Axos Bank

Last Updated: 6/20/2025

Note: Interest rates below are reported as APY, or Annual Percentage Yield

Quick Views

Axos ONE: 4.66% APY(Rank 3 out of 74 tracked HYSAs)

Minimum Deposit: $0 | Bundled Savings & Checking Account | Online Only | Direct Deposit: Min. $1,500/month to ONE Checking.

High Yield Savings: 0.61% APY(Rank 79 out of 87 savings accounts)

Minimum Deposit: $0 | Online Only

National Savings Interest Rate: 0.42% (as of 5/19/2025)

Note: The FDIC tracks savings and CD rates nationally, but it does not report APY, only the average interest rate.

(Source: FDIC)

Bank Overview

Location: San Diego, California

Founded: 2000

Affiliation: Holding company of Axos Financial, Inc. (NYSE: AX)

Access to Branches: None

BBB Rating: A+ (BBB Accredited)

App Store Rating: 4.7/5

Google Play Rating: 4.4/5

Website: Visit Axos Bank

Our Take on Axos Bank

Highlights

  • Offers 4.66% APY with Axos ONE account.
  • No maintenance fees for any accounts.
  • A+ BBB rating and accredited status.
  • High App Store rating of 4.7.

Considerations

  • Direct deposit of $1,500/month required for Axos ONE APY.
  • High Yield Savings only offers 0.61% APY.
  • No physical branches available.
  • Google Play rating is lower at 4.4.
Summary: Axos Bank provides a competitive 4.66% APY through its Axos ONE account, although it requires a direct deposit of $1,500 per month. The bank has no maintenance fees and boasts an A+ BBB rating, indicating strong trustworthiness. However, its High Yield Savings account offers a lower 0.61% APY, and the absence of physical branches may deter some customers. Overall, it appeals to online-savvy savers looking for high yields.

Savings Accounts

Savings Accounts Offered by Axos Bank

FeatureAxos ONEHigh Yield Savings
APY
4.66% (as of 6/20/2025)0.61% (as of 6/20/2025)
APY TrendStable for the last monthStable for the last month
Minimum Deposit$0$0
Minimum Balance for APY$0$0
FDIC-insured
YesYes
Online OnlyYesYes
Bundled Account
YesNo
Direct Deposit Required
Yes. Min. $1,500/month to ONE Checking.No
Compound Frequency
DailyDaily
Maintenance Fee$0$0
EligibilityUnited StatesUnited States
NoteThis APY is only available in the Axos ONE savings and checking bundle. Must maintain $1,500 on avg. daily balance in ONE Checking for APY.N/A

No deposit agreement summary available for this bank.

Calculate Savings for Axos Bank

All calculations are based on APY.
Deposit Frequency:

Total savings breakdown:

  • Interest earned: $5 (4.76%)
  • Total contributions: $0 (0.00%)
  • Initial deposit: $100 (95.24%)

Your total balance

$105.00

Effective APY: 4.66% (based on your deposit and contributions)

The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.

Axos Bank Savings Rates Over Time

Historical APY Insights

MetricHigh Yield SavingsAxos ONE
Latest APY0.61 %4.66 %
TrendSidewaysFalling
Slope (bps/mo)0.0-5.1
Rate Changes / Mo0.000.16
Days Since Last Change16481
High (-6 m)0.61 %4.86 %
Low (-6 m)0.61 %4.66 %
Draw-down from High0.0 %-4.1 %
Volatility (CV)0.0000.021
APY Insights Glossary
Latest APY
Most recent advertised annual-percentage yield.
Trend
Direction over the last 6 months (regression slope).
Slope (bps/mo)
Average monthly change; 10 bps = 0.10 pp.
Rate Changes / Mo
Typical number of APY moves per month.
Days Since Last Change
Recency of the latest APY adjustment.
High (-6 m)
Highest APY in the last 186 days.
Low (-6 m)
Lowest APY in the last 186 days.
Draw-down from High
How far today sits below the 6-month peak.
Volatility (CV)
Coefficient of variation = stdev ÷ mean.
Why Track Savings-Account APYs?
  • See how quickly a bank reacts to Fed moves or competition.
  • Gauge “twitchiness” - frequent moves can annoy savers.
  • Spot if you're buying near a peak (draw-down) or riding a rise.
  • Slope (bps/mo) shows speed of change.
  • Volatility (CV) scales jumps by average level.

Compare Axos Bank's Savings Accounts

  • Affirm - 3.85% APY
  • All America Bank - 1.50-3.25% APY
  • Ally Bank - 3.50% APY
  • Amalgamated Bank - 2.25% APY
  • American Express - 3.60% APY
  • Bank5 Connect - 4.05% APY
  • Bank of America - 0.01% APY
  • Barclays - 3.90-4.10% APY
  • Bask Bank - 4.20% APY
  • Betterment - 4.00% APY
  • BMO Alto - 3.60% APY
  • Bread Savings - 4.30% APY
  • BrioDirect - 4.30% APY
  • Capital One - 3.60% APY
  • Carver Bank - 4.00% APY
  • Charles Schwab Bank - 0.15% APY
  • Chase Bank - 0.01% APY
  • Chime - 1.25-3.75% APY
  • CIBC Bank USA - 4.11% APY
  • CIT Bank - 0.25-4.00% APY
  • Citibank - 3.60% APY
  • Citizens Access™ - 3.70% APY
  • Colorado Federal Savings Bank - 4.25% APY
  • ConnectOne Bank - 4.00% APY
  • Customers Bank - 4.23% APY
  • Discover Bank - 3.60% APY
  • E*TRADE from Morgan Stanley - 4.00% APY
  • EverBank - 4.30% APY
  • Evergreen Bank Group - 4.25% APY
  • First Foundation Bank - 4.25% APY
  • Fitness Bank - 5.00% APY
  • Flagstar Bank - 4.00% APY
  • Forbright Bank - 4.25% APY
  • FVCbank - 4.35% APY
  • High Plains Bank - 0.23-3.82% APY
  • Jenius Bank - 4.20% APY
  • LendingClub - 3.40-4.40% APY
  • Live Oak Bank - 4.10% APY
  • Marcus by Goldman Sachs - 3.65% APY
  • My Banking Direct - 4.30% APY
  • MySavingsDirect - 3.75% APY
  • Neighbors Bank - 4.60% APY
  • Newtek Bank - 4.35% APY
  • OMB Bank - 1.00% APY
  • Openbank - 4.30% APY
  • Peak Bank - 4.44% APY
  • Pibank - 4.60% APY
  • PNC - 3.95% APY
  • Poppy Bank - 4.25% APY
  • Popular Direct - 4.05% APY
  • Presidential Bank - 4.00-4.50% APY
  • Prime Alliance Bank - 4.05% APY
  • Primis Bank - 4.35% APY
  • Quontic Bank - 3.85% APY
  • RBMAX - 4.15% APY
  • Rising Bank - 4.30% APY
  • ROGER - 4.65% APY
  • Salem Five Direct - 4.01% APY
  • Sallie Mae Bank - 3.90% APY
  • Santander Bank - 0.03% APY
  • SoFi Bank - 3.80% APY
  • Synchrony Bank - 3.80% APY
  • TAB Bank - 4.26% APY
  • TD Bank - 0.05-3.00% APY
  • The State Exchange Bank - 1.90% APY
  • TIMBR - 4.40% APY
  • UFB Direct - 4.01-4.21% APY
  • Upgrade - 4.02% APY
  • Valley Direct - 4.20% APY
  • Varo Bank - 2.50-5.00% APY
  • Western Alliance Bank - 4.30% APY
  • Zynlo Bank - 4.35% APY
FeatureAxos BankSelect a bank...
ProductN/A
APY
4.66% (as of 6/20/2025)N/A
Bundled Account
YesN/A
FDIC-insured
YesN/A
Online OnlyYesN/A
Compound Frequency
DailyN/A
Minimum Deposit$0N/A
Minimum Balance for APY$0N/A
Maintenance Fee$0N/A
Direct Deposit Required
Yes. Min. $1,500/month to ONE Checking.N/A
NoteThis APY is only available in the Axos ONE savings and checking bundle. Must maintain $1,500 on avg. daily balance in ONE Checking for APY.N/A

Bank-to-Bank Comparisons

Compare Axos Bank's APY of 4.66% with other banks