Axos Bank vs. Citibank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Axos BankAxos ONE Jan 7, 2026 | CitibankCiti Accelerate Savings Jan 7, 2026 |
|---|---|---|
| APY | 4.31% | 3.30% |
Est. Earnings | $5,000+$216 $10,000+$431 $25,000+$1,078 | $5,000+$165 $10,000+$330 $25,000+$825 |
Min Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | The 4.31% APY is available with the Axos ONE savings and checking bundle. The checking account earns 0.51% APY. 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. | Eligibility restricted to select states. |
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppChecking Bundle | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® Supported |
Prefer In-Person Banking?
Both of these banks are online-only. If you need physical branch access, check out our list of high-yield accounts with brick-and-mortar locations.
As of Axos Bank offers an APY of 4.31% for its Axos ONE account, with a minimum balance of $0, compared to Citibank's 3.30% APY for its Citi Accelerate Savings account, with a minimum balance of $0.01.
Axos Bank pays $101 more than Citibank on a $10,000 balance after one year. Axos Bank pays $431, while Citibank pays $330 - an APY advantage for Axos Bank.
In addition, Axos Bank also offers 3.75% APY for the Summit Savings account, with a minimum balance of $0, while Citibank offers 0.03% APY for the Citi® Savings Account account, with a minimum balance of $0.01.
Why Axos Bank?
- ✓Earn 0.51% APY on checking account
- ✓Access to 95,000 fee-free ATMs
- ✓Higher potential APY (3.75%-4.31% vs 3.30%) on all balances
- ✓Offers 2 different high-yield savings options
- ✓Available Nationwide
Why Citibank?
- ✓Physical branch access (U.S. branches are concentrated in six metropolitan areas, New York City, Chicago, Los Angeles, San Francisco, Washington, D.C., and Miami.)
- ✓Fast transfers via Zelle® (up to $2,500 a day)
— Key Feature Differences —
Better Returns at $10,000
Axos BankAxos Bank's Axos ONE earns more on smaller deposits (approx. $431 vs $330/yr).
Better Returns at $25,000
Axos BankAxos Bank's Axos ONE pulls ahead with larger amounts (approx. $1078 vs $825/yr).
Best for Simplicity
Axos BankAxos Bank's Summit Savings offers 3.75% APY with no bundling, direct deposit requirement or caps.
Best for All-in-One Banking
Axos BankAxos Bank's Axos ONE pays a superior APY for customers who also open a checking account.
Best Mobile App Experience
CitibankCitibank offers an iOS app rated 4.9 (vs. 4.7) and Android app rated 4.8 (vs. 4.5)
Shared Benefits
Over a 1-year period, Axos Bank's Axos ONE pays $101 more interest on a $10,000 balance than Citibank's Citi Accelerate Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
Axos Bank outperforms Citibank with its Axos ONE savings account, offering a competitive APY of 4.31%, which is significantly higher than Citibank's Citi Accelerate Savings at 3.30%. The Axos ONE account requires a checking account and allows customers to earn the highest APY by setting up a direct deposit or maintaining a higher balance. For those seeking simpler options, Axos Bank also provides a Summit Savings account with a 3.75% APY without any bundling or direct deposit requirements. In contrast, Citibank's offerings are limited by state eligibility and have a lower yield, making Axos Bank the clear winner in terms of savings potential.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
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Axos Bank vs. Citibank Savings Calculator
You earn $101 more with Axos Bank than Citibank on a $10,000 initial deposit for 1 year*.
*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.
Axos Bank
Axos ONE
Savings Breakdown
- Interest Earned+$431.00(4.1%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,431.00
Citibank
Citi Accelerate Savings
Savings Breakdown
- Interest Earned+$330.00(3.2%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,330.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Axos Bank | Citibank |
|---|---|---|
| APY | 4.31% Verified: 1/7/2026 ↘︎ 0.20%90d Change | 3.30% Verified: 1/7/2026 ↘︎ 0.10%90d Change |
| Product Name | Axos ONE | Citi Accelerate Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0.01 |
| Monthly Fee | $0 | $4.50. Waived for average monthly balances > $500 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | Not required, but is the easiest way to earn the highest APY. | None |
| Checking Bundle | Yes | No |
| Mobile Apps | iOS4.7 Android4.5 | iOS4.9 Android4.8 |
| Zelle® Support | Not Supported | Available Limit: $2,500/dayTiered limits based on account status (Citigold higher). |
| BBB Rating | A+ | D- |
| Important Notes | The 4.31% APY is available with the Axos ONE savings and checking bundle. The checking account earns 0.51% APY. 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. | Eligibility restricted to select states. |
| Next Steps | Visit SiteGo to Axos Bank * Secure link to our partner | Visit SiteVerify at Citibank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Axos Bank | Citibank | |||
|---|---|---|---|---|---|
| High Yield Savings | Summit Savings | Axos ONE | Citi® Savings Account | Citi Accelerate Savings | |
Current APY | 0.61% | 3.75% | 4.31% | 0.03% | 3.30% |
Trend | Stable | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | -0.0 | -3.1 | -4.6 | 0.0 | -4.8 |
Days Since Change | 344 | 27 | 36 | 344 | 50 |
11-Month High | 0.61% | 4.00% | 4.86% | 0.03% | 3.80% |
11-Month Low | 0.61% | 3.75% | 4.31% | 0.03% | 3.30% |
Adjustments / Mo | 0.00 | 0.09 | 0.35 | 0.00 | 0.52 |
Volatility Score | 0.000 | 0.024 | 0.037 | 0.000 | 0.047 |
How to read these metrics(Click to expand)
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