Axos Bank review: Earn high interest rates and use a great rewards checking account - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Axos Bank pays high rates on savings, checking, and money market accounts — but you can find better CD rates elsewhere

, but you will earn cash back when you make a purchase with your debit card. You'll earn 1% cash back on up to $3,000 in purchases. One type of rewards account isn't necessarily better than the other — it depends on what you want out of a checking account, and whether you make purchases with your debit card.

Your choice between Axos and Discover could also come down to whether you can afford the minimum deposits. Discover doesn't require any money to open a savings or checking account, while Axos does. But Discover requires $2,500 to open a CD or money market account, and Axos only asks for $1,000.If you're looking for a high APY on your savings, then Axos is the way to go. But if you're looking for a rewards checking account, then your choice will come down to which is the best fit.

Banking with Radius can be a good way to get the best of both worlds with your checking account: interest and cash back. But if you care more about earning interest, then you might prefer Axos, which is currently offering a significantly higher interest rate. Axos also compounds interest daily, but Radius only compounds it monthly.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How much investment banking associates earn in salaries and bonuses - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Your shi* paywall blocks the news. Why bother tweeting news twitter users can't see?! 😡 Hopefully a lot. The hours are grueling and the service becoming a commodity. But our Interest rates keep falling and falling
Source: BusinessInsider - 🏆 729. / 51 Read more »

Synchrony Bank pays high interest rates on CDs, but you'll need a $2,000 minimum deposit - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

3 things to do with extra cash if you're earning more than you need - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

How to write a great letter of introduction to expand your professional network - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Today's best mortgage and refinance rates: Friday, October 2, 2020 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Are your sure we are not heading towards NEGATIVE Interest Rate's ? Germany & Japan experience conveys otherwise🤠 Watch out with patience, we are still not👉out of woods After so much pain its best to wait and watch to unfold future development in coming days, months, years low monthly payments but over the life of the loan how much more are you paying than 10 or 15 years? please paint the full picture.
Source: BusinessInsider - 🏆 729. / 51 Read more »

16 tips on what to do before, during, and after your remote performance review - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »