Core Points - The Axos ONE® Checking account has a base APY of 0.00% and the Axos ONE® Savings account has a base APY of up to 1.00% [2] - Promotional APY is available for both accounts if specific criteria are met during the Qualification Period, which runs from the first business day of the month to the 25th [3] - To qualify for the promotional APY, the Axos ONE® Checking account must meet either of two sets of requirements related to direct deposits and average daily balance [7] Qualification Criteria - Option 1 requires monthly qualifying direct deposits of at least $1,500 and an average daily balance of at least $1,500 [7] - Option 2 requires monthly qualifying deposits of at least $5,000 and an average daily balance of at least $5,000 [7] - If the requirements are met, the Axos ONE® Checking account earns a promotional rate of 0.51% APY and the Axos ONE® Savings account can earn up to 4.31% APY for that statement cycle [7] Account Status - Both accounts must be open and active on the 25th of the month and on the date interest is paid to qualify for the promotional APY [6] - If either account closes during the Qualification Period, neither account will be eligible for the promotional APY for that cycle [6] Deposit Types - Qualifying deposits include ACH transfers, inbound wire transfers, and check deposits, while internal transfers and interest payments do not qualify [5][4]

Core Points - The Axos ONE® Checking account has a base APY of 0.00% and the Axos ONE® Savings account has a base APY of up to 1.00% [2] - Promotional APY is available for both accounts if specific criteria are met during the Qualification Period [3][6] - The promotional APY for the Axos ONE® Checking account can reach up to 0.51% and for the Axos ONE® Savings account up to 4.31% when requirements are satisfied [6] Qualification Criteria - To qualify for the promotional APY, the Axos ONE® Checking account must receive monthly qualifying direct deposits of at least $1,500 or maintain an average daily balance of at least $1,500 [6] - Alternatively, the account can qualify by receiving monthly qualifying deposits of at least $5,000 or maintaining an average daily balance of at least $5,000 [6] - Both accounts must remain open and active on the 25th of the month to receive the promotional APY for that statement cycle [7] Deposit Types - Qualifying deposits include ACH transfers from external accounts, inbound wire transfers, and check deposits [5] - Direct deposits must be electronic deposits of paychecks or government benefits; other types of deposits do not qualify [4] - Internal transfers, interest payments, promotional bonuses, and refunds are not considered qualifying deposits [5]

Core Insights - The national average savings account interest rate is currently 0.4%, a significant increase from 0.06% three years ago [2] - Some high-yield savings accounts are offering rates as high as 4% APY, with the highest available rate being 4.3% APY from SoFi [2][3] Summary of Savings Interest Rates - The national average savings account rate is 0.4% as reported by the FDIC, which is low compared to other investment options [2] - The best savings rates available today can reach up to 4% APY or higher, indicating a competitive market for savings accounts [2] Interest Earnings Example - A deposit of $1,000 at the average interest rate of 0.4% would yield a total of $1,004.01 after one year, resulting in $4.01 in interest [4] - In contrast, a high-yield savings account with a 4% APY would grow the same $1,000 deposit to $1,040.81, earning $40.81 in interest over the same period [4] Impact of Deposit Amount - Increasing the deposit amount significantly affects the interest earned; for example, a $10,000 deposit in a high-yield savings account at 4% APY would result in a total balance of $10,408.08 after one year, earning $408.08 in interest [5]

Core Insights - The national average savings account interest rate is currently 0.4%, a significant increase from 0.06% three years ago [2] - Some high-yield savings accounts are offering rates as high as 4% APY, with the highest available rate being 4.3% APY from SoFi [2][3] Summary of Savings Interest Rates - The national average savings account rate is 0.4% as reported by the FDIC, which is low compared to other investment options [2] - The best savings rates available today can reach up to 4% APY or higher, indicating a competitive market for high-yield savings accounts [2] Interest Earnings Example - A deposit of $1,000 at the average interest rate of 0.4% would yield a total of $1,004.01 after one year, resulting in $4.01 in interest [4] - In contrast, a high-yield savings account with a 4% APY would grow the same $1,000 deposit to $1,040.81, earning $40.81 in interest over the same period [4] Impact of Deposit Amount - Increasing the deposit amount significantly affects the interest earned; for example, a $10,000 deposit in a high-yield savings account at 4% APY would result in a total balance of $10,408.08 after one year, earning $408.08 in interest [5]

Group 1 - Traditional savings accounts have an average annual percentage yield (APY) of only 0.40%, resulting in minimal interest earnings, such as $80 per year on a $20,000 balance [1] - High-yield savings accounts (HYSAs) are currently offering APYs of 3.60% or higher, which can significantly increase interest earnings to $720 per year on the same $20,000 balance [2] - HYSAs can provide hundreds more in interest annually compared to traditional savings accounts, making them a more attractive option for savers [3]

Overview of Savings Interest Rates - The national average savings account rate is currently 0.4%, a significant increase from 0.06% three years ago [2] - Some of the best savings rates available today exceed 4% APY, with the highest being 4.3% APY offered by SoFi [2][3] Interest Earnings from Savings Accounts - The interest earned from a savings account is determined by the annual percentage rate (APY) and the frequency of compounding, which is typically daily [3] - For an average interest rate of 0.4%, a $1,000 deposit would yield $4.01 in interest after one year, resulting in a total balance of $1,004.01 [4] - In contrast, a high-yield savings account with a 4% APY would grow a $1,000 deposit to $1,040.81, earning $40.81 in interest over the same period [4] Impact of Deposit Amount on Interest Earnings - The potential earnings increase with larger deposits; for example, a $10,000 deposit in a high-yield savings account at 4% APY would result in a total balance of $10,408.08 after one year, earning $408.08 in interest [5]

Core Points - The Axos ONE® Checking account has a base APY of 0.00%, while the Axos ONE® Savings account offers a base APY of up to 1.00% [3] - Promotional APY rates are available for both accounts if specific criteria are met during the Qualification Period [3][4] - The promotional APY for the Checking account can reach 0.51% and for the Savings account up to 4.51% if qualifying conditions are satisfied [8] Qualification Criteria - Two options are provided to qualify for the promotional APY on the Axos ONE® Checking account, which include meeting minimum direct deposit or average daily balance requirements [8] - Qualifying deposits must come from specific sources such as ACH transfers, inbound wire transfers, or check deposits, while internal transfers and other types of deposits do not qualify [6] - Both accounts must remain open and active on the 25th of the month to be eligible for the promotional APY for that statement cycle [7]

Overview of Savings Interest Rates - The national average savings account rate is currently 0.4%, a significant increase from 0.06% three years ago [2] - Despite the low national average, some top savings accounts are offering rates as high as 4% APY and above [2] Best Available Rates - As of November 9, 2025, the highest savings account rate available is 4.5% APY, offered by SoFi [3] - The interest earned from a savings account is determined by the annual percentage rate (APY), which accounts for the base interest rate and compounding frequency [3] Interest Earnings Examples - A $1,000 deposit at the average interest rate of 0.4% would yield a total of $1,004.01 after one year, resulting in $4.01 in interest [4] - In contrast, a $1,000 deposit in a high-yield savings account at 4% APY would grow to $1,040.81, earning $40.81 in interest over the same period [4] - For a $10,000 deposit in a high-yield savings account at 4% APY, the total balance after one year would be $10,408.08, resulting in $408.08 in interest [5]

Core Insights - The Federal Reserve has cut its target rate three times in 2024 and recently made its first cut in 2025, leading to a decline in deposit rates, including money market account (MMA) rates [1] - The national average MMA rate is currently at 0.59%, but some top accounts are offering rates of 4% APY and higher, prompting a recommendation to open accounts to take advantage of these rates [2] - Interest earned from a money market account is determined by the annual percentage rate (APY), which reflects total earnings after one year, considering the base interest rate and compounding frequency [3] Summary of Money Market Account Rates - The average MMA rate is 0.59%, while high-yield accounts can offer rates of 4% APY or more, indicating a significant opportunity for higher earnings [2] - For a $1,000 deposit at 0.59% APY with daily compounding, the balance after one year would be $1,005.92, whereas a 4% APY would grow the balance to $1,040.81, showcasing the impact of higher rates on earnings [4] - A $10,000 deposit in a 4% APY MMA would yield a total balance of $10,408.08 after one year, resulting in $408.08 in interest, further emphasizing the benefits of higher deposit amounts [5]