Axos Bank vs. Newtek Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
Axos Bank
Axos ONE
4.31%APYDec 6, 2025FDIC InsuredChecking BundleNo MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Axos Bank
Axos ONE
Newtek Bank
Personal High Yield Savings
4.35%APYDec 6, 2025FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Newtek Bank
Personal High Yield Savings
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. Newtek Bank
Why Axos Bank?
- ✓Earn 0.51% APY on checking account
- ✓Access to 95,000 fee-free ATMs
- ✓Higher rated Android app (4.6 vs 4.2)
- ✓Offers 2 different high-yield savings options
Why Newtek Bank?
No distinct advantages found vs Axos Bank.
— Key Feature Differences —
Best for Simplicity
Newtek BankNewtek Bank's Personal High Yield Savings offers 4.35% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
Axos BankAxos Bank offers an iOS app rated 4.7 (vs. 4.5) and Android app rated 4.6 (vs. 4.2)
Shared Benefits
Over a 1-year period, Newtek Bank's Personal High Yield Savings pays $4 more interest on a $10,000 balance than Axos Bank's Axos ONE.
Executive Summary
Newtek Bank offers the highest APY of 4.35% with its Personal High Yield Savings account, which is available online without any direct deposit requirements or balance caps, making it a straightforward option for savers. In comparison, Axos Bank's top-tier product, the Axos ONE, provides a slightly lower APY of 4.31% but requires a checking account and specific deposit conditions to earn this rate. While Axos also offers a Summit Savings account with a competitive 4.00% APY, Newtek's offering stands out for its simplicity and accessibility.
Analysis generated based on current Banksparency database records
* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.
Top Market Contenders
See who beats both Axos Bank and Newtek Bank.
| Feature | Axos Bank | Newtek Bank |
|---|---|---|
| APY | 4.31% Verified: 12/6/2025 ↘︎ 0.15%90d Change | 4.35% Verified: 12/6/2025 Stable (90d) |
| Product Name | Axos ONE | Personal High Yield Savings |
| Minimum Deposit | $0 | $0.01 |
| Min. Balance for APY | $0 | $0.01 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | Yes | No |
| Mobile Apps | iOS4.7 Android4.6 | iOS4.5 Android4.2 |
| BBB Rating | A+ | A+ |
| 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. | - |
| Next Steps | SponsoredOpen Account |
Savings Comparison
Newtek Bank earns $26.1 more than Axos Bank.
Axos Bank
Axos ONE
Savings Breakdown
- Interest Earned+$2,635.90(12.8%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,635.90
Sponsored Link
Newtek Bank
Personal High Yield Savings
Savings Breakdown
- Interest Earned+$2,662.00(12.9%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,662.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Axos Bank | Newtek Bank | ||
|---|---|---|---|---|
| High Yield Savings | Summit Savings | Axos ONE | Personal High Yield Savings | |
Current APY | 0.61% | 4.00% | 4.31% | 4.35% |
Trend | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | 0.0 | 0.0 | -4.1 | -2.0 |
Days Since Change | 332 | 159 | 4 | 239 |
12-Month High | 0.61% | 4.00% | 4.86% | 4.90% |
12-Month Low | 0.61% | 4.00% | 4.31% | 4.35% |
Adjustments / Mo | 0.00 | 0.00 | 0.34 | 0.34 |
Volatility Score | 0.000 | 0.000 | 0.033 | 0.022 |
How to read these metrics(Click to expand)
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