American Express vs. Axos Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | American ExpressHigh Yield Savings 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 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.
Comparison Analysis
Comparing American Express vs. Axos Bank
As of American Express offers an APY of 3.30% for its High Yield 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 American Express on a $10,000 balance after one year. American Express 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 American Express?
- ✓Fast transfers via Zelle®
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
- ✓Higher rated Android app (4.5 vs 3.6)
- ✓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 American Express's High Yield 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 competitive high yield savings product, the Axos ONE, with an APY of 4.31%, making it the best option between the two banks. This product is part of a bundle that requires either a direct deposit of $1,500 or $5,000 in total monthly qualifying deposits to qualify for the highest rate. In contrast, American Express provides a High Yield Savings Account with a lower APY of 3.30%. While American Express has no direct deposit requirement and no minimum balance, the Axos ONE's higher yield makes it a more attractive choice for savers looking to maximize their returns.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Non-sponsored link to official site
* Secure link to our partner
Top Market Contenders
American Express vs. Axos Bank Savings Calculator
You earn $101 more with Axos Bank than American Express 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.
American Express
High Yield 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 | American Express | Axos Bank |
|---|---|---|
| APY | 3.30% Verified: 1/21/2026 ↘︎ 0.20%90d Change | 4.31% Verified: 1/21/2026 ↘︎ 0.20%90d Change |
| Product Name | High Yield 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 | iOS4.9 Android3.6 | iOS4.7 Android4.5 |
| Zelle® Support | Available Requires Amex Rewards Checking; not available for standalone HYSA. | Not Supported |
| BBB Rating | F | 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 American Express Non-sponsored link to official site | Visit SiteGo to Axos Bank * Secure link to our partner |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | American Express | Axos Bank | ||
|---|---|---|---|---|
| High Yield 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) | -3.6 | -3.8 | -4.6 | -0.0 |
Days Since Change | 22 | 41 | 50 | 363 |
12-Month High | 3.80% | 4.00% | 4.86% | 0.61% |
12-Month Low | 3.30% | 3.75% | 4.31% | 0.61% |
Adjustments / Mo | 0.41 | 0.08 | 0.33 | 0.00 |
Volatility Score | 0.038 | 0.027 | 0.039 | 0.000 |
How to read these metrics(Click to expand)
Compare Similar Alternatives
Compare American Express vs...
Comparing against Standard Savings
Compare Axos Bank vs...
Comparing against other Bundled Accounts