American Express vs. Axos Bank
High-Yield Savings Account Comparison
Last Updated: October 14, 2025
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Summary of American Express vs. Axos Bank
Key Metrics at a Glance
| Feature | American Express | Axos Bank |
|---|---|---|
| Top Savings APY | 3.50% High Yield Savings Account | 4.51% Axos ONE |
| Minimum to Open | $0 | $0 |
| Minimum Balance for APY | $0 | $0 |
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.
- American Express has a high App Store rating of 4.9.
Potential Drawbacks
- American Express has a BBB rating of F and is not BBB accredited.
- American Express does not offer direct deposit options for higher APY.
- American Express has a lower Google Play rating of 3.7.
Axos Bank
Strengths
- Axos Bank offers a higher APY of 4.51% with qualifying deposits.
- Axos Bank has a BBB rating of A+ and is BBB accredited.
- Axos Bank has a strong Google Play rating of 4.6.
Potential Drawbacks
- Axos Bank's higher APY requires direct deposit or monthly qualifying deposits.
- Axos Bank's App Store rating is lower at 4.7 compared to American Express.
- Axos Bank's High Yield Savings account offers a significantly lower APY of 0.61%.
Summary: American Express provides a solid APY of 3.50% without direct deposit requirements, but has an F BBB rating. In contrast, Axos Bank offers a higher APY of 4.51% with specific deposit conditions and boasts an A+ BBB rating. However, Axos has lower APY options and a slightly lower App Store rating than American Express. Overall, Axos may appeal more to those who can meet deposit requirements for higher returns.
→ As of October 14, 2025 American Express offers an APY of 3.50% for its High Yield Savings Account, with a minimum balance of $0, compared to Axos Bank's 4.51% APY for its Axos ONE account, with a minimum balance of $0.
→ Axos Bank yields $101 more than American Express on a $10,000 balance after one year. American Express pays $350, while Axos Bank pays $451 - an APY advantage for Axos Bank.
→ In addition, Axos Bank also offers 4.00% APY for the Summit Savings account.
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: 4.51%
Total savings breakdown:
- Interest earned: $2,766.7 (13.32%)
- Total contributions: $13,000 (62.60%)
- Initial deposit: $5,000 (24.08%)
Your total balance
$20,766.70
Effective APY: 4.51% (based on your deposit and contributions)
Total balance: $20,766.7
Earnings: $2,766.7
With a $5,000 initial deposit and $13,000 in total contributions over 5 years, American Express's total earnings would be $652.6 lower than Axos Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
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 10/14/2025) | 4.51% (as of 10/14/2025) | 4.00% (as of 10/14/2025) | 0.61% (as of 10/14/2025) | |
| 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 | 3.7/5 | 4.6/5 | |||
| BBB Rating | F | A+ | |||
Comparative Historical APY Insights (Last 9 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 % | 4.51 % | |
| Trend | Sideways | Sideways | Sideways | Falling | |
| Slope (bps/mo) | -3.8 | 0.0 | 0.0 | -5.2 | |
| Rate Changes / Mo | 0.34 | 0.00 | 0.00 | 0.34 | |
| Days Since Last Change | 84 | 266 | 107 | 12 | |
| High (-9 m) | 3.80 % | 0.61 % | 4.00 % | 4.86 % | |
| Low (-9 m) | 3.50 % | 0.61 % | 4.00 % | 4.46 % | |
| Draw-down from High | -7.9 % | 0.0 % | 0.0 % | -7.2 % | |
| Volatility (CV) | 0.028 | 0.000 | 0.000 | 0.031 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 9 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 (-9 m)
- Highest APY in the last 266 days.
- Low (-9 m)
- Lowest APY in the last 266 days.
- Draw-down from High
- How far today sits below the 9-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.
More Comparisons
Compare American Express' APY of 3.50% with other banks
Compare Axos Bank's APY of 4.51% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Axos Bank vs Ally Bank | 3.40% | $0 |
| Axos Bank vs Bank of America | 0.01% | $100 |
| Axos Bank vs Barclays | 4.10% | $0 |
| Axos Bank vs BrioDirect | 4.20% | $5,000 |
| Axos Bank vs Capital One | 3.40% | $0 |
| Axos Bank vs Chase Bank | 0.01% | $0 |
| Axos Bank vs Chime | 3.75% | $0 |
| Axos Bank vs CIT Bank | 3.85% | $100 |
| Axos Bank vs Discover Bank | 3.40% | $0 |
| Axos Bank vs Elevault | 4.34% | $0 |
| Axos Bank vs EverBank | 4.05% | $0 |
| Axos Bank vs Fitness Bank | 4.75% | $100 |
| Axos Bank vs FVCbank | 4.10% | $500 |
| Axos Bank vs GO2bank | 4.50% | $0 |
| Axos Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| Axos Bank vs Neighbors Bank | 4.50% | $0 |
| Axos Bank vs Newtek Bank | 4.35% | $0 |
| Axos Bank vs Peak Bank | 4.20% | $100 |
| Axos Bank vs Pibank | 4.60% | $0 |
| Axos Bank vs Presidential Bank | 4.50% | $5,000 |
| Axos Bank vs Santander Bank | 0.01% | $25 |
| Axos Bank vs SoFi Bank | 4.50% | $0 |
| Axos Bank vs Synchrony Bank | 3.80% | $0 |
| Axos Bank vs TIMBR | 4.40% | $1,000 |
| Axos Bank vs Varo Bank | 5.00% | $0 |
| Axos Bank vs Wells Fargo | 0.05% | $25 |
| Axos Bank vs Zynlo Bank | 4.20% | $10 |