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 Express | Axos Bank | |||
|---|---|---|---|---|
| Product | High Yield Savings Account | vs | Axos ONE | High 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 | No | Yes | No | |
| FDIC-insured | Yes | Yes | Yes | |
| Online Only | Yes | Yes | Yes | |
| Compound Frequency | Daily | Daily | Daily | |
| Minimum Deposit | $0 | $0 | $0 | |
| Minimum Balance for APY | $0 | $0 | $0 | |
| Maintenance Fee | $0 | $0 | $0 | |
| Direct Deposit Required | No | Yes. Min. $1,500/month to ONE Checking. | No | |
| Note | N/A | This 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 Bank | High Yield Savings Account | Axos ONE | High Yield Savings | |
| App Store Rating | 4.9/5 | 4.7/5 | ||
| Google Play Rating | 3.8/5 | 4.4/5 | ||
| BBB Rating | F | A+ | ||
Comparative Historical APY Insights (Last 5 Months)
| American Express | Axos Bank | |||
|---|---|---|---|---|
| Product | High Yield Savings Account | vs | High Yield Savings | Axos ONE |
| Latest APY | 3.60 % | 0.61 % | 4.66 % | |
| Trend | Sideways | Sideways | Falling | |
| Slope (bps/mo) | -4.4 | -0.0 | -5.9 | |
| Rate Changes / Mo | 0.40 | 0.00 | 0.20 | |
| Days Since Last Change | 45 | 151 | 82 | |
| 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) | 0.019 | 0.000 | 0.021 | |
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 DetailsAxos 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 DetailsAfter 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
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| American Express vs Ally Bank | 3.50% | $0 |
| American Express vs Bank of America | 0.01% | $100 |
| American Express vs Barclays | 4.10% | $0 |
| American Express vs Capital One | 3.60% | $0 |
| American Express vs Chase Bank | 0.01% | $0 |
| American Express vs Chime | 3.75% | $0 |
| American Express vs CIT Bank | 4.00% | $100 |
| American Express vs Discover Bank | 3.60% | $0 |
| American Express vs Fitness Bank | 5.00% | $100 |
| American Express vs Marcus by Goldman Sachs | 3.65% | $0 |
| American Express vs SoFi Bank | 3.80% | $0 |
| American Express vs Synchrony Bank | 3.80% | $0 |
| American Express vs Varo Bank | 5.00% | $0 |
Compare Axos Bank's APY of 4.66% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| Axos Bank vs Ally Bank | 3.50% | $0 |
| Axos Bank vs Bank of America | 0.01% | $100 |
| Axos Bank vs Barclays | 4.10% | $0 |
| Axos Bank vs Capital One | 3.60% | $0 |
| Axos Bank vs Chase Bank | 0.01% | $0 |
| Axos Bank vs Chime | 3.75% | $0 |
| Axos Bank vs CIT Bank | 4.00% | $100 |
| Axos Bank vs Discover Bank | 3.60% | $0 |
| Axos Bank vs Fitness Bank | 5.00% | $100 |
| Axos Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| Axos Bank vs SoFi Bank | 3.80% | $0 |
| Axos Bank vs Synchrony Bank | 3.80% | $0 |
| Axos Bank vs Varo Bank | 5.00% | $0 |