Axos Bank vs. Santander 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
Santander Bank
Santander Savings
0.01%APYDec 6, 2025FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppIn-Person AccessShow Fine Print & Trends Hide Details
Santander Bank
Santander Savings
Comparison Analysis
Comparing Axos Bank vs. Santander Bank
Why Axos Bank?
- ✓Earn 0.51% APY on checking account
- ✓Access to 95,000 fee-free ATMs
- ✓Higher potential APY (4.00%-4.31% vs 0.01%) on all balances
- ✓Higher rated Android app (4.6 vs 4.0)
- ✓Offers 2 different high-yield savings options
Why Santander Bank?
- ✓Physical branch access (Primarily in the Northeast and Miami, Florida)
— Key Feature Differences —
Better Returns at $10,000
Axos BankAxos Bank's Axos ONE earns more on smaller deposits (approx. $431 vs $1/yr).
Better Returns at $25,000
Axos BankAxos Bank's Axos ONE pulls ahead with larger amounts (approx. $1077 vs $3/yr).
Best for Simplicity
Axos BankAxos Bank's Summit Savings offers 4.00% 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.
Shared Benefits
Over a 1-year period, Axos Bank's Axos ONE pays $430 more interest on a $10,000 balance than Santander Bank's Santander Savings.
Executive Summary
Axos Bank offers significantly higher savings rates compared to Santander Bank. The standout product from Axos is the Axos ONE, which provides an impressive 4.31% APY when bundled with a checking account, while the Summit Savings account offers a solid 4.00% APY without any bundling or direct deposit requirements. In contrast, Santander Bank's savings account yields a mere 0.01% APY, making it less competitive. Additionally, Axos Bank's accounts are online-only, providing convenience for digital banking, whereas Santander Bank has physical branch access. Overall, for those seeking better returns, Axos Bank is the clear winner.
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.
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| Feature | Axos Bank | Santander Bank |
|---|---|---|
| APY | 4.31% Verified: 12/6/2025 ↘︎ 0.15%90d Change | 0.01% Verified: 12/6/2025 ↘︎ 0.02%90d Change |
| Product Name | Axos ONE | Santander Savings |
| Minimum Deposit | $0 | $25 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $1 |
| Branch Access | None | Yes |
| Account Type | Online Only | Online & Branches |
| Direct Deposit Req. | None | None |
| Checking Bundle | Yes | No |
| Mobile Apps | iOS4.7 Android4.6 | iOS4.8 Android4.0 |
| BBB Rating | A+ | Not Rated |
| 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
Axos Bank earns $2,630.2 more than Santander 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
Santander Bank
Santander Savings
Savings Breakdown
- Interest Earned+$5.70(0.0%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$18,005.70
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 | Santander Bank | ||
|---|---|---|---|---|
| High Yield Savings | Summit Savings | Axos ONE | Santander Savings | |
Current APY | 0.61% | 4.00% | 4.31% | 0.01% |
Trend | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | -0.0 | 0.0 | -4.2 | -0.2 |
Days Since Change | 317 | 159 | 4 | 78 |
10-Month High | 0.61% | 4.00% | 4.86% | 0.03% |
10-Month Low | 0.61% | 4.00% | 4.31% | 0.01% |
Adjustments / Mo | 0.00 | 0.00 | 0.38 | 0.09 |
Volatility Score | 0.000 | 0.000 | 0.032 | 0.375 |
How to read these metrics(Click to expand)
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