Axos Bank vs Chase Bank
High-Yield Savings Accounts Comparison

Last Updated: July 15, 2025

Summary of Axos Bank vs. Chase Bank

As of July 15, 2025 Axos Bank offers an APY of 4.66% for its Axos ONE account, compared to Chase Bank's 0.01% APY for its Chase Savings℠ account.

Axos Bank yields $465 more than Chase Bank on a $10,000 balance after one year. Axos Bank pays $466, while Chase Bank pays $1 - 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 high APY of 4.66% with the Axos ONE account.
  • Axos Bank has an A+ BBB rating and is BBB Accredited.
  • Axos Bank has no maintenance fees on its savings accounts.

Potential Drawbacks

  • Axos Bank requires either direct deposit or qualifying deposits to earn the highest APY.
  • Axos Bank has no physical branches.

Chase Bank

Strengths

  • Chase Bank has a higher App Store rating of 4.8.
  • Chase Bank offers a savings account with no minimum deposit requirement.

Potential Drawbacks

  • Chase Bank has a very low APY of 0.01%.
  • Chase Bank charges a $5 maintenance fee on its savings account.
Summary: Axos Bank provides a significantly higher APY of 4.66% for its high-yield savings account compared to Chase Bank's 0.01%. While Axos Bank has no maintenance fees and an A+ BBB rating, it requires direct deposits or qualifying deposits to access the highest APY. In contrast, Chase Bank has a higher App Store rating but charges a maintenance fee and offers a much lower APY.

Compare Axos Bank's vs Chase Bank's Savings Accounts

Axos BankChase Bank
ProductAxos ONESummit SavingsHigh Yield SavingsvsChase Savings℠
APY
4.66% (as of 7/15/2025)4.00% (as of 7/15/2025)0.61% (as of 7/15/2025)0.01% (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$5
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/AAPY may vary by market. The maintenance fee may be waived under some circumstances, such as if the account balance is maintained with at least $300 each day, or you set up automatic transfers from a linked Chase account, etc.
Visit BankAxos ONESummit SavingsHigh Yield SavingsChase Savings℠
App Store Rating4.7/54.8/5
Google Play Rating4.4/54.5/5
BBB RatingA+A-

Comparative Historical APY Insights (Last 6 Months)

Axos BankChase Bank
ProductHigh Yield SavingsSummit SavingsAxos ONEvsChase Savings℠
Latest APY0.61 %4.00 %4.66 %0.01 %
TrendSidewaysSidewaysSidewaysSideways
Slope (bps/mo)-0.00.0-5.00.0
Rate Changes / Mo0.000.000.180.00
Days Since Last Change16715105167
High (-6 m)0.61 %4.00 %4.86 %0.01 %
Low (-6 m)0.61 %4.00 %4.66 %0.01 %
Draw-down from High0.0 %0.0 %-4.1 %0.0 %
Volatility (CV)0.0000.0000.0200.000
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 168 days.
Low (-6 m)
Lowest APY in the last 168 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 Chase Bank

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

Chase Bank

APY: 0.01%

Total savings breakdown:

  • Interest earned: $0.1 (0.01%)
  • Total contributions: $0 (0.00%)
  • Initial deposit: $1,000 (99.99%)

Your total balance

$1,000.10

Effective APY: 0.01% (based on your deposit and contributions)

Total balance: $1,000.1

Earnings: $0.1

Bank Details

After 1 year Axos Bank would earn you $46.5 more than Chase Bank.

More Comparisons

Compare Axos Bank's APY of 4.66% with other banks
Compare Chase Bank's APY of 0.01% with other banks