Axos Bank vs Barclays
High-Yield Savings Accounts Comparison
Last Updated: August 1, 2025
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Summary of Axos Bank vs. Barclays
As of August 1, 2025 Axos Bank offers an APY of 4.46% for its Axos ONE account, compared to Barclays's 4.10% APY for its Tiered Savings account.
Axos Bank yields $56 more than Barclays on a $10,000 balance after one year. Axos Bank pays $446, while Barclays pays $390 (with an effective APY of 3.9%) - an APY advantage for Axos Bank.
In addition, Axos Bank also offers 4.00% APY for the Summit Savings account, while Barclays offers 3.70% APY for the Online Savings account.
Axos Bank
Strengths
- Axos Bank offers a higher APY of 4.46% for its Axos ONE account.
- Axos Bank has no minimum balance requirement for its accounts.
- Axos Bank has a strong App Store rating of 4.7.
Potential Drawbacks
- Axos Bank's APY decreased from 4.66% to 4.46% in the last 30 days.
- The Axos ONE account requires either direct deposit or qualifying deposits to earn the highest APY.
Barclays
Strengths
- Barclays provides a competitive APY of 4.10% for balances over $250,000.
- Barclays has a higher Google Play rating of 4.7.
Potential Drawbacks
- Barclays requires a minimum balance of $250,000 to earn the 4.10% APY.
- The Online Savings account has a lower APY of 3.70%.
Summary: Axos Bank offers a higher APY of 4.46% for its Axos ONE account, but it requires direct deposit or qualifying deposits to achieve this rate. In contrast, Barclays provides a 4.10% APY for higher balances but requires a minimum of $250,000. Both banks have strong BBB ratings, but Barclays has slightly better app ratings. Overall, Axos Bank may be more accessible for those without large balances.
Compare Axos Bank's vs Barclays' Savings Accounts
| Axos Bank | Barclays | |||||
|---|---|---|---|---|---|---|
| Product | Axos ONE | Summit Savings | High Yield Savings | vs | Tiered Savings | Online Savings |
| APY | 4.46% (as of 8/1/2025) | 4.00% (as of 8/1/2025) | 0.61% (as of 8/1/2025) | 3.90% - 4.10% (as of 8/1/2025) | 3.70% (as of 8/1/2025) | |
| Bundled Account | Yes | No | No | No | No | |
| FDIC-insured | Yes | Yes | Yes | Yes | Yes | |
| Online Only | Yes | Yes | Yes | Yes | Yes | |
| Compound Frequency | Daily | Daily | Daily | Daily | Daily | |
| Minimum Deposit | $0 | $0 | $0 | $0 | $0 | |
| Minimum Balance for APY | $0 | $0 | $0 | $250,000 | Enough to earn $0.01 in interest | |
| Maintenance Fee | $0 | $0 | $0 | $0 | $0 | |
| Direct Deposit Required | No. Not required, but is the easiest way to earn the highest APY. | No | No | 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. | The 4.10% APY is only available for balances over $250,000. For lower balances, the APY is 3.90%. | ||||
| Sponsored Link | LEARN MORE at Axos Bank, Member FDIC | |||||
| App Store Rating | 4.7/5 | 4.8/5 | ||||
| Google Play Rating | 4.4/5 | 4.7/5 | ||||
| BBB Rating | A+ | A+ | ||||
Comparative Historical APY Insights (Last 6 Months)
| Axos Bank | Barclays | |||||
|---|---|---|---|---|---|---|
| Product | High Yield Savings | Summit Savings | Axos ONE | vs | Online Savings | Tiered Savings |
| Latest APY | 0.61 % | 4.00 % | 4.46 % | 3.70 % | 4.10 % | |
| Trend | Sideways | Sideways | Sideways | Sideways | Falling | |
| Slope (bps/mo) | 0.0 | 0.0 | -4.4 | -4.3 | -7.3 | |
| Rate Changes / Mo | 0.00 | 0.00 | 0.31 | 0.78 | 0.93 | |
| Days Since Last Change | 192 | 34 | 2 | 54 | 46 | |
| High (-6 m) | 0.61 % | 4.00 % | 4.86 % | 4.00 % | 4.50 % | |
| Low (-6 m) | 0.61 % | 4.00 % | 4.46 % | 3.70 % | 4.10 % | |
| Draw-down from High | 0.0 % | 0.0 % | -8.2 % | -7.5 % | -8.9 % | |
| Volatility (CV) | 0.000 | 0.000 | 0.021 | 0.022 | 0.033 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 6 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 (-6 m)
- Highest APY in the last 193 days.
- Low (-6 m)
- Lowest APY in the last 193 days.
- Draw-down from High
- How far today sits below the 6-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 Axos Bank vs Barclays
All calculations are based on APY.
Axos 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
Barclays
APY: 4.10%
⚠️The higher APY only applies once your balance reaches $250,000.
Total savings breakdown:
- Interest earned: $2,370.2 (11.64%)
- Total contributions: $13,000 (63.82%)
- Initial deposit: $5,000 (24.55%)
Your total balance
$20,370.20
Effective APY: 3.90% (based on your deposit and contributions)
Total balance: $20,370.2
Earnings: $2,370.2
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Axos Bank's total earnings would be $363.7 higher than Barclays's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
More Comparisons
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 American Express | 3.50% | $0 |
| Axos Bank vs Bank of America | 0.01% | $100 |
| 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 |
Compare Barclays' APY of 4.10% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| Barclays vs Ally Bank | 3.50% | $0 |
| Barclays vs American Express | 3.50% | $0 |
| Barclays vs Bank of America | 0.01% | $100 |
| Barclays vs Capital One | 3.50% | $0 |
| Barclays vs Chase Bank | 0.01% | $0 |
| Barclays vs Chime | 3.75% | $0 |
| Barclays vs CIT Bank | 4.00% | $100 |
| Barclays vs Discover Bank | 3.50% | $0 |
| Barclays vs Fitness Bank | 4.85% | $100 |
| Barclays vs Marcus by Goldman Sachs | 3.65% | $0 |
| Barclays vs Presidential Bank | 4.50% | $5,000 |
| Barclays vs SoFi Bank | 3.80% | $0 |
| Barclays vs Synchrony Bank | 3.80% | $0 |
| Barclays vs UFB Direct | 4.21% | $5000 |
| Barclays vs Varo Bank | 5.00% | $0 |
| Barclays vs Wells Fargo | 2.51% | $25 |