This is the simple reality of corporate America and it is definitely not missed on Axos. PTO accrual was generous. Sign up now for the Robo-Advisor Comparison Chart. Let’s start by finding out what Axos Bank is. However, this will of course depend on your individual creditworthiness. Axos Financial (AX) is a publicly traded financial company that provides consumer and business banking products including checking, savings and lending solutions. In order to keep your personal information safe, Axos Bank also utilizes SSL encryption, as well as anti-virus and malware protection software. This isn’t a huge negative, as there are other robos like Axos that lack live advice. In fact, there’s not another platform like Axos Invest. Answer a few questions, link your accounts, transfer money, and start investing. In fact, the vast majority of hallmark institutions are still unable to offer interest rates anywhere the 1% mark. Required fields are marked *. Management, low compensation, reallllllly high employee turnover. Finally, when it comes to hidden fees or charges, you’ll have no issues with Axos Bank. All content is posted anonymously by employees working at Axos Bank. Although this can of course be frustrating, Axos Bank are very clear on the terms. Disclosure: I have an account with Axos Invest. It’s rarely found in other comparable digital investing platforms. While we are on the subject of fees, there is no cost to open the account, nor will you be charged a monthly maintenance fee. Read employee reviews and ratings on Glassdoor to decide if Axos Bank is right for you. However, one of the main concerns echoed by customers of Axos Bank is with respect to its checking account APY rates. 0.24% - based upon AUM for account balances over $500, Vanguard, iShares and SPDR ETFs (exchange traded funds). 2. When it comes to earning interest on your money, this is potentially the main selling point to the Axos Bank Rewards Checking account. This average management fee is quite low. The Axos robo-advisor uses bank-level security. Stay informed and protect your business against #cybersecurity threats this October during National CyberSecurity Awareness month. Although Axos Bank offers a number of different checking accounts, its hallmark offering is its Rewards Checking account. In summary, Axos Bank is arguably an excellent alternative to mainstream banks. If you’re the type of person that likes to bank on-the-move, then you’ll be pleased to know that Axos Bank can be accessed via a native mobile app. -HQ in good location It’s all use and abuse. college education or buying a jet ski. So now that we’ve covered what Axos Bank is, in the next section of our review we are going to unravel its accounts in more detail. Retirement accounts - Roth IRAs, Traditional IRAs, SEP-IRAs and retirement fund rollovers. Retirement accounts including: Roth IRAs, traditional IRAs, SEP-IRAs & retirement fund rollovers. Moreover, and perhaps most importantly, the Axos Bank Checking Rewards account comes with a highly competitive APY rate of 1.25%. Your trust is our top concern, so companies can't alter or remove reviews. Next, Simon answered a few basic questions: birthday, annual income, and net worth. *This article contains affiliate links to help pay for this website. Nevertheless, viewing your preliminary offer will have no impact on your credit score. Are you sure you want to replace it? -Significant lack of discussion regarding diversity, no mention of BLM or how to get involved in the community. In terms of the fundamentals, you’ll need to invest a minimum of $1,000 to open a CD account. In summary, Axos Bank is arguably an excellent alternative to mainstream banks. Limited account types – no joint accounts. Axos Clearing LLC is a Pennsylvania Foreign Limited-Liability Company filed on January 22, 2004. As is standard with most US institutions, the rates of interest offered on Axos Bank CD accounts are determined by how long you are happy to keep your cash locked away for. If you don’t, then the 1% offering reverts down to 0.5%. This is significantly higher than the vast majority of checking accounts in the market at present, so it’s well worth considering making the seamless switch. We hold the old-fashioned belief that hard work and success can't be separated. We've taken steps in recent years to improve opportunities for professional advancement within our organization. First and foremost, your checking account will of course come with a conventional debit card. That said, our team members are bold and disruptive, and their incredible contributions have allowed us to grow quickly over the years. As we noted earlier, all checking, savings, and CD accounts offered by Axos Bank are covered by the FDIC insurance scheme. Compare: M1 Finance vs. Vanguard Robo-Advisor – Should I Pay for a Robo-Advisor? I have been working at Axos Bank full-time for more than a year, Young professionals, coworkers and middle management are great.