Axos Bank: Savings Accounts & Rates

Savings rates updated: 8/22/2025

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: 4.46% APY(Rank 9 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 47 out of 94 savings accounts)

Minimum Deposit: $0 | Online Only

High Yield Savings: 0.61% APY(Rank 85 out of 94 savings accounts)

Minimum Deposit: $0 | Online Only

Offered by the affiliated UFB Direct:

UFB Checking and Savings Bundle: 4.01% - 4.21% APY(Rank 27 out of 81 tracked HYSAs)

Minimum Deposit: $5000 | Online Only

UFB Portfolio Savings: 4.01% APY(Rank 46 out of 94 savings accounts)

Minimum Deposit: $0 | Online Only

National Savings Interest Rate: 0.38% (as of 7/21/2025)

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

  • Highest APY of 4.46% with Axos ONE account
  • No maintenance fees across all accounts
  • A+ BBB rating and accredited status
  • App Store rating of 4.7, Google Play rating of 4.4

Considerations

  • APY decreased from 4.66% to 4.46% in 30 days
  • No physical branches available
  • Direct deposit required for highest APY in Axos ONE
  • Lowest APY is only 0.61% with High Yield Savings
Summary: Axos Bank offers competitive high-yield savings options, with the Axos ONE account providing a 4.46% APY, though this is down from 4.66% recently. All accounts have no maintenance fees, and the bank holds an A+ BBB rating. However, it lacks physical branches and requires direct deposits for the highest APY. For savers, the Summit Savings account offers a steady 4% APY, while the High Yield Savings account has a lower 0.61% APY.

Savings Accounts: In-Depth View

Savings Accounts Offered by Axos Bank

FeatureAxos ONE Summit Savings High Yield Savings
APY
4.46% (as of 8/22/2025)4.00% (as of 8/22/2025)0.61% (as of 8/22/2025)
APY Trend-0.20% MoMStable for the last quarterStable for the last quarter
Minimum Deposit$0$0$0
Minimum Balance for APY$0$0$0
FDIC-insured
YesYesYes
Online OnlyYesYesYes
Bundled Account
YesNoNo
Direct Deposit Required
No. Not required, but is the easiest way to earn the highest APY.NoNo
Compound Frequency
DailyDailyDaily
Maintenance Fee$0$0$0
EligibilityUnited StatesUnited StatesUnited States
NoteThis 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/AN/A
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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: $1,758.7 (11.16%)
  • Total contributions: $13,000 (82.49%)
  • Initial deposit: $1,000 (6.35%)

Your total balance

$15,758.70

Effective APY: 4.46% (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 SavingsSummit SavingsAxos ONE
Latest APY0.61 %4.00 %4.46 %
TrendSidewaysSidewaysSideways
Slope (bps/mo)-0.00.0-4.9
Rate Changes / Mo0.000.000.24
Days Since Last Change2265321
High (-8 m)0.61 %4.00 %4.86 %
Low (-8 m)0.61 %4.00 %4.46 %
Draw-down from High0.0 %0.0 %-8.2 %
Volatility (CV)0.0000.0000.027
APY Insights Glossary
Latest APY
Most recent advertised annual-percentage yield.
Trend
Direction over the last 8 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 (-8 m)
Highest APY in the last 248 days.
Low (-8 m)
Lowest APY in the last 248 days.
Draw-down from High
How far today sits below the 8-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 - 3.50% 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 - 4.20% APY
  • Betterment - 4.00% APY
  • BMO Alto - 3.50% APY
  • Bread Savings - 4.25% 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 - 4.02% APY
  • CIT Bank - 0.25-4.00% APY
  • Citibank - 3.50% APY
  • Citizens Access™ - 3.50% APY
  • Colorado Federal Savings Bank - 4.15% APY
  • ConnectOne Bank - 4.00% APY
  • Customers Bank - 4.23% APY
  • Discover Bank - 3.50% APY
  • Elevault - 4.60% 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 - 4.85% APY
  • Flagstar Bank - 4.00% APY
  • FNBO Direct - 3.25% APY
  • Forbright Bank - 4.25% APY
  • FVCbank - 4.35% 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 - 4.10% 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 - 4.20% APY
  • Peak Bank - 4.35% 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 - 4.20% APY
  • Quontic Bank - 3.75% APY
  • RBMAX - 4.15% APY
  • Rising Bank - 4.30% APY
  • ROGER - 4.12% APY
  • Salem Five Direct - 4.01% APY
  • Sallie Mae Bank - 3.90% APY
  • Santander Bank - 0.03% APY
  • SoFi Bank - 3.80-3.80% APY
  • Synchrony Bank - 3.80% APY
  • TAB Bank - 4.15% APY
  • TD Bank - 0.05-3.00% APY
  • The State Exchange Bank - 3.05% APY
  • TIMBR - 4.40% APY
  • UFB Direct - 4.01-4.21% APY
  • Upgrade - 4.02% APY
  • Valley Direct - 4.30% APY
  • Varo Bank - 2.50-5.00% APY
  • Wells Fargo - 0.05-2.51% APY
  • Western Alliance Bank - 4.30% APY
  • Zynlo Bank - 4.35% APY
FeatureAxos BankSelect a bank...
ProductN/A
APY
4.46% (as of 8/22/2025)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
NoN/A
NoteThis 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
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Bank-to-Bank Comparisons

Compare Axos Bank's APY of 4.46% with other banks

Alternatives to Axos Bank

Banks with Higher/Similar Savings APY

For a top list of the highest savings rates, see all HYSA top rates

GO2bank

High Yield Savings: 4.50% APY

Minimum Deposit: $0

Online Only

Elevault

High Yield Savings Account: 4.60% APY

Minimum Deposit: $0

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Newtek Bank

Personal High Yield Savings: 4.35% APY

Minimum Deposit: $0

Online Only

Peak Bank

Envision High Yield Savings: 4.35% APY

Minimum Deposit: $100

Online Only

Presidential Bank

Advantage Savings: 4.50% APY

Bundled Savings & Checking Account

Minimum Deposit: $5,000

Direct Deposit: To earn the higher APY you need a monthly direct deposit into an Advantage Checking Account of $500.

Western Alliance Bank

High-Yield Savings Premier: 4.30% APY

Minimum Deposit: $500

Online Only

Rising Bank

High-Yield Savings Account: 4.30% APY

Minimum Deposit: $1,000

Online Only

Valley Direct

High-Yield Savings Account: 4.30% APY

Minimum Deposit: $1000

Online Only

Eligible States: Limited (see details)

FVCbank

Advantage Direct Savings: 4.35% APY

Minimum Deposit: $500

Online Only

Neighbors Bank

Neighbors Savings Account: 4.60% APY

Minimum Deposit: $0

Eligible States: Limited (see details)

Zynlo Bank

Tomorrow Savings Account: 4.35% APY

Minimum Deposit: $10

Online Only

TIMBR

Premium Savings Account: 4.40% APY

Minimum Deposit: $1,000

Online Only