees — Conditions Apply

Axos ONE, Axos Bank’s combined checking + savings product, has offered up to 4.21% APY on its savings component when monthly qualifying conditions are met. There is no monthly fee and no minimum opening deposit — but unlike a simple unconditional HYSA, the top rate depends on meeting direct deposit and balance thresholds each month. Confirm the current rate and exact requirements directly at axosbank.com before opening or relying on any figure below — both the rate and the conditions can change.

Bottom line: Axos ONE has paid up to 4.21% APY (on balances up to $249,999.99; 3.50% above that) when qualifying conditions are met, dropping to a lower base rate (historically around 1.00% APY) if you don’t qualify in a given month. $0 monthly fee. Confirm today’s rate before opening.

Axos ONE at a Glance

How to Qualify for the Top Rate

Axos has described two separate ways to qualify for the top savings APY tier on Axos ONE:

1. $1,500+ in monthly direct deposits while maintaining an average daily balance of at least $1,500 in the linked checking account, or
2. $5,000+ in monthly direct deposits while maintaining an average daily balance of at least $5,000

Qualifying direct deposits typically need to clear by a set cutoff date each month and generally include paychecks or government benefit payments — ordinary transfers between your own accounts usually do not count. Confirm the current exact thresholds, cutoff date, and which deposit types qualify directly at axosbank.com, since Axos has changed these terms before and may do so again.

If you don’t meet either qualifying path in a given month, the rate drops to a lower base rate (Axos has cited around 1.00% APY) rather than the top tier — it does not trigger a fee.

What the Top Rate Means in Practice (Illustrative)

If you qualify for the top rate, here is what it could mean on different balances — these are illustrative calculations, not a guarantee, and you should confirm the current rate before relying on them:

Fees and ATM Access

Axos ONE carries no monthly service fee and no opening deposit requirement. Axos has described a large fee-free ATM network for eligible debit cardholders (through Allpoint and MoneyPass) — confirm the current network size and terms directly with Axos, since network partnerships and sizes can change.

Axos ONE vs. Other Online Savings Options

Before choosing between Axos ONE and another online bank’s savings account, compare each bank’s current advertised APY, any qualifying conditions, and fee terms directly on their own sites. Axos ONE’s structure — a high top rate contingent on monthly activity, versus a lower unconditional rate — is different from banks that pay one flat rate to everyone regardless of activity. Decide which structure fits your situation: if your direct deposits reliably clear the threshold each month, Axos ONE’s top rate can be very competitive; if your income is irregular, an unconditional-rate HYSA elsewhere may be more predictable.

Opening an Axos ONE Account

1. Go to axosbank.com and select Axos ONE
2. Provide your Social Security number, government-issued ID, and a funding source
3. Fund the account (confirm current minimum, if any)
4. Set up direct deposit using Axos’s routing number (122287251) if you want to pursue the top rate tier
5. Confirm in the app or online banking portal which qualifying tier you’re on each statement cycle

Related articles:

• Axos Bank review
• Axos checking account
• Axos Bank fees 2026
• Best high-yield savings accounts

Written by WealthVieu

WealthVieu researches and writes data-driven personal finance guides using primary sources including the IRS, Bureau of Labor Statistics, Federal Reserve, and Census Bureau.