Axos Bank vs. Carver Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Axos BankAxos ONE Jan 7, 2026 | Carver BankHigh Yield Savings Jan 7, 2026 |
|---|---|---|
| APY | 4.31% | 4.00% |
Est. Earnings | $5,000+$216 $10,000+$431 $25,000+$1,078 | $5,000+$200 $10,000+$400 $25,000+$1,000 |
Min Deposit | $0 | $5,000 |
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. | - |
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppChecking Bundle | FDIC InsuredMod. MinimumGreat iOS AppGreat Android AppZelle® Supported |
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.
Comparison Analysis
Comparing Axos Bank vs. Carver Bank
As of Axos Bank offers an APY of 4.31% for its Axos ONE account, with a minimum balance of $0, compared to Carver Bank's 4.00% APY for its High Yield Savings account, with a minimum balance of $5,000.
Axos Bank pays $31 more than Carver Bank on a $10,000 balance after one year. Axos Bank pays $431, while Carver Bank pays $400 - 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.
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 4.00%) on all balances
- ✓Offers 2 different high-yield savings options
Why Carver Bank?
- ✓Fast transfers via Zelle®
— Key Feature Differences —
Better Returns at $10,000
Axos BankAxos Bank's Axos ONE earns more on smaller deposits (approx. $431 vs $400/yr).
Better Returns at $25,000
Axos BankAxos Bank's Axos ONE pulls ahead with larger amounts (approx. $1078 vs $1000/yr).
Best for Simplicity
Carver BankCarver Bank's High Yield Savings offers 4.00% APY with no bundling, direct deposit requirement or caps.
Best for All-in-One Banking
Axos BankAxos Bank's Axos ONE pays a superior APY for customers who also open a checking account.
Shared Benefits
Over a 1-year period, Axos Bank's Axos ONE pays $31 more interest on a $10,000 balance than Carver Bank's High Yield 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 Axos ONE savings account with an APY of 4.31%, which requires a checking account and either a direct deposit of $1,500 or total monthly qualifying deposits of at least $5,000 to earn the highest rate. In comparison, Carver Bank provides a High Yield Savings account with a slightly lower APY of 4.00%, but it does not require bundling or direct deposits, making it simpler for account holders. Both accounts are online-only, with Axos Bank's checking account earning 0.51% APY and Carver Bank's account requiring a minimum deposit and balance of $5,000.
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. Carver Bank Savings Calculator
You earn $31 more with Axos Bank than Carver Bank 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
Carver Bank
High Yield Savings
Savings Breakdown
- Interest Earned+$400.00(3.8%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,400.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Axos Bank | Carver Bank |
|---|---|---|
| APY | 4.31% Verified: 1/7/2026 ↘︎ 0.20%90d Change | 4.00% Verified: 1/7/2026 Stable (90d) |
| Product Name | Axos ONE | High Yield Savings |
| Minimum Deposit | $0 | $5,000 |
| Min. Balance for APY | $0 | $5,000 |
| Monthly Fee | $0 | $0, of minimum balance requirement met. Otherwise $6. |
| 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 | iOS4.7 Android4.5 |
| Zelle® Support | Not Supported | Available Full native integration in digital banking. |
| 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. | - |
| Next Steps | Visit SiteGo to Axos Bank * Secure link to our partner | Visit SiteVerify at Carver Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Axos Bank | Carver Bank | ||
|---|---|---|---|---|
| High Yield Savings | Summit Savings | Axos ONE | High Yield Savings | |
Current APY | 0.61% | 3.75% | 4.31% | 4.00% |
Trend | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | -0.0 | -3.1 | -4.6 | -1.0 |
Days Since Change | 341 | 27 | 36 | 309 |
11-Month High | 0.61% | 4.00% | 4.86% | 4.25% |
11-Month Low | 0.61% | 3.75% | 4.31% | 4.00% |
Adjustments / Mo | 0.00 | 0.09 | 0.35 | 0.09 |
Volatility Score | 0.000 | 0.024 | 0.037 | 0.017 |
How to read these metrics(Click to expand)
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