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 BankSynchrony Bank
ProductAxos ONEHigh Yield SavingsvsHigh 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
YesNoNo
FDIC-insured
YesYesYes
Online OnlyYesYesYes
Compound Frequency
DailyDailyDaily
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.NoNo
NoteThis 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/AN/A
Visit BankAxos ONEHigh Yield SavingsHigh Yield Savings
App Store Rating4.7/54.8/5
Google Play Rating4.4/54.6/5
BBB RatingA+Not Rated

Comparative Historical APY Insights (Last 5 Months)

Axos BankSynchrony Bank
ProductHigh Yield SavingsAxos ONEvsHigh Yield Savings
Latest APY0.61 %4.66 %3.80 %
TrendSidewaysFallingSideways
Slope (bps/mo)0.0-5.9-3.7
Rate Changes / Mo0.000.200.40
Days Since Last Change1498118
High (-5 m)0.61 %4.86 %4.10 %
Low (-5 m)0.61 %4.66 %3.80 %
Draw-down from High0.0 %-4.1 %-7.3 %
Volatility (CV)0.0000.0210.019
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 Details

Synchrony 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 Details

After 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
Compare Synchrony Bank's APY of 3.80% with other banks