Axos Bank vs Chime
High-Yield Savings Accounts Comparison
Last Updated: August 29, 2025
We earn a commission if you open an account through some links on this page.
Summary of Axos Bank vs. Chime
As of August 29, 2025 Axos Bank offers an APY of 4.46% for its Axos ONE account, compared to Chime's 3.75% APY for its Chime Savings Account account.
Axos Bank yields $71 more than Chime on a $10,000 balance after one year. Axos Bank pays $446, while Chime pays $375 - 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 higher APY of 4.46% compared to Chime's 3.75%.
- Axos Bank has an A+ BBB rating and is BBB Accredited.
- Axos Bank has no direct deposit requirement for its accounts.
Potential Drawbacks
- Axos Bank's APY decreased from 4.66% in the last 30 days.
- Axos Bank has no physical branches.
- Axos Bank's highest APY requires maintaining a balance of $1,500.
Chime
Strengths
- Chime offers a 4.8 App Store rating, higher than Axos Bank's 4.7.
- Chime has a 4.7 Google Play rating, surpassing Axos Bank's 4.5.
- Chime requires no minimum balance for its savings account.
Potential Drawbacks
- Chime's APY is lower at 3.75% compared to Axos Bank's 4.46%.
- Chime requires a direct deposit of $200 to qualify for its APY.
- Chime has an A- BBB rating, lower than Axos Bank's A+.
Summary: Axos Bank outperforms Chime in APY with 4.46% versus 3.75%, but requires a direct deposit and higher balance for the best rate. Axos also holds a better BBB rating (A+) compared to Chime's A-. Chime, however, offers higher app ratings and has no minimum balance requirement, but its APY is contingent on direct deposits. Both banks operate online only with no physical branches.
Compare Axos Bank's vs Chime's Savings Accounts
| Axos Bank | Chime | ||||
|---|---|---|---|---|---|
| Product | Axos ONE | Summit Savings | High Yield Savings | vs | Chime Savings Account |
| APY | 4.46% (as of 8/29/2025) | 4.00% (as of 8/29/2025) | 0.61% (as of 8/29/2025) | 1.25% - 3.75% (as of 8/29/2025) | |
| Bundled Account | Yes | No | No | Yes | |
| FDIC-insured | Yes | Yes | Yes | Yes | |
| Online Only | Yes | Yes | Yes | Yes | |
| Compound Frequency | Daily | Daily | Daily | Daily | |
| Minimum Deposit | $0 | $0 | $0 | $0 | |
| Minimum Balance for APY | $0 | $0 | $0 | $0.01 | |
| Maintenance Fee | $0 | $0 | $0 | $0 | |
| Direct Deposit Required | No. Not required, but is the easiest way to earn the highest APY. | No | No | Yes. You need to receive a qualifying direct deposit of $200 or more within the preceding 34 days | |
| Note | This 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. | Chime® 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%. | |||
| Sponsored Link | LEARN MORE at Axos Bank, Member FDIC | ||||
| App Store Rating | 4.7/5 | 4.8/5 | |||
| Google Play Rating | 4.5/5 | 4.7/5 | |||
| BBB Rating | A+ | A- | |||
Comparative Historical APY Insights (Last 7 Months)
| Axos Bank | Chime | ||||
|---|---|---|---|---|---|
| Product | High Yield Savings | Summit Savings | Axos ONE | vs | Chime Savings Account |
| Latest APY | 0.61 % | 4.00 % | 4.46 % | 3.75 % | |
| Trend | Sideways | Sideways | Falling | Rising | |
| Slope (bps/mo) | 0.0 | 0.0 | -5.5 | 29.3 | |
| Rate Changes / Mo | 0.00 | 0.00 | 0.28 | 0.14 | |
| Days Since Last Change | 211 | 61 | 29 | 152 | |
| High (-7 m) | 0.61 % | 4.00 % | 4.86 % | 3.75 % | |
| Low (-7 m) | 0.61 % | 4.00 % | 4.46 % | 2.00 % | |
| Draw-down from High | 0.0 % | 0.0 % | -8.2 % | 0.0 % | |
| Volatility (CV) | 0.000 | 0.000 | 0.027 | 0.239 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 7 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 (-7 m)
- Highest APY in the last 212 days.
- Low (-7 m)
- Lowest APY in the last 212 days.
- Draw-down from High
- How far today sits below the 7-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: 4.46%
Total savings breakdown:
- Interest earned: $2,733.9 (13.19%)
- Total contributions: $13,000 (62.70%)
- Initial deposit: $5,000 (24.12%)
Your total balance
$20,733.90
Effective APY: 4.46% (based on your deposit and contributions)
Total balance: $20,733.9
Earnings: $2,733.9
Chime
APY: 3.75%
Total savings breakdown:
- Interest earned: $2,273.8 (11.22%)
- Total contributions: $13,000 (64.12%)
- Initial deposit: $5,000 (24.66%)
Your total balance
$20,273.80
Effective APY: 3.75% (based on your deposit and contributions)
Total balance: $20,273.8
Earnings: $2,273.8
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Axos Bank's total earnings would be $460.1 higher than Chime's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
More Comparisons
Compare Axos Bank's APY of 4.46% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| Axos Bank vs Ally Bank | 3.50% | $0 |
| Axos Bank vs American Express | 3.50% | $0 |
| Axos Bank vs Bank of America | 0.01% | $100 |
| Axos Bank vs Barclays | 4.10% | $0 |
| Axos Bank vs Capital One | 3.50% | $0 |
| Axos Bank vs Chase Bank | 0.01% | $0 |
| Axos Bank vs CIT Bank | 4.00% | $100 |
| Axos Bank vs Discover Bank | 3.50% | $0 |
| Axos Bank vs Fitness Bank | 4.85% | $100 |
| Axos Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| Axos Bank vs Presidential Bank | 4.50% | $5,000 |
| Axos Bank vs SoFi Bank | 3.80% | $0 |
| Axos Bank vs Synchrony Bank | 3.80% | $0 |
| Axos Bank vs Varo Bank | 5.00% | $0 |
| Axos Bank vs Wells Fargo | 2.51% | $25 |
Compare Chime's APY of 3.75% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| Chime vs Ally Bank | 3.50% | $0 |
| Chime vs American Express | 3.50% | $0 |
| Chime vs Bank of America | 0.01% | $100 |
| Chime vs Barclays | 4.10% | $0 |
| Chime vs Capital One | 3.50% | $0 |
| Chime vs Chase Bank | 0.01% | $0 |
| Chime vs CIT Bank | 4.00% | $100 |
| Chime vs Discover Bank | 3.50% | $0 |
| Chime vs Fitness Bank | 4.85% | $100 |
| Chime vs Marcus by Goldman Sachs | 3.65% | $0 |
| Chime vs Presidential Bank | 4.50% | $5,000 |
| Chime vs SoFi Bank | 3.80% | $0 |
| Chime vs Synchrony Bank | 3.80% | $0 |
| Chime vs UFB Direct | 4.21% | $5000 |
| Chime vs Varo Bank | 5.00% | $0 |
| Chime vs Wells Fargo | 2.51% | $25 |