American Express vs Axos Bank
High-Yield Savings Accounts Comparison
Last Updated: August 29, 2025
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Summary of American Express vs. Axos Bank
As of August 29, 2025 American Express offers an APY of 3.50% for its High Yield Savings Account account, compared to Axos Bank's 4.46% APY for its Axos ONE account.
Axos Bank yields $96 more than American Express on a $10,000 balance after one year. American Express pays $350, while Axos Bank pays $446 - an APY advantage for Axos Bank.
In addition, Axos Bank also offers 4.00% APY for the Summit Savings account.
American Express
Strengths
- American Express offers a High Yield Savings Account with a competitive APY of 3.50%.
- No maintenance fees or minimum balance requirements for American Express accounts.
- High App Store rating of 4.9 for American Express.
Potential Drawbacks
- American Express has an F rating from the BBB and is not accredited.
- No branches available for American Express customers.
- Lower APY compared to Axos Bank's offerings.
Axos Bank
Strengths
- Axos Bank provides a higher APY of 4.46% with specific conditions.
- Axos Bank has an A+ BBB rating and is accredited.
- Higher Google Play rating of 4.5 for Axos Bank.
Potential Drawbacks
- Axos Bank's APY decreased from 4.66% over the last 30 days.
- Requires direct deposit or qualifying deposits to achieve the highest APY.
- No branches available for Axos Bank customers.
Summary: American Express offers a solid APY of 3.50% but has a poor BBB rating and no branches. In contrast, Axos Bank provides a higher APY of 4.46% but requires specific conditions to obtain it. Axos Bank also has a better BBB rating and Google Play rating, while American Express excels in App Store ratings. Both banks operate online-only with no maintenance fees.
Compare American Express' vs Axos Bank's Savings Accounts
| American Express | Axos Bank | ||||
|---|---|---|---|---|---|
| Product | High Yield Savings Account | vs | Axos ONE | Summit Savings | High Yield Savings |
| APY | 3.50% (as of 8/29/2025) | 4.46% (as of 8/29/2025) | 4.00% (as of 8/29/2025) | 0.61% (as of 8/29/2025) | |
| Bundled Account | No | Yes | No | No | |
| FDIC-insured | Yes | Yes | Yes | Yes | |
| Online Only | Yes | Yes | Yes | Yes | |
| Compound Frequency | Daily | Daily | Daily | Daily | |
| Minimum Deposit | $0 | $0 | $0 | $0 | |
| Minimum Balance for APY | $0 | $0 | $0 | $0 | |
| Maintenance Fee | $0 | $0 | $0 | $0 | |
| Direct Deposit Required | No | No. Not required, but is the easiest way to earn the highest APY. | No | No | |
| Note | This APY is only available with the Axos ONE savings and checking bundle. 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. | ||||
| Sponsored Link | LEARN MORE at Axos Bank, Member FDIC | ||||
| App Store Rating | 4.9/5 | 4.7/5 | |||
| Google Play Rating | 3.8/5 | 4.5/5 | |||
| BBB Rating | F | A+ | |||
Comparative Historical APY Insights (Last 7 Months)
| American Express | Axos Bank | ||||
|---|---|---|---|---|---|
| Product | High Yield Savings Account | vs | High Yield Savings | Summit Savings | Axos ONE |
| Latest APY | 3.50 % | 0.61 % | 4.00 % | 4.46 % | |
| Trend | Sideways | Sideways | Sideways | Falling | |
| Slope (bps/mo) | -4.2 | 0.0 | 0.0 | -5.4 | |
| Rate Changes / Mo | 0.41 | 0.00 | 0.00 | 0.27 | |
| Days Since Last Change | 38 | 220 | 61 | 29 | |
| High (-7 m) | 3.80 % | 0.61 % | 4.00 % | 4.86 % | |
| Low (-7 m) | 3.50 % | 0.61 % | 4.00 % | 4.46 % | |
| Draw-down from High | -7.9 % | 0.0 % | 0.0 % | -8.2 % | |
| Volatility (CV) | 0.026 | 0.000 | 0.000 | 0.028 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 7 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 (-7 m)
- Highest APY in the last 221 days.
- Low (-7 m)
- Lowest APY in the last 221 days.
- Draw-down from High
- How far today sits below the 7-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: 3.50%
Total savings breakdown:
- Interest earned: $2,114.1 (10.51%)
- Total contributions: $13,000 (64.63%)
- Initial deposit: $5,000 (24.86%)
Your total balance
$20,114.10
Effective APY: 3.50% (based on your deposit and contributions)
Total balance: $20,114.1
Earnings: $2,114.1
Bank OverviewAxos Bank
APY: 4.46%
Total savings breakdown:
- Interest earned: $2,733.9 (13.19%)
- Total contributions: $13,000 (62.70%)
- Initial deposit: $5,000 (24.12%)
Your total balance
$20,733.90
Effective APY: 4.46% (based on your deposit and contributions)
Total balance: $20,733.9
Earnings: $2,733.9
With a $5,000 initial deposit and $13,000 in total contributions over 5 years, American Express's total earnings would be $619.8 lower than Axos Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
More Comparisons
Compare American Express' APY of 3.50% 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 | 3.50% | $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 | 3.50% | $0 |
| American Express vs Fitness Bank | 4.85% | $100 |
| American Express vs Marcus by Goldman Sachs | 3.65% | $0 |
| American Express vs Presidential Bank | 4.50% | $5,000 |
| American Express vs SoFi Bank | 3.80% | $0 |
| American Express vs Synchrony Bank | 3.80% | $0 |
| American Express vs UFB Direct | 4.21% | $5000 |
| American Express vs Varo Bank | 5.00% | $0 |
| American Express vs Wells Fargo | 2.51% | $25 |
Compare Axos Bank's APY of 4.46% 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 | 3.50% | $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 | 3.50% | $0 |
| Axos Bank vs Fitness Bank | 4.85% | $100 |
| Axos Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| Axos Bank vs Presidential Bank | 4.50% | $5,000 |
| Axos Bank vs SoFi Bank | 3.80% | $0 |
| Axos Bank vs Synchrony Bank | 3.80% | $0 |
| Axos Bank vs Varo Bank | 5.00% | $0 |
| Axos Bank vs Wells Fargo | 2.51% | $25 |