Axos Bank vs Santander Bank
High-Yield Savings Accounts Comparison
Last Updated: September 5, 2025
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Summary of Axos Bank vs. Santander Bank
As of September 5, 2025 Axos Bank offers an APY of 4.46% for its Axos ONE account, with a minimum balance of $0, compared to Santander Bank's 0.03% APY for its Santander Savings account, with a minimum balance of $0.
Axos Bank yields $443 more than Santander Bank on a $10,000 balance after one year. Axos Bank pays $446, while Santander Bank pays $3 - an APY advantage for Axos Bank.
In addition, Axos Bank also offers 4.00% APY for the Summit Savings account.
Axos Bank
Strengths
- Axos Bank offers a high APY of 4.46%, significantly higher than Santander's 0.03%.
- Axos Bank has no maintenance fees on its accounts.
- Axos Bank has an A+ BBB rating and is BBB Accredited.
Potential Drawbacks
- Axos Bank has no physical branches, limiting in-person banking options.
- Axos Bank's high APY requires maintaining specific deposit conditions.
Santander Bank
Strengths
- Santander Bank has physical branches, providing in-person banking services.
- Santander Bank has a higher App Store rating of 4.8 compared to Axos Bank's 4.7.
Potential Drawbacks
- Santander Bank's high-yield savings account offers a low APY of 0.03%.
- Santander Bank charges a $1 maintenance fee on its savings account.
Summary: Axos Bank provides a much higher APY of 4.46% on its high-yield savings account, while Santander Bank's account offers only 0.03%. Axos Bank has no maintenance fees and an A+ BBB rating, but lacks physical branches. In contrast, Santander Bank has a physical presence and a slightly better App Store rating, but charges a maintenance fee and has a lower APY, making Axos Bank a more attractive option for savers.
Compare Axos Bank's vs Santander Bank's Savings Accounts
| Axos Bank | Santander Bank | ||||
|---|---|---|---|---|---|
| Product | Axos ONE | Summit Savings | High Yield Savings | vs | Santander Savings |
| APY | 4.46% (as of 9/5/2025) | 4.00% (as of 9/5/2025) | 0.61% (as of 9/5/2025) | 0.03% (as of 9/5/2025) | |
| Bundled Account | Yes | No | No | No | |
| FDIC-insured | Yes | Yes | Yes | Yes | |
| Online Only | Yes | Yes | Yes | No | |
| Compound Frequency | Daily | Daily | Daily | Daily | |
| Minimum Deposit | $0 | $0 | $0 | $25 | |
| Minimum Balance for APY | $0 | $0 | $0 | $0 | |
| Maintenance Fee | $0 | $0 | $0 | $1 | |
| Direct Deposit Required | No. Not required, but is the easiest way to earn the highest APY. | No | No | No | |
| Note | This 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. | ||||
| Sponsored Link | LEARN MORE at Axos Bank, Member FDIC | ||||
| App Store Rating | 4.7/5 | 4.8/5 | |||
| Google Play Rating | 4.5/5 | 4.3/5 | |||
| BBB Rating | A+ | A- | |||
Comparative Historical APY Insights (Last 7 Months)
| Axos Bank | Santander Bank | ||||
|---|---|---|---|---|---|
| Product | High Yield Savings | Summit Savings | Axos ONE | vs | Santander Savings |
| Latest APY | 0.61 % | 4.00 % | 4.46 % | 0.03 % | |
| Trend | Sideways | Sideways | Falling | Sideways | |
| Slope (bps/mo) | -0.0 | 0.0 | -5.4 | 0.0 | |
| Rate Changes / Mo | 0.00 | 0.00 | 0.27 | 0.00 | |
| Days Since Last Change | 226 | 67 | 35 | 226 | |
| High (-7 m) | 0.61 % | 4.00 % | 4.86 % | 0.03 % | |
| Low (-7 m) | 0.61 % | 4.00 % | 4.46 % | 0.03 % | |
| Draw-down from High | 0.0 % | 0.0 % | -8.2 % | 0.0 % | |
| Volatility (CV) | 0.000 | 0.000 | 0.028 | 0.000 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 7 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 (-7 m)
- Highest APY in the last 226 days.
- Low (-7 m)
- Lowest APY in the last 226 days.
- Draw-down from High
- How far today sits below the 7-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.
Calculate Savings Growth for Axos Bank vs Santander Bank
All calculations are based on APY.
Axos Bank
APY: 4.46%
Total savings breakdown:
- Interest earned: $2,733.9 (13.19%)
- Total contributions: $13,000 (62.70%)
- Initial deposit: $5,000 (24.12%)
Your total balance
$20,733.90
Effective APY: 4.46% (based on your deposit and contributions)
Total balance: $20,733.9
Earnings: $2,733.9
Santander Bank
APY: 0.03%
Total savings breakdown:
- Interest earned: $17.2 (0.10%)
- Total contributions: $13,000 (72.15%)
- Initial deposit: $5,000 (27.75%)
Your total balance
$18,017.20
Effective APY: 0.03% (based on your deposit and contributions)
Total balance: $18,017.2
Earnings: $17.2
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Axos Bank's total earnings would be $2,716.7 higher than Santander Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
More Comparisons
Compare Axos Bank's APY of 4.46% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Axos Bank vs Ally Bank | 3.50% | $0 |
| Axos Bank vs American Express | 3.50% | $0 |
| Axos Bank vs Bank of America | 0.01% | $100 |
| Axos Bank vs Barclays | 4.10% | $0 |
| Axos Bank vs BrioDirect | 4.30% | $5,000 |
| Axos Bank vs Capital One | 3.50% | $0 |
| Axos Bank vs Chase Bank | 0.01% | $0 |
| Axos Bank vs Chime | 3.75% | $0 |
| Axos Bank vs CIT Bank | 4.00% | $100 |
| Axos Bank vs Discover Bank | 3.50% | $0 |
| Axos Bank vs Elevault | 4.60% | $0 |
| Axos Bank vs EverBank | 4.30% | $0 |
| Axos Bank vs Fitness Bank | 4.75% | $100 |
| Axos Bank vs FVCbank | 4.35% | $500 |
| Axos Bank vs GO2bank | 4.50% | $0 |
| Axos Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| Axos Bank vs Neighbors Bank | 4.60% | $0 |
| Axos Bank vs Newtek Bank | 4.35% | $0 |
| Axos Bank vs Peak Bank | 4.35% | $100 |
| Axos Bank vs Pibank | 4.60% | $0 |
| Axos Bank vs Presidential Bank | 4.50% | $5,000 |
| Axos Bank vs SoFi Bank | 3.80% | $0 |
| Axos Bank vs Synchrony Bank | 3.80% | $0 |
| Axos Bank vs TIMBR | 4.40% | $1,000 |
| Axos Bank vs Varo Bank | 5.00% | $0 |
| Axos Bank vs Wells Fargo | 2.51% | $25 |
| Axos Bank vs Zynlo Bank | 4.35% | $10 |