American Express vs. Axos Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
American Express
High Yield Savings Account
3.40%APYDec 6, 2025FDIC InsuredNo MinimumsGreat iOS AppShow Fine Print & Trends Hide Details
American Express
High Yield 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 American Express vs. Axos Bank
Why American Express?
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 3.40%) on all balances
- ✓Higher rated Android app (4.6 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 $340/yr).
Better Returns at $25,000
Axos BankAxos Bank's Axos ONE pulls ahead with larger amounts (approx. $1077 vs $850/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.
Best Mobile App Experience
American ExpressAmerican Express offers an iOS app rated 4.9 (vs. 4.7) and Android app rated 3.6 (vs. 4.6)
Shared Benefits
Over a 1-year period, Axos Bank's Axos ONE pays $91 more interest on a $10,000 balance than American Express's High Yield Savings Account.
Executive Summary
Axos Bank stands out with its Axos ONE product, offering a competitive APY of 4.31%, available through a savings and checking bundle. To qualify for this rate, customers must either set up a direct deposit of $1,500 or have monthly qualifying deposits of at least $5,000, while maintaining a corresponding average daily balance. In comparison, American Express provides a High Yield Savings Account with a lower APY of 3.40% and does not require direct deposit, making it a simpler alternative. Both banks operate online only, with no physical branch access.
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 American Express and Axos Bank.
| Feature | American Express | Axos Bank |
|---|---|---|
| APY | 3.40% Verified: 12/6/2025 ↘︎ 0.10%90d Change | 4.31% Verified: 12/6/2025 ↘︎ 0.15%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 | None |
| Checking Bundle | No | Yes |
| Mobile Apps | iOS4.9 Android3.6 | iOS4.7 Android4.6 |
| 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 | SponsoredOpen Account |
Savings Comparison
Axos Bank earns $585.4 more than American Express.
American Express
High Yield Savings Account
Savings Breakdown
- Interest Earned+$2,050.50(10.2%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,050.50
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 | American Express | Axos Bank | ||
|---|---|---|---|---|
| High Yield Savings Account | High Yield Savings | Summit Savings | Axos ONE | |
Current APY | 3.40% | 0.61% | 4.00% | 4.31% |
Trend | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | -3.2 | -0.0 | 0.0 | -4.2 |
Days Since Change | 10 | 317 | 159 | 4 |
10-Month High | 3.80% | 0.61% | 4.00% | 4.86% |
10-Month Low | 3.40% | 0.61% | 4.00% | 4.31% |
Adjustments / Mo | 0.38 | 0.00 | 0.00 | 0.38 |
Volatility Score | 0.030 | 0.000 | 0.000 | 0.032 |
How to read these metrics(Click to expand)
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