Axos Bank vs. Ivy Bank
Axos Bank's Axos ONE Savings pays 4.21% APY while Ivy Bank's High-Yield Savings Account pays 3.85% APY.
Note: Axos Bank's Axos ONE Savings also needs 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 $36 more than Ivy Bank annually ($421 vs $385).
Choose Axos Bank if getting the best rate matters most, or you're an Android user (no Android app for Ivy Bank). Choose Ivy Bank if you want a no-strings-attached account.
Important Considerations
Axos Bank's Axos ONE Savings pays its top rate only if you also open a checking account with Axos Bank, while Ivy Bank's High-Yield Savings Account stands alone.
| Metric | Axos BankAxos ONE Savings Aug 22, 2026 | Ivy BankHigh-Yield Savings Account Aug 21, 2026 |
|---|---|---|
| APY | 3.50% - 4.21% | 3.85% |
Est. Earnings | $5,000+$211 $10,000+$421 $25,000+$1,053 | $5,000+$193 $10,000+$385 $25,000+$963 |
Min Deposit | $0 | $2,500 |
Snapshot view. Rates subject to change. | ||
Terms | The APY is available with the Axos ONE savings and checking bundle. The checking account also earns interest. 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 CompoundingStable Rate | FDIC InsuredMod. MinimumGreat iOS AppDaily CompoundingRate Changes Often |
Prefer In-Person Banking?
Both of these institutions are online-only. If you need in-branch access, check out our list of savings accounts with brick-and-mortar locations.
Executive Summary
Axos Bank offers a competitive high-yield savings option with its Axos ONE Savings account, providing an APY of 4.21%. This rate is available when bundled with a checking account, and customers must set up a direct deposit or meet certain balance requirements. In contrast, Ivy Bank's High-Yield Savings Account offers an APY of 3.85%, which is slightly lower. While Ivy Bank's account does not require a checking account, it does have a minimum deposit and balance requirement of $250,000. Overall, Axos Bank's Axos ONE Savings stands out as the higher-yielding option.
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?
- ✓Access to 95,000 fee-free ATMs
- ✓Higher potential APY (3.50%-4.21% vs 3.85%) on all balances
- ✓Higher rated Android app (4.6 vs 0.0)
- ✓Offers 3 different high-yield savings options
Why Ivy Bank?
No distinct advantages found vs Axos Bank.
Key Feature Differences
Better Returns at $10,000
Axos BankAxos Bank's Axos ONE Savings earns more on smaller deposits (approx. $421 vs $385/yr).
Better Returns at $25,000
Axos BankAxos Bank's Axos ONE Savings pulls ahead with larger amounts (approx. $1053 vs $963/yr).
Best for All-in-One Banking
Axos BankAxos Bank's Axos ONE Savings pays a superior APY for customers who also open a checking account.
Best Mobile App Experience
Axos BankAxos Bank offers an iOS app rated 4.7 (vs. 4.6) and Android app rated 4.6 (vs. 0.0)
Shared Benefits
Over a 1-year period, Axos Bank's Axos ONE Savings pays $36 more interest on a $10,000 balance than Ivy Bank's High-Yield 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. Ivy Bank Savings Calculator
You earn $36 more with Axos Bank than Ivy Bank 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
Savings Breakdown
- Interest Earned+$421.00(4.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,421.00
Ivy Bank
High-Yield Savings Account
Savings Breakdown
- Interest Earned+$385.00(3.7%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,385.00
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 $384 per year in interest.
Both Axos Bank and Ivy Bank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Axos Bank | Ivy Bank |
|---|---|---|
| APY | 4.21% Range: 3.50% - 4.21% Verified: 8/22/2026 Stable (90d) | 3.85% Verified: 8/21/2026 Stable (90d) |
| Product Name | Axos ONE Savings | High-Yield Savings Account |
| Minimum Deposit | $0 | $2,500 |
| Min. Balance for APY | $0 | $2,500 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Daily |
| In-Branch Access | No | No |
| Account Type | Online Only | Online Only |
| Physical Branches | 3 (CA, NV, UT) | Not reported |
| Direct Deposit Req. | None | None |
| Checking Bundle | Yes | No |
| Mobile Apps | ||
| FDIC or NCUA Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Not Supported | Not Supported |
| BBB Rating | A+ | A- |
| Important Notes | The APY is available with the Axos ONE savings and checking bundle. The checking account also earns interest. 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 Ivy Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Axos Bank | Ivy Bank | ||
|---|---|---|---|---|
| Axos ONE Savings | Summit Savings | High Yield Savings | High-Yield Savings Account | |
Current APY | 4.21% | 3.75% | 0.61% | 3.85% |
Trend | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | -4.0 | -5.8 | -0.0 | -6.8 |
Days Since Change | 201 | 254 | 282 | 185 |
9-Month High | 4.51% | 4.00% | 0.61% | 4.25% |
9-Month Low | 4.21% | 3.75% | 0.61% | 3.85% |
Adjustments / Mo | 0.21 | 0.11 | 0.00 | 0.32 |
Volatility Score | 0.022 | 0.032 | 0.000 | 0.024 |
How to read these metrics(Click to expand)
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Compare Axos Bank's APY of 4.21% with other banks
Compare Ivy Bank's APY of 3.85% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Ivy Bank vs Ally Bank | 3.00% | $0 |
| Ivy Bank vs American Express | 3.00% | $0 |
| Ivy Bank vs Barclays | 3.65% | $0 |
| Ivy Bank vs Capital One | 3.50% | $0 |
| Ivy Bank vs Chime | 3.75% | $0 |
| Ivy Bank vs CIT Bank | 3.75% | $100 |
| Ivy Bank vs EverBank | 3.90% | $0 |
| Ivy Bank vs Marcus by Goldman Sachs | 3.40% | $0 |
| Ivy Bank vs Newtek Bank | 4.20% | $100 |
| Ivy Bank vs Openbank | 3.80% | $500 |
| Ivy Bank vs Pibank | 4.10% | $0 |
| Ivy Bank vs SoFi Bank | 3.80% | $0 |
| Ivy Bank vs Synchrony Bank | 3.30% | $0 |
| Ivy Bank vs Varo Bank | 3.75% | $0 |
| Ivy Bank vs Wealthfront | 3.95% | $0 |