Axos Bank vs Synchrony Bank
High-Yield Savings Accounts Comparison
Last Updated: June 20, 2025
Summary of Axos Bank vs. Synchrony Bank
As of June 20, 2025 Axos Bank offers an APY of 4.66% for its Axos ONE account, compared to Synchrony Bank's 3.80% APY for its High Yield Savings account.
Axos Bank yields $86 more than Synchrony Bank on a $10,000 balance after one year. Axos Bank pays $466, while Synchrony Bank pays $380 - an APY advantage for Axos Bank.
In addition, Axos Bank also offers 0.61% APY for the High Yield Savings account.
Axos Bank
Strengths
- Axos Bank offers a higher APY of 4.66% compared to Synchrony Bank's 3.80%.
- Axos Bank has an A+ BBB rating and is BBB Accredited.
- Axos Bank's app ratings are strong, with 4.7 on App Store and 4.4 on Google Play.
Potential Drawbacks
- Axos Bank requires a $1,500 average daily balance in ONE Checking for the highest APY.
- Axos Bank has no physical branches.
Synchrony Bank
Strengths
- Synchrony Bank has a slightly higher App Store rating of 4.8 compared to Axos Bank.
- Synchrony Bank does not require direct deposit for its High Yield Savings account.
Potential Drawbacks
- Synchrony Bank's APY is lower at 3.80%, down from 4.00% 30 days ago.
- Synchrony Bank is not rated by the BBB.
Summary: Axos Bank provides a significantly higher APY of 4.66% for its High Yield Savings account, but requires a $1,500 balance in another account. Synchrony Bank offers a lower APY of 3.80% and does not require direct deposit, but lacks a BBB rating. Both banks have strong app ratings, with Axos at 4.7 and Synchrony at 4.8 on the App Store.
Compare Axos Bank's vs Synchrony Bank's Savings Accounts
| Axos Bank | Synchrony Bank | |||
|---|---|---|---|---|
| Product | Axos ONE | High Yield Savings | vs | High Yield Savings |
| APY | 4.66% (as of 6/20/2025) | 0.61% (as of 6/20/2025) | 3.80% (as of 6/20/2025) | |
| Bundled Account | Yes | No | No | |
| FDIC-insured | Yes | Yes | Yes | |
| Online Only | Yes | Yes | Yes | |
| Compound Frequency | Daily | Daily | Daily | |
| Minimum Deposit | $0 | $0 | $0 | |
| Minimum Balance for APY | $0 | $0 | $0 | |
| Maintenance Fee | $0 | $0 | $0 | |
| Direct Deposit Required | Yes. Min. $1,500/month to ONE Checking. | No | No | |
| Note | This APY is only available in the Axos ONE savings and checking bundle. Must maintain $1,500 on avg. daily balance in ONE Checking for APY. | N/A | N/A | |
| Visit Bank | Axos ONE | High Yield Savings | High Yield Savings | |
| App Store Rating | 4.7/5 | 4.8/5 | ||
| Google Play Rating | 4.4/5 | 4.6/5 | ||
| BBB Rating | A+ | Not Rated | ||
Comparative Historical APY Insights (Last 5 Months)
| Axos Bank | Synchrony Bank | |||
|---|---|---|---|---|
| Product | High Yield Savings | Axos ONE | vs | High Yield Savings |
| Latest APY | 0.61 % | 4.66 % | 3.80 % | |
| Trend | Sideways | Falling | Sideways | |
| Slope (bps/mo) | 0.0 | -5.9 | -3.7 | |
| Rate Changes / Mo | 0.00 | 0.20 | 0.40 | |
| Days Since Last Change | 149 | 81 | 18 | |
| High (-5 m) | 0.61 % | 4.86 % | 4.10 % | |
| Low (-5 m) | 0.61 % | 4.66 % | 3.80 % | |
| Draw-down from High | 0.0 % | -4.1 % | -7.3 % | |
| Volatility (CV) | 0.000 | 0.021 | 0.019 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 5 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 (-5 m)
- Highest APY in the last 150 days.
- Low (-5 m)
- Lowest APY in the last 150 days.
- Draw-down from High
- How far today sits below the 5-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 Synchrony Bank
All calculations are based on APY.
Axos Bank
APY: 4.66%
Total savings breakdown:
- Interest earned: $46.6 (4.45%)
- Total contributions: $0 (0.00%)
- Initial deposit: $1,000 (95.55%)
Your total balance
$1,046.60
Effective APY: 4.66% (based on your deposit and contributions)
Total balance: $1,046.6
Earnings: $46.6
Bank DetailsSynchrony Bank
APY: 3.80%
Total savings breakdown:
- Interest earned: $38 (3.66%)
- Total contributions: $0 (0.00%)
- Initial deposit: $1,000 (96.34%)
Your total balance
$1,038.00
Effective APY: 3.80% (based on your deposit and contributions)
Total balance: $1,038
Earnings: $38
Bank DetailsAfter 1 year Axos Bank would earn you $8.6 more than Synchrony Bank.
More Comparisons
Compare Axos Bank's APY of 4.66% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| Axos Bank vs Ally Bank | 3.50% | $0 |
| Axos Bank vs American Express | 3.60% | $0 |
| Axos Bank vs Bank of America | 0.01% | $100 |
| Axos Bank vs Barclays | 4.10% | $0 |
| Axos Bank vs Capital One | 3.60% | $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 | 3.60% | $0 |
| Axos Bank vs Fitness Bank | 5.00% | $100 |
| Axos Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| Axos Bank vs SoFi Bank | 3.80% | $0 |
| Axos Bank vs Varo Bank | 5.00% | $0 |
Compare Synchrony Bank's APY of 3.80% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| Synchrony Bank vs Ally Bank | 3.50% | $0 |
| Synchrony Bank vs American Express | 3.60% | $0 |
| Synchrony Bank vs Bank of America | 0.01% | $100 |
| Synchrony Bank vs Barclays | 4.10% | $0 |
| Synchrony Bank vs Capital One | 3.60% | $0 |
| Synchrony Bank vs Chase Bank | 0.01% | $0 |
| Synchrony Bank vs Chime | 3.75% | $0 |
| Synchrony Bank vs CIT Bank | 4.00% | $100 |
| Synchrony Bank vs Discover Bank | 3.60% | $0 |
| Synchrony Bank vs Fitness Bank | 5.00% | $100 |
| Synchrony Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| Synchrony Bank vs SoFi Bank | 3.80% | $0 |
| Synchrony Bank vs Varo Bank | 5.00% | $0 |