Axos Bank savings account rates
Axos Bank advertises 4.21% APY on its Axos ONE Savings account. The 4.21% applies to balances up to $249,999.99. A larger balance earns 3.50% on the whole amount.
A checking account at the bank is required. That is 3.84 percentage points above the national savings average of 0.37% (FDIC, Sep 2026).
Ranked #32 of 2767 tracked savings rates by advertised APY. For a $10,000 balance it would rank #17. It was #5 three months ago. The bank has cut this rate once in the last 12 months.
Axos Bank at a glance
| Savings | |
|---|---|
| Top savings APY | 4.21% · Axos ONE Savings · up to $249,999.99 only · checking account required |
| Minimum to open | $0 · Axos ONE Savings |
| Against the national average | 3.84 percentage points above the 0.37% FDIC savings average (Sep 2026) |
| FDIC certificate | 35546 · San Diego, CA |
|---|---|
| Website | www.axosbank.com |
| Branches | 3 branches in CA, NV, UT |
| Availability | Nationally available |
Axos Bank savings rates
Personal
How the rate applies
Business
Rates are APY. The national savings average is 0.37% (FDIC, Sep 2026). The top tracked savings rate on Banksparency is 5.50%. Across 60 savings accounts from 59 banks in the Banksparency core savings index, the median advertised rate is 3.66%, and one account in ten advertises 4.16% or more. See the highest savings rates.
Interactive Tool
Calculate Savings for Axos Bank
All calculations are based on APY.
Savings Breakdown
- Interest Earned+$1,654.80(10.6%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$15,654.80
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
What Axos Bank pays on deposits
FDIC call report data
An advertised rate tells you what a new savings account earns today. It cannot tell you how the bank has priced the savings and money market deposits it already holds, over time. This section shows that. The figure is computed from the interest expense and deposit balances that every bank files with the FDIC in the same form. That is what makes it comparable across banks and across quarters.
The two figures answer different questions, so they sit side by side and are not combined. The 4.21% applies to balances up to $249,999.99. A larger balance earns 3.50% on the whole amount.
In Q2 2026, Axos Bank paid a higher average rate on savings and money market deposits than 91% of banks that reported a figure (FDIC call report). The all-bank median was 1.45%.
- Axos Bank, savings and money market
- All-bank median
How to read these figures
What the average covers. It is an average across the whole bank, taken from its own quarterly FDIC call report. It covers savings accounts and money market deposit accounts, personal and business, at every balance tier. It also covers accounts that were opened years ago and keep the rate of those years. The FDIC line does not separate consumer accounts.
The second figure. The scale row also shows the average across all interest-bearing deposits: savings, interest checking, money market accounts, CDs, personal and business. That figure covers the whole deposit book. The two are shown separately and are not combined.
What the advertised rate covers. It is the rate that this bank advertises now for a new savings account. Banksparency records it from the bank's website on the date shown beside it.
Why the two differ. They measure different things, so this page shows them side by side and keeps them apart. An advertised rate applies to one account, opened now, at today's price. The average also includes older savings balances at the rates of earlier years, money market balances that were priced in a different rate environment, and business accounts. An average below an advertised rate is the usual result of that arithmetic. On its own it is not evidence about the account that you would open.
What the average is useful for. The bank files the data itself, under reporting instructions that are the same for every filer, and the same computation runs for every bank on this site. That makes it comparable in a way that an advertisement is not. Two things on this page read it: the percentile, which shows where the quarter sits among all filers, and the chart, which shows the direction the figure has moved across quarters.
What the average cannot tell you. It cannot tell you the rate that you would earn. No single customer earns the average. For your rate, read the advertised rate above and the rate tables on this page, each with the date it was observed.
What to do next. Use the advertised rate to work out what a new account earns. Use the chart to see how the quarterly average has moved against the all-bank median. Then compare the advertised rate against the current rates on the savings-rate tables before you open an account.
Definitions: Call Report · Rate Paid on Deposits · Interest-Bearing Deposits · Front Book and Back Book · Deposit Rate Percentile
Average annualized rates paid on savings and money market deposits, and on all interest-bearing deposits, quarterly. The FDIC line for savings includes money market deposit accounts and business savings deposits and does not separate consumer accounts. Source: FDIC call report data, as reported; it may be amended. The percentile compares all FDIC filers, count-weighted. A missing quarter is suppressed, never interpolated. The percentile counts the banks that paid strictly less on savings and money market deposits, one vote per bank, among the banks that reported a figure for the quarter.
So what is the catch?
| Product | APY | Min to open | Min to earn | Balance cap | Monthly fee | Requirements | Rate type | 12-mo trend |
|---|---|---|---|---|---|---|---|---|
| Personal | ||||||||
| Axos ONE Savings | 4.21% | $0 | $0 | $249,999.99 | $0 | Checking account | Tiered | |
| Fine print: The APY is available with the Axos ONE savings and checking bundle. The checking account also earns interest. To qualify, you must either set up a direct deposit of $1,500 and maintain an average daily balance of more than $1,500 in your ONE Checking account, or receive at least $5,000 in total monthly qualifying deposits and maintain an average daily balance of more than $5,000. | ||||||||
| Summit Savings | 4.01% | $0 | $0 | None | $0 | None | One rate | |
| First Savings | 0.25% | $0 | $0 | None | not stated | not stated | One rate | |
| Business | ||||||||
| Business Premium Savings | 3.50% | $0 | $0 | None | not stated | not stated | One rate | |
Rate type: one rate applies at every balance. A tiered rate changes with your balance. A promotional rate changes after the period shown. A balance cap is the largest balance the highest rate applies to.
The 12-month trend shows the highest advertised rate observed each day and includes promotional tiers where one applied.
Opening and using the account
| Availability | Nationally available |
|---|---|
| Footprint | 3 branches in CA, NV, UT |
| App Store rating | 4.7 out of 5 |
| Google Play rating | 4.6 out of 5 |
| Eligibility | not stated |
How Axos Bank behaves over time
- 12-month high
- 4.51%
- 12-month low
- 4.21%
- Advertised now
- 4.21%
- 0.30 percentage points below the 12-month high
- Observed cuts, 12 months
- 1
- In a window with 2 Federal Reserve cuts
The advertised Axos ONE Savings rate, observed through Oct 5, 2026. The series includes promotional tiers where one applied.
Recent rate changes, as observed
- Obs. Oct 2, 2026Summit SavingsRaise:3.75%to4.01%
- Obs. Aug 10, 2026Business Premium SavingsCut:3.60%to3.50%
- Obs. Feb 2, 2026Axos ONE SavingsCut:4.31%to4.21%
- Axos ONE Savings
- The same as 90 days ago.
At the top advertised rates we observed for Axos Bank's Axos ONE Savings, $10,000 would have grown to about $10,427 over the past year. Prices rose 3.4% in the year to August 2026 (Consumer Price Index (CPI)). So it buys as much as $10,084 did a year ago. The series includes promotional tiers where one applied. See how the federal funds rate shapes savings rates.
- Axos ONE Savings APY
- Banksparency savings index
- Consumer price index, year over year
- Fed rate cut
Who is Axos Bank?
| Headquarters | San Diego, CA |
|---|---|
| Founded | 2000 |
| Scale | $28.9B assets · $24.8B deposits, $20.9B of it interest-bearing (Q2 2026, FDIC) |
| Deposit insurance | FDIC insured · Certificate 35546 |
| BBB rating | A+ · BBB Accredited |
| Affiliation | Holding company of Axos Financial, Inc. (NYSE: AX) |
| Affiliated institution | UFB Direct |
| Charter state | California · one of 115 insured banks chartered there (Q2 2026, FDIC) |
| Size | 71st-largest by deposits of 4,238 insured banks (Q2 2026, FDIC) |
| Deposit growth | Higher than at 92% of 4,226 insured banks over the four quarters to Q2 2026 (FDIC) |
Financial detail is in What Axos Bank pays on deposits above.
Common questions about Axos Bank
Is Axos Bank FDIC insured?
Yes. Axos Bank is FDIC insured under certificate 35546, so deposits are covered up to $250,000 per depositor, per ownership category.
What is the minimum deposit at Axos Bank?
Axos Bank requires no minimum deposit to open its Axos ONE Savings account, as observed on Oct 5, 2026. Check the bank's current terms before you open an account.
Does the 4.21% apply to my whole balance?
The 4.21% applies to balances up to $249,999.99. A larger balance earns 3.50% on the whole amount. A checking account at the bank is required. Rates are as observed on Oct 5, 2026.
Does Axos Bank have branches?
Yes. Axos Bank operates 3 branches according to FDIC branch records, in addition to its website and mobile apps.
Axos Bank against its closest alternatives
| Bank | Savings APY | Rate paid on savings and money market deposits (Q2 2026) | Min deposit | Branches |
|---|---|---|---|---|
| Axos Bank | 4.21% | 2.77% | $0 | 3 branches in CA, NV, UT |
| EverBank | 4.20% | 3.32% | $0 | 43 branches in CA, FL, MO, NY |
| Happen Bank | 4.20% | 3.54% | $0 | 2 branches in CA, UT |
| Newtek Bank | 4.20% | 4.02% | $100 | 1 branch in FL |
Each savings APY is the top rate of the account the bank's own page leads with. Alternatives are the three tracked banks whose savings APY is closest to Axos Bank's.
Compare Axos Bank with another bank
Each link opens a full comparison page, with the two banks side by side and their current savings rates.
Axos Bank last changed its rate on February 2, 2026, down 10 basis points, while SoFi Bank last changed its rate on September 23, 2026, up 20 basis points.
Axos Bank vs SoFi Bank- Axos Bank vs Ally Bank
Axos Bank last changed its rate on February 2, 2026, down 10 basis points; Capital One last changed its rate on September 25, 2026, up 10 basis points.
Axos Bank vs Capital One- Axos Bank vs CIT Bank
Axos Bank last changed its rate on February 2, 2026, down 10 basis points. Barclays last changed its rate on June 24, 2026, also down 10 basis points.
Axos Bank vs BarclaysAxos Bank last changed its rate on February 2, 2026, down 10 basis points. Marcus by Goldman Sachs last changed its rate on September 18, 2026, up 10 basis points.
Axos Bank vs Marcus by Goldman Sachs
Compare Axos Bank with another bank as a whole
These pages compare more than savings: checking, branches, the other products each bank sells, and their apps.
Similar banks and related pages
Banks in the same rate band with the same product mix:
Other banks chartered in California, nearest to Axos Bank in deposits:
Rate hubs: today's highest savings rates.