Axos Bank vs. Wealthfront
Axos ONE Savings advertises 5.00% APY for the first six months on up to $50,000, then 4.21%. On $10,000 you would earn about $461 in the first year.
Wealthfront's Cash Account lists 4.20% APY for the first three months, then 3.55%. On $10,000 you would earn about $371 in the first year.
See how they compare on rate stability, mobile app ratings, and more below.
Axos ONE Savings advertises a base rate of 3.50% on balances of $250,000 or more.
The promotional rate has eligibility conditions. See Axos Bank's terms.
The promotional rate applies to the first $150,000.
The promotional rate has eligibility conditions. See Wealthfront's terms.
The Bottom Line
On a $10,000 balance, Axos Bank's Axos ONE Savings earns about $90 more in a year than Wealthfront's Cash Account: $461 against $371.
Choose Axos Bank if getting the best rate matters most, or BBB rating matters to you.
Important Considerations
For Axos Bank's Axos ONE Savings, the top rate needs a linked account at the bank.
| Metric | Axos BankAxos ONE Savings Oct 21, 2026 | WealthfrontCash Account Oct 21, 2026 |
|---|---|---|
| APY | Up to5.00%On the first $50,000 · 4.21% above | Up to4.20%On the first $150,000 · 3.55% above |
Earns in a year | $5,000+$230 $10,000+$461 $25,000+$1,151 | $5,000+$186 $10,000+$371 $25,000+$928 |
Min. Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | The APY is available with the Axos ONE savings and checking bundle. The checking account also earns interest. To qualify, you must either set up a direct deposit of $1,500 and maintain an average daily balance of at least $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 at least $5,000. | Wealthfront is not a bank but a financial services company. It is FDIC-insured through its many partner banks. New clients get the stated APY for 3 months, after which a lower APY applies. See terms at Wealthfront. |
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppLinked AccountDaily CompoundingRate Changes Often | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppDaily Compounding |
Prefer In-Person Banking?
Both of these institutions are online-only. If you need in-branch access, check out our list of savings accounts with brick-and-mortar locations.
Comparison Analysis
Comparing Axos Bank vs. Wealthfront
Why Axos Bank?
- Access to 95,000 fee-free ATMs
- Higher potential APY (5.00% vs 4.20%) on all balances (first $50,000 only, needs a linked account at the bank, promotional rate)
- Offers 3 different high-yield savings options
Why Wealthfront?
No distinct advantages found vs Axos Bank.
Key Feature Differences
Better Returns at $10,000
Axos BankAxos Bank's Axos ONE Savings earns more on smaller deposits (approx. $461 vs $371/yr).
Better Returns at $25,000
Axos BankAxos Bank's Axos ONE Savings pulls ahead with larger amounts (approx. $1151 vs $928/yr).
Better for All-in-One Banking
Axos BankAxos Bank's Axos ONE Savings pays a superior APY for customers who also hold a linked account at the bank.
Shared Benefits
Over a 1-year period (factoring in a 6-month promo), Axos Bank's Axos ONE Savings pays $90 more interest on a $10,000 balance than Wealthfront's Cash Account.
*Both calculations include their respective introductory promotional rates and subsequent standard rates.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Axos Bank vs. Wealthfront Savings Calculator
You earn $87.9 more with Axos Bank than Wealthfront on a $10,000 initial deposit for 1 year*.
*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.
Axos Bank
Axos ONE Savings
Savings Breakdown
- Interest Earned+$460.40(4.4%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,460.40
Wealthfront
Cash Account
Savings Breakdown
- Interest Earned+$372.50(3.6%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,372.50
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Still at a large branch bank?
A typical branch-bank savings rate is 0.05% APY. On a $10,000 balance, the gap to these two banks is at least $366 a year in interest.
Both Axos Bank and Wealthfront advertise far more than that typical branch-bank rate.
| Feature | Axos Bank | Wealthfront |
|---|---|---|
| APY | 5.00% Range: 3.50% - 5.00% Observed: 10/21/2026 0.79%90-day change | 4.20% Range: 3.55% - 4.20% Observed: 10/21/2026 0.30%90-day change |
| Product Name | Axos ONE Savings | Cash Account |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Daily |
| Branches | None | None |
| Physical Branches | None that serve this account | Not reported |
| Direct Deposit Req. | None | None |
| Linked Account | Yes | No |
| Mobile Apps | ||
| FDIC or NCUA Insured | YesVerify FDIC | Yes |
| Zelle® Support | Not Supported | Not Supported |
| BBB Rating | A+ | F |
| Important Notes | The APY is available with the Axos ONE savings and checking bundle. The checking account also earns interest. To qualify, you must either set up a direct deposit of $1,500 and maintain an average daily balance of at least $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 at least $5,000. | Wealthfront is not a bank but a financial services company. It is FDIC-insured through its many partner banks. New clients get the stated APY for 3 months, after which a lower APY applies. See terms at Wealthfront. |
| Next Steps | Visit SiteVerify at Axos Bank Non-sponsored link to official site | Visit SiteVerify at Wealthfront Non-sponsored link to official site |
What each bank pays on deposits
An advertised rate tells you what a new savings account earns today. It cannot tell you how the bank has priced the savings and money market deposits it already holds, over time. This section shows that. The figure is computed from the interest expense and deposit balances that every bank files with the FDIC in the same form. That is what makes it comparable across banks and across quarters.
Axos Bank
The two figures answer different questions, so they sit side by side and are not combined. The 5.00% applies to the first $50,000. The balance above that earns 4.21%. That 5.00% is a promotional rate for six months. The account advertises 4.21% after it ends. New customers only, for the first 6 statement cycles, on balances up to $49,999.99. Requires the Axos ONE Checking deposit and balance requirements. Not available to customers who have held any Axos Bank or UFB Direct account.
In Q2 2026, Axos Bank paid a higher average rate on savings and money market deposits than 91% of banks that reported a figure (FDIC call report). The all-bank median was 1.45%.
Each figure is that bank's own charter-level average across its whole deposit book, so the two are shown one after the other and are not a ranking.
Wealthfront
Wealthfront is not a bank and files no call report. Its deposits are held at partner banks.
Average annualized rates paid on savings and money market deposits, and on all interest-bearing deposits, quarterly. The FDIC line for savings includes money market deposit accounts and business savings deposits and does not separate consumer accounts. Source: FDIC call report data, as reported; it may be amended. The percentile compares all FDIC filers, count-weighted. A missing quarter is suppressed, never interpolated. The percentile counts the banks that paid strictly less on savings and money market deposits, one vote per bank, among the banks that reported a figure for the quarter.
Compare Savings Rates Over Time
Historical Performance
| Metric | Axos Bank | Wealthfront |
|---|---|---|
| Axos ONE Savings | Cash Account | |
Current APY | 5.00% | 4.20% |
Trend | Stable | Stable |
Speed of change | 0.09 | 0.01 |
Days Since Change | 14 | 0 |
9-Month High | 5.00% | 4.20% |
9-Month Low | 4.21% | 3.55% |
Changes per month | 0.11 | 0.66 |
Steadiness | 0.080 | 0.072 |
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