Axos Bank vs. Citibank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 12, 2025
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Summary of Axos Bank vs. Citibank
Key Metrics at a Glance
| Feature | Axos Bank | Citibank |
|---|---|---|
| Top Savings APY | 4.51% Axos ONE | 3.35% Citi Accelerate Savings |
| Minimum to Open | $0 | $0 |
| Minimum Balance for Top APY | $0 | $0.01 |
| 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. |
Axos Bank
Strengths
- Axos Bank offers a high APY of 4.51% with the Axos ONE account.
- Axos Bank has an A+ BBB rating and is BBB Accredited.
- No maintenance fees for any account at Axos Bank.
Potential Drawbacks
- Axos Bank has no physical branches.
- Direct deposit is required to earn the highest APY with Axos ONE.
Citibank
Strengths
- Citibank has a higher App Store rating of 4.9.
- Citibank offers U.S. branches in major metropolitan areas.
Potential Drawbacks
- Citibank's highest APY is lower at 3.35%.
- Citibank has a D- BBB rating and is not BBB Accredited.
- Maintenance fees apply unless balance requirements are met.
Summary: Axos Bank provides a significantly higher APY of 4.51% compared to Citibank's 3.35%, alongside no maintenance fees and a strong A+ BBB rating. However, Axos Bank lacks physical branches and requires direct deposit for the highest APY. Citibank offers branch access in major cities and higher app ratings but has lower APY, maintenance fees, and a poor BBB rating.
→ As of November 12, 2025 Axos Bank offers an APY of 4.51% for its Axos ONE account, with a minimum balance of $0, compared to Citibank's 3.35% APY for its Citi Accelerate Savings account, with a minimum balance of $0.01.
→ Axos Bank yields $116 more than Citibank on a $10,000 balance after one year. Axos Bank pays $451, while Citibank pays $335 - an APY advantage for Axos Bank.
→ In addition, Axos Bank also offers 4.00% APY for the Summit Savings account, while Citibank offers 0.03% APY for the Citi® Savings Account account.
Calculate Savings Growth for Axos Bank vs Citibank
All calculations are based on APY.
Axos Bank - Axos ONE
Top APY: 4.51%
Total savings breakdown:
- Interest earned: $2,766.7 (13.32%)
- Total contributions: $13,000 (62.60%)
- Initial deposit: $5,000 (24.08%)
Your total balance
$20,766.70
Effective APY: 4.51% (based on your deposit and contributions)
Total balance: $20,766.7
Earnings: $2,766.7
Citibank - Citi Accelerate Savings
Top APY: 3.35%
Total savings breakdown:
- Interest earned: $2,018.8 (10.08%)
- Total contributions: $13,000 (64.94%)
- Initial deposit: $5,000 (24.98%)
Your total balance
$20,018.80
Effective APY: 3.35% (based on your deposit and contributions)
Total balance: $20,018.8
Earnings: $2,018.8
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Axos Bank's total earnings would be $747.9 higher than Citibank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Axos Bank's vs Citibank's Savings Accounts
| Axos Bank | Citibank | |||||
|---|---|---|---|---|---|---|
| Product | Axos ONE | Summit Savings | High Yield Savings | vs | Citi Accelerate Savings | Citi® Savings Account |
| APY | 4.51% (as of 11/12/2025) | 4.00% (as of 11/12/2025) | 0.61% (as of 11/12/2025) | 3.35% (as of 11/12/2025) | 0.03% (as of 11/12/2025) | |
| Bundled Account | Yes | No | No | No | No | |
| FDIC-insured | Yes | Yes | Yes | Yes | Yes | |
| Online Only | Yes | Yes | Yes | Yes | No | |
| Compound Frequency | Daily | Daily | Daily | Daily | Daily | |
| Minimum Deposit | $0 | $0 | $0 | $0 | $0 | |
| Minimum Balance for APY | $0 | $0 | $0 | $0.01 | $0.01 | |
| Maintenance Fee | $0 | $0 | $0 | $4.50. Waived for average monthly balances > $500 | $4.50. Waived for average monthly balances > $500 | |
| Direct Deposit Required | No. Not required, but is the easiest way to earn the highest APY. | No | No | No | No | |
| Eligibility | United States | United States | United States | Alaska, Alabama, Arkansas, Arizona, Colorado, Delaware, Florida (select parts), Georgia, Hawaii, Iowa, Idaho, Illinois (select parts), Indiana, Kansas, Kentucky, Louisiana, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Mexico, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia (partial), Washington (partial), Wisconsin, West Virginia, Wyoming. | California, Connecticut, Maryland, Nevada, New Jersey, New York, Virginia (partial), Washington D.C., and select parts of Florida and Illinois. In addition, promotional rates may be available if requirements are met. | |
| 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. | |||||
| Sponsored Link | LEARN MORE at Axos Bank, Member FDIC | |||||
| App Store Rating | 4.7/5 | 4.9/5 | ||||
| Google Play Rating | 4.5/5 | 4.8/5 | ||||
| BBB Rating | A+ | D- | ||||
Comparative Historical APY Insights (Last 9 Months)
| Axos Bank | Citibank | |||||
|---|---|---|---|---|---|---|
| Product | High Yield Savings | Summit Savings | Axos ONE | vs | Citi® Savings Account | Citi Accelerate Savings |
| Latest APY | 0.61 % | 4.00 % | 4.51 % | 0.03 % | 3.35 % | |
| Trend | Sideways | Sideways | Sideways | Sideways | Sideways | |
| Slope (bps/mo) | 0.0 | 0.0 | -4.5 | 0.0 | -4.8 | |
| Rate Changes / Mo | 0.00 | 0.00 | 0.31 | 0.00 | 0.52 | |
| Days Since Last Change | 289 | 136 | 41 | 289 | 9 | |
| High (-9 m) | 0.61 % | 4.00 % | 4.86 % | 0.03 % | 3.80 % | |
| Low (-9 m) | 0.61 % | 4.00 % | 4.46 % | 0.03 % | 3.35 % | |
| Draw-down from High | 0.0 % | 0.0 % | -7.2 % | 0.0 % | -11.8 % | |
| Volatility (CV) | 0.000 | 0.000 | 0.031 | 0.000 | 0.039 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 9 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 (-9 m)
- Highest APY in the last 289 days.
- Low (-9 m)
- Lowest APY in the last 289 days.
- Draw-down from High
- How far today sits below the 9-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.