Axos Bank vs. Charles Schwab Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
Axos Bank
Axos ONE
4.31%APYDec 10, 2025FDIC InsuredChecking BundleNo MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Axos Bank
Axos ONE
Charles Schwab Bank
Schwab Bank Investor Savings™
0.15%APYDec 10, 2025FDIC InsuredNo MinimumsGreat iOS AppIn-Person AccessShow Fine Print & Trends Hide Details
Charles Schwab Bank
Schwab Bank Investor Savings™
Axos Bank vs. Charles Schwab Bank Savings Calculator
Axos Bank earns $2,549.8 more than Charles Schwab Bank.
Axos Bank
Axos ONE
Savings Breakdown
- Interest Earned+$2,635.90(12.8%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,635.90
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Charles Schwab Bank
Schwab Bank Investor Savings™
Savings Breakdown
- Interest Earned+$86.10(0.5%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$18,086.10
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing Axos Bank vs. Charles Schwab Bank
Why Axos Bank?
- ✓Earn 0.51% APY on checking account
- ✓Access to 95,000 fee-free ATMs
- ✓Higher potential APY (4.00%-4.31% vs 0.15%) on all balances
- ✓Higher rated Android app (4.5 vs 2.9)
- ✓Offers 2 different high-yield savings options
Why Charles Schwab Bank?
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 $15/yr).
Better Returns at $25,000
Axos BankAxos Bank's Axos ONE pulls ahead with larger amounts (approx. $1078 vs $38/yr).
Best for Simplicity
Axos BankAxos Bank's Summit 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 $416 more interest on a $10,000 balance than Charles Schwab Bank's Schwab Bank Investor Savings™.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary
Axos Bank offers a superior savings option with its Axos ONE account, providing a competitive APY of 4.31% when bundled with a checking account. This account does not require direct deposit, though setting one up is the easiest way to maximize earnings. Alternatively, the Summit Savings account yields a slightly lower APY of 4.00% without any bundling or direct deposit requirements. In contrast, Charles Schwab Bank's Schwab Bank Investor Savings™ offers a significantly lower APY of just 0.15%. Therefore, Axos Bank stands out as the more lucrative choice for savers.
Analysis generated based on current Banksparency database records
* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.
Top Market Contenders
See who beats both Axos Bank and Charles Schwab Bank.
| Feature | Axos Bank | Charles Schwab Bank |
|---|---|---|
| APY | 4.31% Verified: 12/10/2025 ↘︎ 0.15%90d Change | 0.15% Verified: 12/10/2025 Stable (90d) |
| Product Name | Axos ONE | Schwab Bank Investor Savings™ |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0.01 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | Yes |
| Account Type | Online Only | Online & Branches |
| 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 | iOS4.8 Android2.9 |
| 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 | SponsoredOpen Account |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Axos Bank | Charles Schwab Bank | ||
|---|---|---|---|---|
| High Yield Savings | Summit Savings | Axos ONE | Schwab Bank Investor Savings™ | |
Current APY | 0.61% | 4.00% | 4.31% | 0.15% |
Trend | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | 0.0 | 0.0 | -4.3 | -0.0 |
Days Since Change | 315 | 163 | 8 | 314 |
10-Month High | 0.61% | 4.00% | 4.86% | 0.15% |
10-Month Low | 0.61% | 4.00% | 4.31% | 0.15% |
Adjustments / Mo | 0.00 | 0.00 | 0.38 | 0.00 |
Volatility Score | 0.000 | 0.000 | 0.032 | 0.000 |
How to read these metrics(Click to expand)
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