ORLANDO, Fla., Sept. 19, 2019 /PRNewswire-PRWeb/ -- Axiom Bank, N.A. recently announced the introduction of a new savings account for customers with a 2% annual percentage yield. Named "Big Savings," the account offers a competitive rate and there is no minimum deposit or balance required to open.
"As the cost of living increases, many people struggle to set money aside," said Urjit Patel, Executive Vice President of Consumer Banking. "Axiom Bank is committed to helping customers with their short- and long-term savings goals. To begin the process, they simply need a deposit of $25 from a non-Axiom account. Within moments of working alongside an Axiom representative, they can start earning interest."
Consumers can open a "Big Savings" account by visiting one of Axiom Bank's 21 branches.
"We know at least 40% of Americans do not have enough money saved to cover a $400 emergency expense," added Daniel Davis, President and CEO of Axiom Bank. "Our goal is helping hard-working individuals put their money to work for them."
For more information about Axiom Bank and to find the nearest location, visit AxiomBanking.com.
About Axiom Bank
Axiom Bank, a nationally chartered bank headquartered in Central Florida, serves the financial needs of its customers through a wide range of banking solutions and a commitment to exceptional service. The bank has a rich history dating back to 1963. By definition, "axiom" means "a universally recognized truth" – the name exemplifies the bank's principles of truth, trust, value, convenience, and service excellence. Axiom Bank holds the SBA Preferred Lender status, and specializes in commercial loans, treasury management and other merchant services. The bank also offers asset-based lending and invoice factoring through its division, Allied Affiliated Funding. Axiom is constantly working to expand its services and products and provides consumer banking through over 20 branches, primarily in select Walmart Supercenters®, to conveniently serve local communities. Visit http://www.AxiomBanking.com. Member FDIC. Equal Housing Lender.
###
SOURCE Axiom Bank
Share this article