Axos Bank vs. Barclays
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Axos BankAxos ONE Jan 21, 2026 | BarclaysTiered Savings Jan 21, 2026 |
|---|---|---|
| APY | 4.31% | 3.85% - 4.00% |
Est. Earnings | $5,000+$216 $10,000+$431 $25,000+$1,078 | $5,000+$193 $10,000+$385 $25,000+$963 |
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. | The 4.00% APY is only available for balances over $250,000. For lower balances, the APY is 3.85%. |
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppChecking Bundle | FDIC InsuredHigh MinimumGreat iOS AppGreat Android App |
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.
As of Axos Bank offers an APY of 4.31% for its Axos ONE account, with a minimum balance of $0, compared to Barclays's 4.00% APY for its Tiered Savings account, with a minimum balance of $250,000.
Axos Bank pays $46 more than Barclays on a $10,000 balance after one year. Axos Bank pays $431, while Barclays pays $385 (with an effective APY of 3.85%) - 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, while Barclays offers 3.60% APY for the Online Savings account, with a minimum balance of Enough to earn $0.01 in interest.
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 3.60%-4.00%) on all balances
Why Barclays?
No distinct advantages found vs Axos Bank.
— Key Feature Differences —
Better Returns at $10,000
Axos BankAxos Bank's Axos ONE earns more on smaller deposits (approx. $431 vs $385/yr).
Better Returns at $25,000
Axos BankAxos Bank's Axos ONE pulls ahead with larger amounts (approx. $1078 vs $963/yr).
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
BarclaysBarclays offers an iOS app rated 4.9 (vs. 4.7) and Android app rated 4.7 (vs. 4.5)
Shared Benefits
Over a 1-year period, Axos Bank's Axos ONE pays $46 more interest on a $10,000 balance than Barclays's Tiered Savings.
*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 savings product, the Axos ONE, which provides a high APY of 4.31% when bundled with a checking account, making it the standout option compared to Barclays' Tiered Savings account, which yields 4.00% but requires a minimum balance of $250,000 to earn that rate. The Axos ONE also allows for smaller deposits to earn higher returns, with the checking account itself earning 0.51% APY. Barclays does provide a solid alternative with its Online Savings account at 3.60%, but it does not match the higher yield of Axos. Both banks are online-only and do not require direct deposits for their savings accounts.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
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Axos Bank vs. Barclays Savings Calculator
You earn $46 more with Axos Bank than Barclays 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.
Axos Bank
Axos ONE
Savings Breakdown
- Interest Earned+$431.00(4.1%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,431.00
Barclays
Tiered Savings
Higher APY requires $250,000
Savings Breakdown
- Interest Earned+$385.00(3.7%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,385.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Axos Bank | Barclays |
|---|---|---|
| APY | 4.31% Verified: 1/21/2026 ↘︎ 0.20%90d Change | 4.00% Range: 3.85% - 4.00% Verified: 1/21/2026 ↘︎ 0.10%90d Change |
| Product Name | Axos ONE | Tiered Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $250,000 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | Not required, but is the easiest way to earn the highest APY. | None |
| Checking Bundle | Yes | No |
| Mobile Apps | iOS4.7 Android4.5 | iOS4.9 Android4.7 |
| Zelle® Support | Not Supported | Not Supported |
| BBB Rating | A+ | 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. | The 4.00% APY is only available for balances over $250,000. For lower balances, the APY is 3.85%. |
| Next Steps | Visit SiteGo to Axos Bank * Secure link to our partner | Visit SiteVerify at Barclays Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Axos Bank | Barclays | |||
|---|---|---|---|---|---|
| Summit Savings | Axos ONE | High Yield Savings | Online Savings | Tiered Savings | |
Current APY | 3.75% | 4.31% | 0.61% | 3.60% | 4.00% |
Trend | Stable | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | -3.8 | -4.6 | -0.0 | -2.7 | -4.1 |
Days Since Change | 41 | 50 | 364 | 56 | 63 |
12-Month High | 4.00% | 4.86% | 0.61% | 4.00% | 4.50% |
12-Month Low | 3.75% | 4.31% | 0.61% | 3.60% | 4.00% |
Adjustments / Mo | 0.08 | 0.33 | 0.00 | 0.49 | 0.58 |
Volatility Score | 0.027 | 0.039 | 0.000 | 0.028 | 0.038 |
How to read these metrics(Click to expand)
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