Axos Bank vs Capital One
High-Yield Savings Accounts Comparison

Last Updated: July 15, 2025

Summary of Axos Bank vs. Capital One

As of July 15, 2025 Axos Bank offers an APY of 4.66% for its Axos ONE account, compared to Capital One's 3.50% APY for its 360 Performance Savings account.

Axos Bank yields $116 more than Capital One on a $10,000 balance after one year. Axos Bank pays $466, while Capital One pays $350 - an APY advantage for Axos Bank.

In addition, Axos Bank also offers 4.00% APY for the Summit Savings account.

Axos Bank

Strengths

  • Axos Bank offers a higher APY of 4.66% with the Axos ONE account.
  • Axos Bank has no maintenance fees across all accounts.
  • Axos Bank has a strong App Store rating of 4.7.

Potential Drawbacks

  • Axos Bank has no physical branches for in-person banking.
  • The Axos ONE account requires either direct deposit or qualifying deposits to earn the highest APY.
  • The High Yield Savings account offers a lower APY of 0.61%.

Capital One

Strengths

  • Capital One has over 200 branches for in-person banking.
  • Capital One's App Store rating is high at 4.9.
  • The 360 Performance Savings account has no direct deposit requirement.

Potential Drawbacks

  • Capital One's highest APY is lower at 3.5% compared to Axos Bank.
  • The APY decreased from 3.6% over the past 30 days.
  • Capital One has a slightly lower Google Play rating of 4.5.
Summary: Axos Bank offers a significantly higher APY of 4.66% with its Axos ONE account, while Capital One's 360 Performance Savings has a lower APY of 3.5%. Capital One provides in-person banking with over 200 branches, whereas Axos Bank is entirely online. Both banks have an A+ BBB rating, but Axos Bank has a better App Store rating of 4.7 compared to Capital One's 4.9.

Compare Axos Bank's vs Capital One's Savings Accounts

Axos BankCapital One
ProductAxos ONESummit SavingsHigh Yield Savingsvs360 Performance Savings
APY
4.66% (as of 7/15/2025)4.00% (as of 7/15/2025)0.61% (as of 7/15/2025)3.50% (as of 7/15/2025)
Bundled Account
YesNoNoNo
FDIC-insured
YesYesYesYes
Online OnlyYesYesYesNo
Compound Frequency
DailyDailyDailyMonthly
Minimum Deposit$0$0$0$0
Minimum Balance for APY$0$0$0$0
Maintenance Fee$0$0$0$0
Direct Deposit Required
No. Not required, but is the easiest way to earn the highest APY.NoNoNo
NoteThis 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.N/AN/AN/A
Visit BankAxos ONESummit SavingsHigh Yield Savings360 Performance Savings
App Store Rating4.7/54.9/5
Google Play Rating4.4/54.5/5
BBB RatingA+A+

Comparative Historical APY Insights (Last 6 Months)

Axos BankCapital One
ProductHigh Yield SavingsSummit SavingsAxos ONEvs360 Performance Savings
Latest APY0.61 %4.00 %4.66 %3.50 %
TrendSidewaysSidewaysSidewaysSideways
Slope (bps/mo)0.00.0-4.9-4.3
Rate Changes / Mo0.000.000.170.52
Days Since Last Change1731510519
High (-6 m)0.61 %4.00 %4.86 %3.80 %
Low (-6 m)0.61 %4.00 %4.66 %3.50 %
Draw-down from High0.0 %0.0 %-4.1 %-7.9 %
Volatility (CV)0.0000.0000.0210.022
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 174 days.
Low (-6 m)
Lowest APY in the last 174 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 Capital One

All calculations are based on APY.

Axos Bank

APY: 4.66%

Total savings breakdown:

  • Interest earned: $46.6 (4.45%)
  • Total contributions: $0 (0.00%)
  • Initial deposit: $1,000 (95.55%)

Your total balance

$1,046.60

Effective APY: 4.66% (based on your deposit and contributions)

Total balance: $1,046.6

Earnings: $46.6

Bank Details

Capital One

APY: 3.50%

Total savings breakdown:

  • Interest earned: $35 (3.38%)
  • Total contributions: $0 (0.00%)
  • Initial deposit: $1,000 (96.62%)

Your total balance

$1,035.00

Effective APY: 3.50% (based on your deposit and contributions)

Total balance: $1,035

Earnings: $35

Bank Details

After 1 year Axos Bank would earn you $11.6 more than Capital One.

More Comparisons

Compare Axos Bank's APY of 4.66% with other banks
Compare Capital One's APY of 3.50% with other banks