Axos Bank: Savings Accounts & Rates

Savings rates updated: 10/6/2025

Mission statement: Banksparency aims to make Axos Bank's savings accounts transparent and comparable to those of other banks. Learn more about Banksparency.

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

We earn a commission if you open an account through some links on this page.

Savings Overview

Axos ONE: 4.51% APY(Rank 5 of the 20 Best Savings Rates)

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 38 out of 97 savings accounts)

Minimum Deposit: $0 | Online Only

High Yield Savings: 0.61% APY(Rank 87 out of 97 savings accounts)

Minimum Deposit: $0 | Online Only

Offered by the affiliated UFB Direct:

UFB Checking and Savings Bundle: 3.76% - 3.96% APY(Rank 42 out of 83 tracked HYSAs)

Minimum Deposit: $5000 | Online Only

UFB Portfolio Savings: 3.76% APY(Rank 58 out of 97 savings accounts)

Minimum Deposit: $0 | Online Only

National Savings Interest Rate: 0.4% (as of 9/15/2025)

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

Deposit Insurance: FDIC Cert # 35546

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

Highest APY of 4.51% with Axos ONE account
No maintenance fees on any accounts
A+ BBB rating and accredited
High App Store rating of 4.7

Considerations

Direct deposit of $1,500 required for highest APY
Only online banking available, no physical branches
Lower APY of 0.61% for High Yield Savings account
Google Play rating of 4.5 is lower than App Store

Summary: Axos Bank offers competitive savings options, including the Axos ONE account with a 4.51% APY, up from 4.46% last month. All accounts have no maintenance fees, and the bank holds an A+ BBB rating. However, to earn the highest APY, a direct deposit of $1,500 is necessary. With no physical branches and only online banking, it may not suit everyone. The High Yield Savings account offers a significantly lower APY of 0.61%.

Savings Accounts: In-Depth View

Savings Accounts Offered by Axos Bank

Feature	Axos ONE	Summit Savings	High Yield Savings
APY	4.51% (as of 10/6/2025)	4.00% (as of 10/6/2025)	0.61% (as of 10/6/2025)
APY Trend	+0.05% WoW/-0.15% QoQ	Stable for the last quarter	Stable for the last quarter
Minimum Deposit	$0	$0	$0
Minimum Balance for APY	$0	$0	$0
FDIC-insured	Yes	Yes	Yes
Online Only	Yes	Yes	Yes
Bundled Account	Yes	No	No
Direct Deposit Required	No. Not required, but is the easiest way to earn the highest APY.	No	No
Compound Frequency	Daily	Daily	Daily
Maintenance Fee	$0	$0	$0
Eligibility	United States	United States	United States
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	N/A
Sponsored Link	LEARN MORE at Axos Bank, Member FDIC
No deposit agreement summary available for this bank.

Calculate Savings for Axos Bank

All calculations are based on APY.

Choose savings account:

Initial Deposit:

Recurring Deposit Amount:

Deposit Frequency:

Duration:

Total savings breakdown:

Interest earned: $1,779.6 (11.28%)
Total contributions: $13,000 (82.38%)
Initial deposit: $1,000 (6.34%)

Your total balance

$15,779.60

Effective APY: 4.51% (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	Summit Savings	Axos ONE
Latest APY	0.61 %	4.00 %	4.51 %
Trend	Sideways	Sideways	Falling
Slope (bps/mo)	-0.0	0.0	-5.1
Rate Changes / Mo	0.00	0.00	0.31
Days Since Last Change	271	98	3
High (-10 m)	0.61 %	4.00 %	4.86 %
Low (-10 m)	0.61 %	4.00 %	4.46 %
Draw-down from High	0.0 %	0.0 %	-7.2 %
Volatility (CV)	0.000	0.000	0.032

APY Insights Glossary

Latest APY: Most recent advertised annual-percentage yield.
Trend: Direction over the last 10 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 (-10 m): Highest APY in the last 293 days.
Low (-10 m): Lowest APY in the last 293 days.
Draw-down from High: How far today sits below the 10-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 - 3.60% APY
All America Bank - 1.50-3.25% APY
Ally Bank - 3.40% APY
Amalgamated Bank - 2.25% APY
American Express - 3.50% APY
Ameriprise Bank - 3.15-3.15% APY
Bank5 Connect - 4.05% APY
Bank of America - 0.01% APY
Barclays - 3.90-4.10% APY
Bask Bank - 4.05% APY
Betterment - 3.75% APY
BMO Alto - 3.25% APY
Bread Savings - 4.25% APY
BrioDirect - 4.30% APY
Capital One - 3.40% 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 - 3.92% APY
CIT Bank - 0.25-3.85% APY
Citibank - 3.40% APY
Citizens Access™ - 3.50% APY
Colorado Federal Savings Bank - 4.15% APY
ConnectOne Bank - 3.85% APY
Customers Bank - 3.98% APY
Discover Bank - 3.40% APY
Elevault - 4.34% APY
E*TRADE from Morgan Stanley - 3.75% APY
EverBank - 4.05% APY
Evergreen Bank Group - 4.25% APY
First Foundation Bank - 4.10% APY
Fitness Bank - 4.75% APY
Flagstar Bank - 3.90% APY
FNBO Direct - 3.00% APY
Forbright Bank - 4.25% APY
FVCbank - 4.10% APY
GO2bank - 4.50% APY
High Plains Bank - 0.23-3.82% APY
Jenius Bank - 4.20% APY
LendingClub - 3.20-4.20% APY
Live Oak Bank - 4.00% APY
Marcus by Goldman Sachs - 3.65% APY
MutualOne Bank - 4.07% APY
My Banking Direct - 4.20% APY
MySavingsDirect - 3.75% APY
Neighbors Bank - 4.60% APY
Newtek Bank - 4.35% APY
OMB Bank - 1.00% APY
Openbank - 4.20% APY
Peak Bank - 4.20% APY
Pibank - 4.60% APY
PNC - 3.85% APY
Poppy Bank - 4.25% APY
Popular Direct - 4.05% APY
Presidential Bank - 4.00-4.50% APY
Prime Alliance Bank - 3.90% APY
Primis Bank - 3.85% APY
Quontic Bank - 3.75% APY
RBMAX - 3.90% APY
Rising Bank - 4.10% APY
ROGER - 3.87% APY
Salem Five Direct - 4.01% APY
Sallie Mae Bank - 3.90% APY
Santander Bank - 0.01% APY
SmartyPig - 3.90% APY
SoFi Bank - 4.50% APY
Synchrony Bank - 3.80% APY
TAB Bank - 3.80% APY
TD Bank - 0.05-2.75% APY
The State Exchange Bank - 3.86% APY
TIMBR - 4.40% APY
UFB Direct - 3.76-3.96% APY
Upgrade - 3.42% APY
Valley Direct - 4.10% APY
Varo Bank - 2.50-5.00% APY
Wells Fargo - 0.05-2.51% APY
Western Alliance Bank - 4.10% APY
Zynlo Bank - 4.35% APY

Feature	Axos Bank	Select a bank...
Product		N/A
APY	4.51% (as of 10/6/2025)	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
Sponsored Link	Learn More at Axos Bank, Member FDIC

Bank-to-Bank Comparisons

Compare Axos Bank's APY of 4.51% with other banks

Bank Pair	Competitor APY	Min Deposit
Axos Bank vs Ally Bank	3.40%	$0
Axos Bank vs American Express	3.50%	$0
Axos Bank vs Bank of America	0.01%	$100
Axos Bank vs Barclays	4.10%	$0
Axos Bank vs BrioDirect	4.30%	$5,000
Axos Bank vs Capital One	3.40%	$0
Axos Bank vs Chase Bank	0.01%	$0
Axos Bank vs Chime	3.75%	$0
Axos Bank vs CIT Bank	3.85%	$100
Axos Bank vs Discover Bank	3.40%	$0
Axos Bank vs Elevault	4.34%	$0
Axos Bank vs EverBank	4.05%	$0
Axos Bank vs Fitness Bank	4.75%	$100
Axos Bank vs FVCbank	4.10%	$500
Axos Bank vs GO2bank	4.50%	$0
Axos Bank vs Marcus by Goldman Sachs	3.65%	$0
Axos Bank vs Neighbors Bank	4.60%	$0
Axos Bank vs Newtek Bank	4.35%	$0
Axos Bank vs Peak Bank	4.20%	$100
Axos Bank vs Pibank	4.60%	$0
Axos Bank vs Presidential Bank	4.50%	$5,000
Axos Bank vs Santander Bank	0.01%	$25
Axos Bank vs SoFi Bank	4.50%	$0
Axos Bank vs Synchrony Bank	3.80%	$0
Axos Bank vs TIMBR	4.40%	$1,000
Axos Bank vs Varo Bank	5.00%	$0
Axos Bank vs Wells Fargo	2.51%	$25
Axos Bank vs Zynlo Bank	4.35%	$10