Axos Bank vs Chime
High-Yield Savings Accounts Comparison
Last Updated: July 16, 2025
Summary of Axos Bank vs. Chime
As of July 16, 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 4.00% APY for the Summit 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.
- Axos Bank has no maintenance fees or minimum balance requirements.
Potential Drawbacks
- Axos Bank requires qualifying deposits to earn the highest APY.
- Axos Bank has no physical branches.
Chime
Strengths
- Chime has a higher App Store rating of 4.8 compared to Axos Bank's 4.7.
- Chime offers a lower minimum balance of $0.01 for its savings account.
Potential Drawbacks
- Chime has a B- BBB rating, indicating lower trustworthiness.
- Chime's APY drops to 1.25% without a qualifying direct deposit.
Summary: Axos Bank provides a superior APY of 4.66% and an A+ BBB rating, while Chime's APY is lower at 3.75% and has a B- rating. Chime requires a direct deposit to maintain its APY, whereas Axos Bank allows for more flexibility. Both banks operate online only, with Axos Bank having no branches and Chime's minimum balance being just $0.01.
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 | 4.66% (as of 7/16/2025) | 4.00% (as of 7/16/2025) | 0.61% (as of 7/16/2025) | 1.25% - 3.75% (as of 7/15/2025) | |
| 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. | N/A | N/A | 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%. | |
| Visit Bank | Axos ONE | Summit Savings | High Yield Savings | Chime Savings Account | |
| App Store Rating | 4.7/5 | 4.8/5 | |||
| Google Play Rating | 4.4/5 | 4.7/5 | |||
| BBB Rating | A+ | B- | |||
Comparative Historical APY Insights (Last 5 Months)
| Axos Bank | Chime | ||||
|---|---|---|---|---|---|
| Product | High Yield Savings | Summit Savings | Axos ONE | vs | Chime Savings Account |
| Latest APY | 0.61 % | 4.00 % | 4.66 % | 3.75 % | |
| Trend | Sideways | Sideways | Sideways | Rising | |
| Slope (bps/mo) | 0.0 | 0.0 | -4.9 | 43.1 | |
| Rate Changes / Mo | 0.00 | 0.00 | 0.18 | 0.18 | |
| Days Since Last Change | 167 | 16 | 106 | 107 | |
| High (-5 m) | 0.61 % | 4.00 % | 4.86 % | 3.75 % | |
| Low (-5 m) | 0.61 % | 4.00 % | 4.66 % | 2.00 % | |
| Draw-down from High | 0.0 % | 0.0 % | -4.1 % | 0.0 % | |
| Volatility (CV) | 0.000 | 0.000 | 0.020 | 0.270 | |
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 167 days.
- Low (-5 m)
- Lowest APY in the last 167 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 DetailsChime
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 DetailsAfter 1 year Axos Bank would earn you $9.1 more than Chime.
More Comparisons
Compare Axos Bank's APY of 4.66% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| Axos Bank vs Ally Bank | 3.50% | $0 |
| Axos Bank vs American Express | 3.60% | $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 | 5.00% | $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 | 3.60% | $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 | 5.00% | $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 Varo Bank | 5.00% | $0 |
| Chime vs Wells Fargo | 2.51% | $25 |