Axos Bank lives up to its reputation as one of the top online banks. ... Rates on its high-yield savings and money market accounts earn Axos a spot on Forbes Advisor's Best Online Savings Accounts and Best Money Market Accounts. Axos also is named one of the Best Online Banks and Best Checking Accounts.
Your business hours are 9:00 a.m. to 5:00 p.m., Pacific Time, each business day. I understand deposits received after 3:00 p.m. will be posted the following business day.
0.61% APY*. No monthly maintenance fees. No minimum balance requirements. Interest compounded daily.
The bank has three branches located in San Diego, California; Las Vegas, Nevada;, and Columbus, Ohio.
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Axos Bank.
| Type | Subsidiary |
|---|---|
| Total equity | $0.960 billion (2018) |
| Number of employees | 801 (2018) |
| Parent | Axos Financial |
| Website | www.axosbank.com |
Money Market Account
The High-Yield Money Market accounts from Axos Bank combine high-yield interest earning with the conveniences of a checking account. An account comes with check writing privileges and a debit card. It earns 0.30% APY regardless of the balance amount.
Top Online Checking Rates
When does a direct deposit hit your account? Direct deposits are posted on business days as soon as the deposit is sent to them by your employer. Typically, they are posted between 12 a.m. and 7 a.m.
With direct deposit, can I get paid on a weekend? Typically, no. Direct deposit processes on business days. So, if your payday falls on the weekend, your bank will usually make the funds available on the Friday before payday or the following Monday (if it's not a federal holiday).
So if you pay employees with direct deposit, you might be wondering, Will direct deposit go through on a holiday? In short, the answer is no. The ACH only processes direct deposit transfers Monday – Friday. This excludes weekends and holidays.
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