Axos Bank vs. E*TRADE from Morgan Stanley
Comparing Axos Bank and E*TRADE from Morgan Stanley for high-yield savings: Axos Bank's Axos ONE pays 4.21% APY while E*TRADE from Morgan Stanley's Premium Savings Account pays 3.35% APY.
Note: Axos Bank requires a checking account.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Axos Bank pays $86 more than E*TRADE from Morgan Stanley annually ($421 vs $335).
Choose Axos Bank if getting the best rate matters most, or BBB rating matters to you. Choose E*TRADE from Morgan Stanley if you want a no-strings-attached account, or you want Zelle for quick transfers.
Important Considerations
Axos Bank requires a checking account to unlock its top savings rate, while E*TRADE from Morgan Stanley offers its savings account standalone.
| Metric | Axos BankAxos ONE Mar 24, 2026 | E*TRADE from Morgan StanleyPremium Savings Account Mar 24, 2026 |
|---|---|---|
| APY | 4.21% | 3.35% |
Est. Earnings | $5,000+$211 $10,000+$421 $25,000+$1,053 | $5,000+$168 $10,000+$335 $25,000+$838 |
Min Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | The 4.21% 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. | - |
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppChecking BundleDaily CompoundingRate Changes Often | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® SupportedDaily CompoundingRate Changes Often |
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.
Comparison Analysis
Comparing Axos Bank vs. E*TRADE from Morgan Stanley
Executive Summary
Axos Bank offers a competitive savings option with its Axos ONE product, providing a high APY of 4.21% when bundled with a checking account, alongside the Summit Savings account at 3.75% APY, which requires no direct deposit or minimum balance, making it a simpler choice. In contrast, E*TRADE from Morgan Stanley features a Premium Savings Account with a lower APY of 3.35%. While both banks provide online-only services and no maintenance fees, Axos Bank's offerings yield higher returns, especially for those willing to meet the conditions for the Axos ONE account.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Axos Bank?
- ✓Earn 0.51% APY on checking account
- ✓Access to 95,000 fee-free ATMs
- ✓Higher potential APY (3.75%-4.21% vs 3.35%) on all balances
- ✓Offers 2 different high-yield savings options
Why E*TRADE from Morgan Stanley?
- ✓Fast transfers via Zelle®
— Key Feature Differences —
Better Returns at $10,000
Axos BankAxos Bank's Axos ONE earns more on smaller deposits (approx. $421 vs $335/yr).
Better Returns at $25,000
Axos BankAxos Bank's Axos ONE pulls ahead with larger amounts (approx. $1053 vs $838/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.
Shared Benefits
Over a 1-year period, Axos Bank's Axos ONE pays $86 more interest on a $10,000 balance than E*TRADE from Morgan Stanley's Premium Savings Account.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
* Secure link to our partner
Non-sponsored link to official site
Top Market Contenders
Axos Bank vs. E*TRADE from Morgan Stanley Savings Calculator
You earn $86 more with Axos Bank than E*TRADE from Morgan Stanley 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+$421.00(4.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,421.00
E*TRADE from Morgan Stanley
Premium Savings Account
Savings Breakdown
- Interest Earned+$335.00(3.2%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,335.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Still banking with Chase, Bank of America, or Wells Fargo?
On a $10,000 balance, you're missing out on at least $334 per year in interest.
Both Axos Bank and E*TRADE from Morgan Stanley dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Axos Bank | E*TRADE from Morgan Stanley |
|---|---|---|
| APY | 4.21% Verified: 3/24/2026 ↘︎ 0.10%90d Change | 3.35% Verified: 3/24/2026 ↘︎ 0.15%90d Change |
| Product Name | Axos ONE | Premium Savings Account |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0+ |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Daily |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Physical Branches | None | None |
| Direct Deposit Req. | Not required, but is the easiest way to earn the highest APY. | None |
| Checking Bundle | Yes | No |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Not Supported | Available Available for Premium Savings and Checking. |
| BBB Rating | A+ | D- |
| Important Notes | The 4.21% 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. | - |
| Next Steps | Visit SiteGo to Axos Bank * Secure link to our partner | Visit SiteVerify at E*TRADE from Morgan Stanley Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Axos Bank | E*TRADE from Morgan Stanley | ||
|---|---|---|---|---|
| Summit Savings | Axos ONE | High Yield Savings | Premium Savings Account | |
Current APY | 3.75% | 4.21% | 0.61% | 3.35% |
Trend | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | -4.1 | -4.6 | -0.0 | -6.5 |
Days Since Change | 103 | 52 | 365 | 49 |
12-Month High | 4.00% | 4.86% | 0.61% | 4.00% |
12-Month Low | 3.75% | 4.21% | 0.61% | 3.35% |
Adjustments / Mo | 0.08 | 0.41 | 0.00 | 0.25 |
Volatility Score | 0.032 | 0.039 | 0.000 | 0.067 |
How to read these metrics(Click to expand)
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