Axos Bank vs. Synchrony Bank
High-Yield Savings Account Comparison
Last Updated: October 14, 2025
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Summary of Axos Bank vs. Synchrony Bank
Key Metrics at a Glance
| Feature | Axos Bank | Synchrony Bank |
|---|---|---|
| Top Savings APY | 4.51% Axos ONE | 3.80% High Yield Savings |
| Minimum to Open | $0 | $0 |
| Minimum Balance for APY | $0 | $0 |
Axos Bank
Strengths
- Axos Bank offers a higher APY of 4.51% compared to Synchrony Bank's 3.80%.
- Axos Bank has an A+ BBB rating and is accredited, indicating trustworthiness.
- Axos Bank's App Store rating is 4.7, higher than Synchrony Bank's 4.8.
Potential Drawbacks
- Axos Bank requires either direct deposit or qualifying deposits for the highest APY.
- Axos Bank has no physical branches, limiting in-person service options.
- Axos Bank's Google Play rating is 4.6, lower than Synchrony Bank's 4.5.
Synchrony Bank
Strengths
- Synchrony Bank's High Yield Savings account has no direct deposit requirement.
- Synchrony Bank has a higher App Store rating of 4.8 compared to Axos Bank's 4.7.
- Synchrony Bank's High Yield Savings APY is stable at 3.80% for the past 30 days.
Potential Drawbacks
- Synchrony Bank has no BBB rating, which may affect trust for some customers.
- Synchrony Bank's APY of 3.80% is significantly lower than Axos Bank's 4.51%.
- Synchrony Bank's Google Play rating is 4.5, lower than Axos Bank's 4.6.
Summary: Axos Bank offers a significantly higher APY of 4.51% for its High Yield Savings account, while Synchrony Bank provides a stable 3.80%. Axos Bank is BBB accredited with an A+ rating, enhancing its trustworthiness. However, Axos requires a direct deposit or qualifying deposits to achieve the highest APY, unlike Synchrony. Both banks operate online only, with Synchrony having a slightly higher App Store rating.
→ As of October 14, 2025 Axos Bank offers an APY of 4.51% for its Axos ONE account, with a minimum balance of $0, compared to Synchrony Bank's 3.80% APY for its High Yield Savings account, with a minimum balance of $0.
→ Axos Bank yields $71 more than Synchrony Bank on a $10,000 balance after one year. Axos Bank pays $451, while Synchrony Bank pays $380 - 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 Synchrony Bank
All calculations are based on APY.
Axos Bank
APY: 4.51%
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
Effective APY: 4.51% (based on your deposit and contributions)
Total balance: $20,766.7
Earnings: $2,766.7
Synchrony Bank
APY: 3.80%
Total savings breakdown:
- Interest earned: $2,305.9 (11.36%)
- Total contributions: $13,000 (64.02%)
- Initial deposit: $5,000 (24.62%)
Your total balance
$20,305.90
Effective APY: 3.80% (based on your deposit and contributions)
Total balance: $20,305.9
Earnings: $2,305.9
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Axos Bank's total earnings would be $460.8 higher than Synchrony 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 Synchrony Bank's Savings Accounts
| Axos Bank | Synchrony Bank | ||||
|---|---|---|---|---|---|
| Product | Axos ONE | Summit Savings | High Yield Savings | vs | High Yield Savings |
| APY | 4.51% (as of 10/14/2025) | 4.00% (as of 10/14/2025) | 0.61% (as of 10/14/2025) | 3.80% (as of 10/14/2025) | |
| Bundled Account | Yes | No | No | No | |
| FDIC-insured | Yes | Yes | Yes | Yes | |
| Online Only | Yes | Yes | Yes | Yes | |
| Compound Frequency | Daily | Daily | Daily | Daily | |
| Minimum Deposit | $0 | $0 | $0 | $0 | |
| Minimum Balance for APY | $0 | $0 | $0 | $0 | |
| Maintenance Fee | $0 | $0 | $0 | $0 | |
| 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 | 4.6/5 | 4.5/5 | |||
| BBB Rating | A+ | Not Rated | |||
Comparative Historical APY Insights (Last 9 Months)
| Axos Bank | Synchrony Bank | ||||
|---|---|---|---|---|---|
| Product | High Yield Savings | Summit Savings | Axos ONE | vs | High Yield Savings |
| Latest APY | 0.61 % | 4.00 % | 4.51 % | 3.80 % | |
| Trend | Sideways | Sideways | Falling | Sideways | |
| Slope (bps/mo) | 0.0 | 0.0 | -5.2 | -3.7 | |
| Rate Changes / Mo | 0.00 | 0.00 | 0.34 | 0.23 | |
| Days Since Last Change | 266 | 107 | 12 | 134 | |
| High (-9 m) | 0.61 % | 4.00 % | 4.86 % | 4.10 % | |
| Low (-9 m) | 0.61 % | 4.00 % | 4.46 % | 3.80 % | |
| Draw-down from High | 0.0 % | 0.0 % | -7.2 % | -7.3 % | |
| Volatility (CV) | 0.000 | 0.000 | 0.031 | 0.027 | |
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 266 days.
- Low (-9 m)
- Lowest APY in the last 266 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.
More Comparisons
Compare Axos Bank's APY of 4.51% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Axos Bank vs Ally Bank | 3.40% | $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 | 4.20% | $5,000 |
| Axos Bank vs Capital One | 3.40% | $0 |
| Axos Bank vs Chase Bank | 0.01% | $0 |
| Axos Bank vs Chime | 3.75% | $0 |
| Axos Bank vs CIT Bank | 3.85% | $100 |
| Axos Bank vs Discover Bank | 3.40% | $0 |
| Axos Bank vs Elevault | 4.34% | $0 |
| Axos Bank vs EverBank | 4.05% | $0 |
| Axos Bank vs Fitness Bank | 4.75% | $100 |
| Axos Bank vs FVCbank | 4.10% | $500 |
| Axos Bank vs GO2bank | 4.50% | $0 |
| Axos Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| Axos Bank vs Neighbors Bank | 4.50% | $0 |
| Axos Bank vs Newtek Bank | 4.35% | $0 |
| Axos Bank vs Peak Bank | 4.20% | $100 |
| Axos Bank vs Pibank | 4.60% | $0 |
| Axos Bank vs Presidential Bank | 4.50% | $5,000 |
| Axos Bank vs Santander Bank | 0.01% | $25 |
| Axos Bank vs SoFi Bank | 4.50% | $0 |
| Axos Bank vs TIMBR | 4.40% | $1,000 |
| Axos Bank vs Varo Bank | 5.00% | $0 |
| Axos Bank vs Wells Fargo | 0.05% | $25 |
| Axos Bank vs Zynlo Bank | 4.20% | $10 |