Axos Bank vs Chime
High-Yield Savings Accounts Comparison

Last Updated: June 20, 2025

Summary of Axos Bank vs. Chime

As of June 20, 2025 Axos Bank offers an APY of 4.66% for its Axos ONE account, compared to Chime's 3.75% APY for its Chime Savings Account account.

Axos Bank yields $91 more than Chime on a $10,000 balance after one year. Axos Bank pays $466, while Chime pays $375 - 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% compared to Chime's 3.75%.
  • Axos Bank has an A+ BBB rating and is BBB Accredited.
  • No maintenance fees for Axos Bank accounts.

Potential Drawbacks

  • Axos Bank requires a minimum average daily balance of $1,500 in ONE Checking for the highest APY.
  • Only offers online banking with no physical branches.

Chime

Strengths

  • Chime allows for a lower minimum balance of $0.01 in the savings account.
  • Chime has a higher App Store rating of 4.8 compared to Axos Bank's 4.7.
  • No maintenance fees for Chime accounts.

Potential Drawbacks

  • Chime has a lower BBB rating of B-.
  • Requires a qualifying direct deposit of $200 for the higher APY.
Summary: Axos Bank offers a significantly higher APY of 4.66% for its high-yield savings account, but requires a $1,500 balance in a linked checking account. In contrast, Chime provides a lower APY of 3.75% but allows a minimal balance of $0.01. Chime's App Store rating is slightly better at 4.8, while Axos holds an A+ BBB rating, compared to Chime's B-. Both banks have no maintenance fees.

Compare Axos Bank's vs Chime's Savings Accounts

Axos BankChime
ProductAxos ONEHigh Yield SavingsvsChime Savings Account
APY
4.66% (as of 6/20/2025)0.61% (as of 6/20/2025)1.25% - 3.75% (as of 6/20/2025)
Bundled Account
YesNoYes
FDIC-insured
YesYesYes
Online OnlyYesYesYes
Compound Frequency
DailyDailyDaily
Minimum Deposit$0$0$0
Minimum Balance for APY$0$0$0.01
Maintenance Fee$0$0$0
Direct Deposit Required
Yes. Min. $1,500/month to ONE Checking.NoYes. You need to receive a qualifying direct deposit of $200 or more within the preceding 34 days
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/AChime® is a financial technology company, not a bank. Banking services provided by The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC. To open a savings account you must first open a checking account. To qualify for Chime+ with the 3.75% APY, you must have a Chime Checking account and receive a direct deposit of at least $200. Otherwise, the APY is 1.25%.
Visit BankAxos ONEHigh Yield SavingsChime Savings Account
App Store Rating4.7/54.8/5
Google Play Rating4.4/54.7/5
BBB RatingA+B-

Comparative Historical APY Insights (Last 5 Months)

Axos BankChime
ProductHigh Yield SavingsAxos ONEvsChime Savings Account
Latest APY0.61 %4.66 %3.75 %
TrendSidewaysFallingRising
Slope (bps/mo)-0.0-6.153.3
Rate Changes / Mo0.000.210.21
Days Since Last Change1438283
High (-5 m)0.61 %4.86 %3.75 %
Low (-5 m)0.61 %4.66 %2.00 %
Draw-down from High0.0 %-4.1 %0.0 %
Volatility (CV)0.0000.0210.287
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 143 days.
Low (-5 m)
Lowest APY in the last 143 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 Chime

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

Chime

APY: 3.75%

Total savings breakdown:

  • Interest earned: $37.5 (3.61%)
  • Total contributions: $0 (0.00%)
  • Initial deposit: $1,000 (96.39%)

Your total balance

$1,037.50

Effective APY: 3.75% (based on your deposit and contributions)

Total balance: $1,037.5

Earnings: $37.5

Bank Details

After 1 year Axos Bank would earn you $9.1 more than Chime.

More Comparisons

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