Axos Bank vs Capital One
High-Yield Savings Accounts Comparison

Last Updated: June 20, 2025

Summary of Axos Bank vs. Capital One

As of June 20, 2025 Axos Bank offers an APY of 4.66% for its Axos ONE account, compared to Capital One's 3.60% APY for its 360 Performance Savings account.

Axos Bank yields $106 more than Capital One on a $10,000 balance after one year. Axos Bank pays $466, while Capital One pays $360 - an APY advantage for Axos Bank.

In addition, Axos Bank also offers 0.61% APY for the High Yield Savings account.

Axos Bank

Strengths

  • Axos Bank offers a higher APY of 4.66% in the Axos ONE account.
  • Axos Bank has no maintenance fees or minimum balance requirements.
  • Axos Bank has a strong App Store rating of 4.7.

Potential Drawbacks

  • Axos Bank has no physical branches.
  • Axos Bank requires a minimum $1,500 average daily balance in ONE Checking for the highest APY.
  • Axos Bank's High Yield Savings account offers a lower APY of 0.61%.

Capital One

Strengths

  • Capital One has over 200 branches in multiple states.
  • Capital One's 360 Performance Savings account has no direct deposit requirement.
  • Capital One has an excellent App Store rating of 4.9.

Potential Drawbacks

  • Capital One offers a lower APY of 3.60% compared to Axos Bank.
  • Capital One's current APY has not changed in the last 30 days.
  • Capital One's High Yield Savings account does not have a higher APY tier.
Summary: Axos Bank offers a significantly higher APY of 4.66% through its Axos ONE account, but requires a $1,500 balance, while Capital One provides a lower APY of 3.60% without a direct deposit requirement and has physical branches. Both banks have strong BBB ratings, but Axos Bank lacks physical locations, which may be a consideration for some customers.

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

Axos BankCapital One
ProductAxos ONEHigh Yield Savingsvs360 Performance Savings
APY
4.66% (as of 6/20/2025)0.61% (as of 6/20/2025)3.60% (as of 6/20/2025)
Bundled Account
YesNoNo
FDIC-insured
YesYesYes
Online OnlyYesYesNo
Compound Frequency
DailyDailyMonthly
Minimum Deposit$0$0$0
Minimum Balance for APY$0$0$0
Maintenance Fee$0$0$0
Direct Deposit Required
Yes. Min. $1,500/month to ONE Checking.NoNo
NoteThis APY is only available in the Axos ONE savings and checking bundle. Must maintain $1,500 on avg. daily balance in ONE Checking for APY.N/AN/A
Visit BankAxos ONEHigh 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 5 Months)

Axos BankCapital One
ProductHigh Yield SavingsAxos ONEvs360 Performance Savings
Latest APY0.61 %4.66 %3.60 %
TrendSidewaysFallingSideways
Slope (bps/mo)0.0-5.9-4.0
Rate Changes / Mo0.000.200.40
Days Since Last Change1498174
High (-5 m)0.61 %4.86 %3.80 %
Low (-5 m)0.61 %4.66 %3.60 %
Draw-down from High0.0 %-4.1 %-5.3 %
Volatility (CV)0.0000.0210.018
APY Insights Glossary
Latest APY
Most recent advertised annual-percentage yield.
Trend
Direction over the last 5 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 (-5 m)
Highest APY in the last 150 days.
Low (-5 m)
Lowest APY in the last 150 days.
Draw-down from High
How far today sits below the 5-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: 3.60%

Total savings breakdown:

  • Interest earned: $36 (3.47%)
  • Total contributions: $0 (0.00%)
  • Initial deposit: $1,000 (96.53%)

Your total balance

$1,036.00

Effective APY: 3.60% (based on your deposit and contributions)

Total balance: $1,036

Earnings: $36

Bank Details

After 1 year Axos Bank would earn you $10.6 more than Capital One.

More Comparisons

Compare Axos Bank's APY of 4.66% with other banks
Compare Capital One's APY of 3.60% with other banks