Ally Bank vs. Axos Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Ally BankSavings Account Jan 21, 2026 | Axos BankAxos ONE Jan 21, 2026 |
|---|---|---|
| APY | 3.30% | 4.31% |
Est. Earnings | $5,000+$165 $10,000+$330 $25,000+$825 | $5,000+$216 $10,000+$431 $25,000+$1,078 |
Min Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | - | The 4.31% 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. |
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® Supported | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppChecking Bundle |
Prefer In-Person Banking?
Both of these banks are online-only. If you need physical branch access, check out our list of high-yield accounts with brick-and-mortar locations.
As of Ally Bank offers an APY of 3.30% for its Savings Account, with a minimum balance of $0, compared to Axos Bank's 4.31% APY for its Axos ONE account, with a minimum balance of $0.
Axos Bank pays $101 more than Ally Bank on a $10,000 balance after one year. Ally Bank pays $330, while Axos Bank pays $431 - an APY advantage for Axos Bank.
In addition, Axos Bank also offers 3.75% APY for the Summit Savings account, with a minimum balance of $0.
Why Ally Bank?
- ✓Fast transfers via Zelle® (up to $5,000 a day)
Why Axos Bank?
- ✓Earn 0.51% APY on checking account
- ✓Access to 95,000 fee-free ATMs
- ✓Higher potential APY (3.75%-4.31% vs 3.30%) on all balances
- ✓Offers 2 different high-yield savings options
— Key Feature Differences —
Better Returns at $10,000
Axos BankAxos Bank's Axos ONE earns more on smaller deposits (approx. $431 vs $330/yr).
Better Returns at $25,000
Axos BankAxos Bank's Axos ONE pulls ahead with larger amounts (approx. $1078 vs $825/yr).
Best for Simplicity
Axos BankAxos Bank's Summit Savings offers 3.75% APY with no bundling, direct deposit requirement or caps.
Best for All-in-One Banking
Axos BankAxos Bank's Axos ONE pays a superior APY for customers who also open a checking account.
Shared Benefits
Over a 1-year period, Axos Bank's Axos ONE pays $101 more interest on a $10,000 balance than Ally Bank's Savings Account.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
Axos Bank offers a superior APY of 4.31% with its Axos ONE account, which requires a checking account and either a direct deposit of $1,500 or $5,000 in monthly qualifying deposits to qualify. This product is ideal for those looking for higher returns, especially with larger deposits. In contrast, Ally Bank provides a straightforward online savings account with a competitive APY of 3.30%, requiring no minimum deposit or direct deposit. While Ally's account is simpler, it does not match the returns offered by Axos Bank's Axos ONE. For those seeking a no-strings-attached option, Axos Bank's Summit Savings at 3.75% APY is also available without any bundling or direct deposit requirements.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
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Ally Bank vs. Axos Bank Savings Calculator
You earn $101 more with Axos Bank than Ally Bank on a $10,000 initial deposit for 1 year*.
*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.
Ally Bank
Savings Account
Savings Breakdown
- Interest Earned+$330.00(3.2%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,330.00
Axos Bank
Axos ONE
Savings Breakdown
- Interest Earned+$431.00(4.1%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,431.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Ally Bank | Axos Bank |
|---|---|---|
| APY | 3.30% Verified: 1/21/2026 ↘︎ 0.10%90d Change | 4.31% Verified: 1/21/2026 ↘︎ 0.20%90d Change |
| Product Name | Savings Account | Axos ONE |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | Not required, but is the easiest way to earn the highest APY. |
| Checking Bundle | No | Yes |
| Mobile Apps | iOS4.7 Android4.4 | iOS4.7 Android4.5 |
| Zelle® Support | Available Limit: $5,000/dayBenchmark for online Zelle; high limits. | Not Supported |
| BBB Rating | A+ | A+ |
| Important Notes | - | The 4.31% 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 | Visit SiteVerify at Ally Bank Non-sponsored link to official site | Visit SiteGo to Axos Bank * Secure link to our partner |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Ally Bank | Axos Bank | ||
|---|---|---|---|---|
| Savings Account | Summit Savings | Axos ONE | High Yield Savings | |
Current APY | 3.30% | 3.75% | 4.31% | 0.61% |
Trend | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | -4.1 | -3.8 | -4.6 | -0.0 |
Days Since Change | 82 | 41 | 50 | 358 |
12-Month High | 3.80% | 4.00% | 4.86% | 0.61% |
12-Month Low | 3.30% | 3.75% | 4.31% | 0.61% |
Adjustments / Mo | 0.42 | 0.08 | 0.34 | 0.00 |
Volatility Score | 0.043 | 0.027 | 0.038 | 0.000 |
How to read these metrics(Click to expand)
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