Axos Bank vs. Everbank

High-Yield Savings Account Comparison

By Aviel Fahl|Last Updated: October 21, 2025

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Summary of Axos Bank vs. EverBank

Key Metrics at a Glance

FeatureAxos BankEverBank
Top Savings APY

4.51%

Axos ONE

4.05%

Performance Savings

Minimum to Open$0$0
Minimum Balance for Top APY$0$0
NoteThis 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 higher APY of 4.51% compared to EverBank's 4.05%.
  • Axos Bank has an A+ BBB rating and is BBB Accredited.
  • Axos Bank has a higher App Store rating of 4.7 vs. EverBank's 2.3.

Potential Drawbacks

  • Axos Bank has no physical branches, operating entirely online.

EverBank

Strengths

  • EverBank has 11 physical locations in Florida and California.

Potential Drawbacks

  • EverBank's App Store rating is low at 2.3 and Google Play rating is 1.8.
  • EverBank is not BBB Accredited despite having an A+ rating.
Summary: Axos Bank outperforms EverBank with a higher APY of 4.51% versus 4.05%, and boasts a better BBB rating and App Store rating. However, EverBank offers physical branch access, which may appeal to some customers. Both banks have no maintenance fees and no minimum balance requirements, but Axos Bank's online-only model may deter those preferring in-person banking.

→ As of October 21, 2025 Axos Bank offers an APY of 4.51% for its Axos ONE account, with a minimum balance of $0, compared to EverBank's 4.05% APY for its Performance Savings account, with a minimum balance of $0.

Axos Bank yields $46 more than EverBank on a $10,000 balance after one year. Axos Bank pays $451, while EverBank pays $405 - an APY advantage for Axos Bank.

→ In addition, Axos Bank also offers 4.00% APY for the Summit Savings account.

Calculate Savings Growth for Axos Bank vs EverBank

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

EverBank - Performance Savings

Top APY: 4.05%

Total savings breakdown:

  • Interest earned: $2,467 (12.05%)
  • Total contributions: $13,000 (63.52%)
  • Initial deposit: $5,000 (24.43%)

Your total balance

$20,467.00

Effective APY: 4.05% (based on your deposit and contributions)

Total balance: $20,467

Earnings: $2,467

Bank Overview

With a $5,000 initial deposit and $13,000 in total contributions over 5 years, Axos Bank's total earnings would be $299.7 higher than EverBank's total earnings.

The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.

Compare Axos Bank's vs EverBank's Savings Accounts

Axos BankEverBank
ProductAxos ONESummit SavingsHigh Yield SavingsvsPerformance Savings
APY
4.51% (as of 10/21/2025)4.00% (as of 10/21/2025)0.61% (as of 10/21/2025)4.05% (as of 10/21/2025)
Bundled Account
YesNoNoNo
FDIC-insured
YesYesYesYes
Online OnlyYesYesYesYes
Compound Frequency
DailyDailyDailyDaily
Minimum Deposit$0$0$0$0
Minimum Balance for APY$0$0$0$0
Maintenance Fee$0$0$0$0
Direct Deposit Required
No. Not required, but is the easiest way to earn the highest APY.NoNoNo
NoteThis 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.
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App Store Rating4.7/52.3/5
Google Play Rating4.5/51.8/5
BBB RatingA+A+

Comparative Historical APY Insights (Last 10 Months)

Axos BankEverBank
ProductHigh Yield SavingsSummit SavingsAxos ONEvsPerformance Savings
Latest APY0.61 %4.00 %4.51 %4.05 %
TrendSidewaysSidewaysSidewaysSideways
Slope (bps/mo)-0.00.0-4.8-1.9
Rate Changes / Mo0.000.000.290.29
Days Since Last Change2861131832
High (-10 m)0.61 %4.00 %4.86 %4.75 %
Low (-10 m)0.61 %4.00 %4.46 %4.05 %
Draw-down from High0.0 %0.0 %-7.2 %-14.7 %
Volatility (CV)0.0000.0000.0320.021
APY Insights Glossary
Latest APY
Most recent advertised annual-percentage yield.
Trend
Direction over the last 10 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 (-10 m)
Highest APY in the last 308 days.
Low (-10 m)
Lowest APY in the last 308 days.
Draw-down from High
How far today sits below the 10-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.

More Comparisons

Compare Axos Bank's APY of 4.51% with other banks
Compare EverBank's APY of 4.05% with other banks