Axos Bank
Last Updated: 7/1/2025
Note: Interest rates below are reported as APY, or Annual Percentage YieldQuick Views
Axos ONE: 4.66% APY(Rank 3 out of 76 tracked HYSAs)
Minimum Deposit: $0 | Bundled Savings & Checking Account | Online Only | Direct Deposit: Not required, but is the easiest way to earn the highest APY.
Summit Savings: 4.00% APY(Rank 45 out of 76 tracked HYSAs)
Minimum Deposit: $0 | Online Only
High Yield Savings: 0.61% APY(Rank 80 out of 88 savings accounts)
Minimum Deposit: $0 | Online Only
National Savings Interest Rate: 0.38% (as of 6/16/2025)
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: 4.5/5
Website: Visit Axos Bank
Our Take on Axos Bank
Highlights
- Axos Bank offers an APY of 4.66% with the Axos ONE account.
- No maintenance fees on all savings accounts.
- High App Store rating of 4.7 and Google Play rating of 4.5.
- BBB rating of A+ and BBB Accredited.
Considerations
- No physical branches available.
- Direct deposit is required to earn the highest APY on Axos ONE.
- Current APY for High Yield Savings is only 0.61%.
- Limited account options with only online access.
Summary: Axos Bank provides competitive APYs, particularly with the Axos ONE account at 4.66%, although direct deposit is necessary to qualify. All accounts have no maintenance fees and the bank boasts strong BBB ratings. However, it lacks physical branches, which may be a drawback for some savers. The High Yield Savings account offers a lower APY of 0.61%, making it less appealing compared to the Axos ONE option.
Savings Accounts
Savings Accounts Offered by Axos Bank
| Feature | High Yield Savings | Summit Savings | Axos ONE |
|---|---|---|---|
| APY | 0.61% (as of 7/1/2025) | 4.00% (as of 7/1/2025) | 4.66% (as of 7/1/2025) |
| APY Trend | Stable for the last month | Stable for the last month | |
| Minimum Deposit | $0 | $0 | $0 |
| Minimum Balance for APY | $0 | $0 | $0 |
| FDIC-insured | Yes | Yes | Yes |
| Online Only | Yes | Yes | Yes |
| Bundled Account | No | No | Yes |
| Direct Deposit Required | No | No | No. Not required, but is the easiest way to earn the highest APY. |
| Compound Frequency | Daily | Daily | Daily |
| Maintenance Fee | $0 | $0 | $0 |
| Eligibility | United States | United States | United States |
| Note | N/A | N/A | This APY is only available with the Axos ONE savings and checking bundle. 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. |
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
| Metric | High Yield Savings | Axos ONE |
|---|---|---|
| Latest APY | 0.61 % | 4.66 % |
| Trend | Sideways | Sideways |
| Slope (bps/mo) | 0.0 | -4.9 |
| Rate Changes / Mo | 0.00 | 0.15 |
| Days Since Last Change | 174 | 91 |
| High (-6 m) | 0.61 % | 4.86 % |
| Low (-6 m) | 0.61 % | 4.66 % |
| Draw-down from High | 0.0 % | -4.1 % |
| Volatility (CV) | 0.000 | 0.021 |
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 196 days.
- Low (-6 m)
- Lowest APY in the last 196 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 - 3.50% 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
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- Discover Bank - 3.50% APY
- E*TRADE from Morgan Stanley - 4.00% APY
- EverBank - 4.30% APY
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- First Foundation Bank - 4.25% APY
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- 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
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- OMB Bank - 1.00% APY
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- RBMAX - 4.15% APY
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- 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 - 4.15% 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
| Feature | Axos Bank | Select a bank... |
|---|---|---|
| Product | N/A | |
| APY | 4.66% (as of 7/1/2025) | N/A |
| Bundled Account | Yes | N/A |
| FDIC-insured | Yes | N/A |
| Online Only | Yes | N/A |
| Compound Frequency | Daily | N/A |
| Minimum Deposit | $0 | N/A |
| Minimum Balance for APY | $0 | N/A |
| Maintenance Fee | $0 | N/A |
| Direct Deposit Required | No | N/A |
| Note | This APY is only available with the Axos ONE savings and checking bundle. 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. | N/A |
Bank-to-Bank Comparisons
Compare Axos Bank's APY of 4.66% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| Axos Bank vs Ally Bank | 3.50% | $0 |
| Axos Bank vs American Express | 3.60% | $0 |
| Axos Bank vs Bank of America | 0.01% | $100 |
| Axos Bank vs Barclays | 4.10% | $0 |
| Axos Bank vs Capital One | 3.50% | $0 |
| Axos Bank vs Chase Bank | 0.01% | $0 |
| Axos Bank vs Chime | 3.75% | $0 |
| Axos Bank vs CIT Bank | 4.00% | $100 |
| Axos Bank vs Discover Bank | 3.50% | $0 |
| Axos Bank vs Fitness Bank | 5.00% | $100 |
| Axos Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| Axos Bank vs SoFi Bank | 3.80% | $0 |
| Axos Bank vs Synchrony Bank | 3.80% | $0 |
| Axos Bank vs Varo Bank | 5.00% | $0 |