Axos Bank vs. Santander Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: October 21, 2025
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Summary of Axos Bank vs. Santander Bank
Key Metrics at a Glance
| Feature | Axos Bank | Santander Bank |
|---|---|---|
| Top Savings APY | 4.51% Axos ONE | 0.01% Santander Savings |
| Minimum to Open | $0 | $25 |
| Minimum Balance for Top APY | $0 | $0 |
| 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. |
Axos Bank
Strengths
- Axos Bank offers a high APY of 4.51%, up from 4.46% last month.
- Axos Bank has an A+ BBB rating and is BBB Accredited.
- Axos Bank has no maintenance fees for savings accounts.
Potential Drawbacks
- Axos Bank has no physical branches.
- To earn the highest APY, qualifying conditions must be met.
Santander Bank
Strengths
- Santander Bank has physical branches primarily in the Northeast and Miami.
- Santander Bank has a high App Store rating of 4.8.
Potential Drawbacks
- Santander Bank offers a significantly lower APY of 0.01%.
- Santander Bank is not BBB Accredited and has no rating.
→ As of October 21, 2025 Axos Bank offers an APY of 4.51% for its Axos ONE account, with a minimum balance of $0, compared to Santander Bank's 0.01% APY for its Santander Savings account, with a minimum balance of $0.
→ Axos Bank yields $450 more than Santander Bank on a $10,000 balance after one year. Axos Bank pays $451, while Santander Bank pays $1 - an APY advantage for Axos Bank.
→ In addition, Axos Bank also offers 4.00% APY for the Summit Savings account.
Calculate Savings Growth for Axos Bank vs Santander Bank
Axos Bank - Axos ONE
Total savings breakdown:
- Interest earned: $2,766.7 (13.32%)
- Total contributions: $13,000 (62.60%)
- Initial deposit: $5,000 (24.08%)
Your total balance
$20,766.70
Total balance: $20,766.7
Earnings: $2,766.7
Santander Bank - Santander Savings
Total savings breakdown:
- Interest earned: $5.7 (0.03%)
- Total contributions: $13,000 (72.20%)
- Initial deposit: $5,000 (27.77%)
Your total balance
$18,005.70
Total balance: $18,005.7
Earnings: $5.7
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Axos Bank's total earnings would be $2,761 higher than Santander Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
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 | 4.51% (as of 10/21/2025) | 4.00% (as of 10/21/2025) | 0.61% (as of 10/21/2025) | 0.01% (as of 10/21/2025) | |
| 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 | 4.1/5 | |||
| BBB Rating | A+ | Not Rated | |||
Comparative Historical APY Insights (Last 9 Months)
| Axos Bank | Santander Bank | ||||
|---|---|---|---|---|---|
| Product | High Yield Savings | Summit Savings | Axos ONE | vs | Santander Savings |
| Latest APY | 0.61 % | 4.00 % | 4.51 % | 0.01 % | |
| Trend | Sideways | Sideways | Falling | Sideways | |
| Slope (bps/mo) | 0.0 | 0.0 | -5.0 | -0.1 | |
| Rate Changes / Mo | 0.00 | 0.00 | 0.33 | 0.11 | |
| Days Since Last Change | 271 | 113 | 18 | 32 | |
| High (-9 m) | 0.61 % | 4.00 % | 4.86 % | 0.03 % | |
| Low (-9 m) | 0.61 % | 4.00 % | 4.46 % | 0.01 % | |
| Draw-down from High | 0.0 % | 0.0 % | -7.2 % | -66.7 % | |
| Volatility (CV) | 0.000 | 0.000 | 0.031 | 0.232 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 9 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 (-9 m)
- Highest APY in the last 272 days.
- Low (-9 m)
- Lowest APY in the last 272 days.
- Draw-down from High
- How far today sits below the 9-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.