Axos Bank vs. Ivy Bank
Comparing Axos Bank and Ivy Bank for high-yield savings: Axos Bank's Axos ONE pays 4.21% APY while Ivy Bank's High-Yield Savings Account pays 3.85% 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 $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. Choose Ivy Bank if you want a no-strings-attached account.
Important Considerations
Axos Bank requires a checking account to unlock its top savings rate, while Ivy Bank offers its savings account standalone.
| Metric | Axos BankAxos ONE Apr 8, 2026 | Ivy BankHigh-Yield Savings Account Apr 8, 2026 |
|---|---|---|
| APY | 4.21% | 0.05% - 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 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 InsuredMod. MinimumGreat iOS AppDaily 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.
Executive Summary
Axos Bank offers a higher APY of 4.21% with its Axos ONE account, which requires a checking account and certain deposit conditions to qualify. This product is ideal for customers who seek a bundled banking experience. In contrast, Ivy Bank's High-Yield Savings Account provides a competitive APY of 3.85%, but it is only available to residents outside California and U.S. Territories. For those looking for a simpler option without the need for a checking account, Axos Bank's Summit Savings offers a solid 3.75% APY with no direct deposit requirements or maintenance fees.
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 3.85%) on all balances
- ✓Higher rated Android app (4.6 vs 3.4)
- ✓Offers 2 different high-yield savings options
- ✓Available Nationwide
Why Ivy Bank?
No distinct advantages found vs Axos Bank.
— Key Feature Differences —
Better Returns at $10,000
Axos BankAxos Bank's Axos ONE earns more on smaller deposits (approx. $421 vs $385/yr).
Better Returns at $25,000
Axos BankAxos Bank's Axos ONE pulls ahead with larger amounts (approx. $1053 vs $963/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
Axos BankAxos Bank offers an iOS app rated 4.7 (vs. 4.6) and Android app rated 4.6 (vs. 3.4)
Shared Benefits
Over a 1-year period, Axos Bank's Axos ONE 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 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% Verified: 4/8/2026 ↘︎ 0.10%90d Change | 3.85% Range: 0.05% - 3.85% Verified: 4/8/2026 ↘︎ 0.25%90d Change |
| Product Name | Axos ONE | High-Yield Savings Account |
| Minimum Deposit | $0 | $2,500 |
| Min. Balance for APY | $0 | $2,500 |
| 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 | Not Supported |
| BBB Rating | A+ | A- |
| 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 Ivy Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Axos Bank | Ivy Bank | ||
|---|---|---|---|---|
| Summit Savings | Axos ONE | High Yield Savings | High-Yield Savings Account | |
Current APY | 3.75% | 4.21% | 0.61% | 3.85% |
Trend | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | -4.7 | -5.8 | 0.0 | -10.3 |
Days Since Change | 118 | 67 | 146 | 49 |
5-Month High | 4.00% | 4.51% | 0.61% | 4.25% |
5-Month Low | 3.75% | 4.21% | 0.61% | 3.85% |
Adjustments / Mo | 0.21 | 0.41 | 0.00 | 0.62 |
Volatility Score | 0.026 | 0.023 | 0.000 | 0.038 |
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 | 3.20% | $0 |
| Ivy Bank vs American Express | 3.20% | $0 |
| Ivy Bank vs Barclays | 3.85% | $0 |
| Ivy Bank vs Capital One | 3.20% | $0 |
| Ivy Bank vs Chime | 3.00% | $0 |
| Ivy Bank vs CIT Bank | 3.75% | $100 |
| Ivy Bank vs Discover Bank | 3.30% | $0 |
| Ivy Bank vs EverBank | 3.90% | $0 |
| Ivy Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| Ivy Bank vs Newtek Bank | 4.20% | $0.01 |
| Ivy Bank vs Openbank | 4.00% | $500 |
| Ivy Bank vs Pibank | 4.60% | $0 |
| Ivy Bank vs SoFi Bank | 4.00% | $0 |
| Ivy Bank vs Synchrony Bank | 3.50% | $0 |
| Ivy Bank vs Varo Bank | 5.00% | $0 |
| Ivy Bank vs Wealthfront | 4.20% | $0 |