Axos Bank: Savings Accounts & Rates
Mission: Banksparency aims to make Axos Bank's savings accounts transparent and comparable to the market.
Analysis of Axos Bank
Our verdict
Axos Bank offers Axos ONE, a high-yield savings account paying 4.21% APY with no minimum deposit.
At 4.21% APY, Axos Bank pays 11x the national average (0.39%). Ranks in the top tier of 98+ accounts tracked.
Axos Bank also offers Summit Savings at 3.75% APY — a simpler option that doesn't require a linked checking account.
Ideal User Profile
- Best for: keeping checking and savings at one bank, banking without needing a branch, and managing money from your phone.
Important Considerations
Key Differentiators
- Stands out with top-rated iOS app (4.7), highly-rated Android app (4.6), A+ BBB rating.
Savings Overview
Axos ONE
Summit Savings
Looking for Simplicity?
Don't want a checking bundle? We track many high-yield banks that offer competitive rates without checking requirements.
Also see affiliated bank: UFB Direct
View productsBank Overview
- HQ LocationSan Diego, California
- Founded2000
- AffiliationHolding company of Axos Financial, Inc. (NYSE: AX)
- Ratings & Trust
- Zelle® SupportNo SupportStandard ACH or Wire transfers only.
- Deposit InsuranceFDIC Insured(Cert: 35546)
Top Market Contenders
Savings Accounts: In-Depth View
Savings Accounts Offered by Axos Bank
| Feature | Axos ONE | Summit Savings |
|---|---|---|
APY | 4.21%Verified: 4/7/2026 | 3.75%Verified: 4/7/2026 |
APY Trend | Rate Adjusted -0.10% Since 90 days ago | Very StableNo rate changes in last 90 days |
Min. Deposit | $0 | $0 |
Min. Balance | $0 | $0 |
Monthly Fee | $0 | $0 |
Direct Deposit | Optionalbut is the easiest way to earn the highest APY. | None |
Checking Bundle | Yes | No |
Branch Access | None | None |
Compounding | Daily | Daily |
FDIC Insured | Yes | Yes |
Eligibility | United States | United States |
Important | The 4.21% APY is available with the Axos ONE savings and checking bundle. The checking account earns 0.51% APY. 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. | - |
| Next Steps | - |
Calculate Savings for Axos Bank
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.
Axos Bank Savings Rates Over Time
Historical APY Insights
Last 12 Months| Metric | Summit Savings | Axos ONE | High Yield Savings |
|---|---|---|---|
Latest APY | 3.75% | 4.21% | 0.61% |
Trend | Sideways | Sideways | Sideways |
Slope (bps/mo) | -4.0 | -4.5 | 0.0 |
Rate Changes / Mo | 0.08 | 0.33 | 0.00 |
Days Since Last Change | 117 | 66 | 365 |
High (-12m) | 4.00% | 4.66% | 0.61% |
Low (-12m) | 3.75% | 4.21% | 0.61% |
Draw-down | -6.3% | -9.7% | 0.0% |
Volatility (CV) | 0.032 | 0.038 | 0.000 |
How to read these metrics▼
Trends & Velocity
- Trend
- The general direction of the rate over the analyzed period. Useful for spotting if a bank is currently aggressive or pulling back.
- Slope (bps/mo)
- Speed of change. A high positive number means they raise rates quickly. 10 bps = 0.10%.
- Rate Changes / Mo
- "Twitchiness." High frequency means the rate changes constantly; low frequency means it's stable.
Risk & Range
- High/Low
- The absolute ceiling and floor of the rate during the 365-day window.
- Volatility Score
- Lower is better for predictability. It indicates how wildly the rate swings relative to its average.
- Days Since Change
- If this number is high (e.g., >90), the rate is very sticky. If low, it changed recently.
Why track this? Understanding volatility helps you avoid "bait-and-switch" rates. A steady, rising slope is ideal; high volatility often signals a temporary teaser rate.
Compare with Axos Bank
| Feature | Current View Axos Bank | Empty Slot |
|---|---|---|
| Product | - | |
APY | 4.21%Verified: 4/7/2026 | - |
APY Trend | Rate Adjusted -0.10% Since 90 days ago | - |
| Min. Deposit | $0 | - |
| Monthly Fee | $0 | - |
Direct Deposit | No | - |
Checking Bundle | Yes | - |
| Branch Access | None | - |
| Eligibility | United States | - |
Compounding | Daily | - |
FDIC Insured | Yes | - |
| Note | The 4.21% APY is available with the Axos ONE savings and checking bundle. The checking account earns 0.51% APY. 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. | - |
| Next Steps | - |
Bank-to-Bank Comparisons
Compare Axos Bank's APY of 4.21% with other banks
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Banks with Higher/Similar Savings APY
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