American Express vs Axos Bank
High-Yield Savings Accounts Comparison

Last Updated: June 20, 2025

Summary of American Express vs. Axos Bank

As of June 20, 2025 American Express offers an APY of 3.60% for its High Yield Savings Account account, compared to Axos Bank's 4.66% APY for its Axos ONE account.

Axos Bank yields $106 more than American Express on a $10,000 balance after one year. American Express pays $360, while Axos Bank pays $466 - an APY advantage for Axos Bank.

In addition, Axos Bank also offers 0.61% APY for the High Yield Savings account.

American Express

Strengths

  • American Express offers a competitive APY of 3.60% with no maintenance fees.
  • No minimum deposit or balance requirements for the High Yield Savings Account.
  • High App Store rating of 4.9.

Potential Drawbacks

  • American Express has an F BBB rating and is not BBB Accredited.
  • Lower APY compared to Axos Bank's offerings.
  • Google Play rating of 3.8 is lower than Axos Bank.

Axos Bank

Strengths

  • Axos Bank's High Yield Savings Account has a higher APY of 0.61%.
  • Axos Bank has an A+ BBB rating and is BBB Accredited.
  • Higher Google Play rating of 4.4.

Potential Drawbacks

  • Axos Bank's top APY of 4.66% requires a direct deposit of $1,500/month.
  • Only offers a lower APY of 0.61% for its High Yield Savings Account.
  • Lower App Store rating of 4.7 compared to American Express.
Summary: American Express offers a High Yield Savings Account with a solid APY of 3.60% and no fees, but has a poor BBB rating. In contrast, Axos Bank provides a higher APY of 4.66% with specific deposit requirements and a strong A+ BBB rating. While both banks have no branch presence, Axos Bank's overall offerings are superior in terms of APY and trustworthiness, despite the direct deposit requirement for its highest yield.

Compare American Express' vs Axos Bank's Savings Accounts

American ExpressAxos Bank
ProductHigh Yield Savings AccountvsAxos ONEHigh Yield Savings
APY
3.60% (as of 6/20/2025)4.66% (as of 6/20/2025)0.61% (as of 6/20/2025)
Bundled Account
NoYesNo
FDIC-insured
YesYesYes
Online OnlyYesYesYes
Compound Frequency
DailyDailyDaily
Minimum Deposit$0$0$0
Minimum Balance for APY$0$0$0
Maintenance Fee$0$0$0
Direct Deposit Required
NoYes. Min. $1,500/month to ONE Checking.No
NoteN/AThis APY is only available in the Axos ONE savings and checking bundle. Must maintain $1,500 on avg. daily balance in ONE Checking for APY.N/A
Visit BankHigh Yield Savings AccountAxos ONEHigh Yield Savings
App Store Rating4.9/54.7/5
Google Play Rating3.8/54.4/5
BBB RatingFA+

Comparative Historical APY Insights (Last 5 Months)

American ExpressAxos Bank
ProductHigh Yield Savings AccountvsHigh Yield SavingsAxos ONE
Latest APY3.60 %0.61 %4.66 %
TrendSidewaysSidewaysFalling
Slope (bps/mo)-4.4-0.0-5.9
Rate Changes / Mo0.400.000.20
Days Since Last Change4515182
High (-5 m)3.80 %0.61 %4.86 %
Low (-5 m)3.60 %0.61 %4.66 %
Draw-down from High-5.3 %0.0 %-4.1 %
Volatility (CV)0.0190.0000.021
APY Insights Glossary
Latest APY
Most recent advertised annual-percentage yield.
Trend
Direction over the last 5 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 (-5 m)
Highest APY in the last 151 days.
Low (-5 m)
Lowest APY in the last 151 days.
Draw-down from High
How far today sits below the 5-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.

Calculate Savings Growth for American Express vs Axos Bank

All calculations are based on APY.

American Express

APY: 3.60%

Total savings breakdown:

  • Interest earned: $36 (3.47%)
  • Total contributions: $0 (0.00%)
  • Initial deposit: $1,000 (96.53%)

Your total balance

$1,036.00

Effective APY: 3.60% (based on your deposit and contributions)

Total balance: $1,036

Earnings: $36

Bank Details

Axos Bank

APY: 4.66%

Total savings breakdown:

  • Interest earned: $46.6 (4.45%)
  • Total contributions: $0 (0.00%)
  • Initial deposit: $1,000 (95.55%)

Your total balance

$1,046.60

Effective APY: 4.66% (based on your deposit and contributions)

Total balance: $1,046.6

Earnings: $46.6

Bank Details

After 1 year American Express would earn you $10.6 less than Axos Bank.

More Comparisons

Compare American Express' APY of 3.60% with other banks
Compare Axos Bank's APY of 4.66% with other banks