Ally Bank vs. Axos Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
Ally Bank
Savings Account
3.30%APYDec 6, 2025FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Ally Bank
Savings Account
Axos Bank
Axos ONE
4.31%APYDec 6, 2025FDIC InsuredChecking BundleNo MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Axos Bank
Axos ONE
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.
Comparison Analysis
Comparing Ally Bank vs. Axos Bank
Why Ally Bank?
No distinct advantages found vs Axos Bank.
Why Axos Bank?
- ✓Earn 0.51% APY on checking account
- ✓Access to 95,000 fee-free ATMs
- ✓Higher potential APY (4.00%-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. $1077 vs $825/yr).
Best for Simplicity
Axos BankAxos Bank's Summit Savings offers 4.00% 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.
Executive Summary
Axos Bank outperforms Ally Bank with its Axos ONE savings account, offering a competitive APY of 4.31%, significantly higher than Ally's 3.30% APY on its savings account. The Axos ONE account requires a checking account and provides the highest returns when paired with direct deposit or qualifying monthly deposits. For those seeking simplicity, Axos also offers the Summit Savings account at a solid 4.00% APY without any bundling or direct deposit requirements. In contrast, Ally Bank's offerings are straightforward but yield lower returns, making Axos Bank the more attractive option for savers.
Analysis generated based on current Banksparency database records
* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.
Top Market Contenders
See who beats both Ally Bank and Axos Bank.
| Feature | Ally Bank | Axos Bank |
|---|---|---|
| APY | 3.30% Verified: 12/6/2025 ↘︎ 0.20%90d Change | 4.31% Verified: 12/6/2025 ↘︎ 0.15%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 | None |
| Checking Bundle | No | Yes |
| Mobile Apps | iOS4.7 Android4.4 | iOS4.7 Android4.6 |
| 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 | SponsoredOpen Account |
Savings Comparison
Axos Bank earns $648.8 more than Ally Bank.
Ally Bank
Savings Account
Savings Breakdown
- Interest Earned+$1,987.10(9.9%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$19,987.10
Axos Bank
Axos ONE
Savings Breakdown
- Interest Earned+$2,635.90(12.8%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,635.90
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The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Ally Bank | Axos Bank | ||
|---|---|---|---|---|
| Savings Account | High Yield Savings | Summit Savings | Axos ONE | |
Current APY | 3.30% | 0.61% | 4.00% | 4.31% |
Trend | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | -4.3 | -0.0 | 0.0 | -4.2 |
Days Since Change | 36 | 312 | 159 | 4 |
10-Month High | 3.80% | 0.61% | 4.00% | 4.86% |
10-Month Low | 3.30% | 0.61% | 4.00% | 4.31% |
Adjustments / Mo | 0.48 | 0.00 | 0.00 | 0.38 |
Volatility Score | 0.039 | 0.000 | 0.000 | 0.032 |
How to read these metrics(Click to expand)
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