Axos Bank vs Synchrony Bank
High-Yield Savings Accounts Comparison
Last Updated: July 16, 2025
Summary of Axos Bank vs. Synchrony Bank
As of July 16, 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 4.00% APY for the Summit 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 has a strong App Store rating of 4.7.
Potential Drawbacks
- Axos Bank requires either direct deposit or qualifying deposits to earn the highest APY.
- Axos Bank's Google Play rating is lower at 4.4 compared to Synchrony Bank.
Synchrony Bank
Strengths
- Synchrony Bank has a higher Google Play rating of 4.6.
- Synchrony Bank has no direct deposit requirement for its savings account.
Potential Drawbacks
- Synchrony Bank's APY of 3.80% is significantly lower than Axos Bank's 4.66%.
- Synchrony Bank is not rated by the BBB.
Summary: Axos Bank offers a significantly higher APY of 4.66% for its high-yield savings account, compared to Synchrony Bank's 3.80%. However, Axos requires direct deposits or qualifying deposits to access this rate. Synchrony Bank has no such requirement and boasts a slightly higher Google Play rating. Additionally, Axos Bank holds an A+ BBB rating, while Synchrony Bank lacks a BBB rating altogether.
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 | 4.66% (as of 7/16/2025) | 4.00% (as of 7/16/2025) | 0.61% (as of 7/16/2025) | 3.80% (as of 7/15/2025) | |
| 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. | N/A | N/A | N/A | |
| Visit Bank | Axos ONE | Summit Savings | 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 6 Months)
| Axos Bank | Synchrony Bank | ||||
|---|---|---|---|---|---|
| Product | High Yield Savings | Summit Savings | Axos ONE | vs | High Yield Savings |
| Latest APY | 0.61 % | 4.00 % | 4.66 % | 3.80 % | |
| Trend | Sideways | Sideways | Sideways | Sideways | |
| Slope (bps/mo) | -0.0 | 0.0 | -4.9 | -4.6 | |
| Rate Changes / Mo | 0.00 | 0.00 | 0.17 | 0.34 | |
| Days Since Last Change | 175 | 16 | 106 | 43 | |
| High (-6 m) | 0.61 % | 4.00 % | 4.86 % | 4.10 % | |
| Low (-6 m) | 0.61 % | 4.00 % | 4.66 % | 3.80 % | |
| Draw-down from High | 0.0 % | 0.0 % | -4.1 % | -7.3 % | |
| Volatility (CV) | 0.000 | 0.000 | 0.021 | 0.024 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 6 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 (-6 m)
- Highest APY in the last 175 days.
- Low (-6 m)
- Lowest APY in the last 175 days.
- Draw-down from High
- How far today sits below the 6-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 | 3.50% | $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 | 3.50% | $0 |
| Axos Bank vs Fitness Bank | 5.00% | $100 |
| Axos Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| Axos Bank vs Presidential Bank | 4.50% | $5,000 |
| Axos Bank vs SoFi Bank | 3.80% | $0 |
| Axos Bank vs Varo Bank | 5.00% | $0 |
| Axos Bank vs Wells Fargo | 2.51% | $25 |
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 | 3.50% | $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 | 3.50% | $0 |
| Synchrony Bank vs Fitness Bank | 5.00% | $100 |
| Synchrony Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| Synchrony Bank vs Presidential Bank | 4.50% | $5,000 |
| Synchrony Bank vs SoFi Bank | 3.80% | $0 |
| Synchrony Bank vs Varo Bank | 5.00% | $0 |
| Synchrony Bank vs Wells Fargo | 2.51% | $25 |