American Express vs. Axos Bank
American Express's High Yield Savings Account pays 3.00% APY while Axos Bank's Axos ONE Savings pays 4.21% APY.
Note: Axos Bank requires a checking account.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Axos Bank pays $121 more than American Express annually ($421 vs $300).
Choose American Express if you want a no-strings-attached account, or you want Zelle for quick transfers. Choose Axos Bank if getting the best rate matters most, BBB rating matters to you, or you're an Android user.
Important Considerations
Axos Bank requires a checking account to unlock its top savings rate, while American Express offers its savings account standalone.
| Metric | American ExpressHigh Yield Savings Account Aug 21, 2026 | Axos BankAxos ONE Savings Aug 21, 2026 |
|---|---|---|
| APY | 3.00% | 3.50% - 4.21% |
Est. Earnings | $5,000+$150 $10,000+$300 $25,000+$750 | $5,000+$211 $10,000+$421 $25,000+$1,053 |
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 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. |
| Features | FDIC InsuredNo MinimumsGreat iOS AppZelle® SupportedDaily CompoundingRate Changes Often | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppChecking BundleDaily CompoundingStable Rate |
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 American Express vs. Axos Bank
Executive Summary
A detailed summary for this comparison is being prepared. Check back soon.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why American Express?
- ✓Fast transfers via Zelle®
Why Axos Bank?
- ✓Access to 95,000 fee-free ATMs
- ✓Higher potential APY (3.50%-4.21% vs 3.00%) on all balances
- ✓Higher rated Android app (4.5 vs 3.6)
- ✓Offers 3 different high-yield savings options
Key Feature Differences
Better Returns at $10,000
Axos BankAxos Bank's Axos ONE Savings earns more on smaller deposits (approx. $421 vs $300/yr).
Better Returns at $25,000
Axos BankAxos Bank's Axos ONE Savings pulls ahead with larger amounts (approx. $1053 vs $750/yr).
Best for Simplicity
Axos BankAxos Bank's Summit Savings offers 3.75% APY with no bundling, direct deposit requirement or caps.
Best for All-in-One Banking
Axos BankAxos Bank's Axos ONE Savings pays a superior APY for customers who also open a checking account.
Shared Benefits
Over a 1-year period, Axos Bank's Axos ONE Savings pays $121 more interest on a $10,000 balance than American Express's High Yield Savings Account.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
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* Secure link to our partner
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American Express vs. Axos Bank Savings Calculator
You earn $121 more with Axos Bank than American Express 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.
American Express
High Yield Savings Account
Savings Breakdown
- Interest Earned+$300.00(2.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,300.00
Axos Bank
Axos ONE Savings
Savings Breakdown
- Interest Earned+$421.00(4.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,421.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Still banking with Chase, Bank of America, or Wells Fargo?
On a $10,000 balance, you're missing out on at least $299 per year in interest.
Both American Express and Axos Bank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | American Express | Axos Bank |
|---|---|---|
| APY | 3.00% Verified: 8/21/2026 ↘︎ 0.10%90d Change | 4.21% Range: 3.50% - 4.21% Verified: 8/21/2026 - |
| Product Name | High Yield Savings Account | Axos ONE Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Daily |
| In-Branch Access | No | No |
| Account Type | Online Only | Online Only |
| Physical Branches | None | None |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | Yes |
| Mobile Apps | ||
| FDIC or NCUA Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Available Requires Amex Rewards Checking; not available for standalone HYSA. | Not Supported |
| BBB Rating | F | A+ |
| 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 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. |
| Next Steps | Visit SiteVerify at American Express Non-sponsored link to official site | Visit SiteGo to Axos Bank * Secure link to our partner |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | American Express | Axos Bank | ||
|---|---|---|---|---|
| High Yield Savings Account | Axos ONE Savings | Summit Savings | High Yield Savings | |
Current APY | 3.00% | 4.21% | 3.75% | 0.61% |
Trend | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | -4.9 | -4.0 | -5.3 | -0.0 |
Days Since Change | 42 | 200 | 253 | 361 |
12-Month High | 3.50% | 4.51% | 4.00% | 0.61% |
12-Month Low | 3.00% | 4.21% | 3.75% | 0.61% |
Adjustments / Mo | 0.41 | 0.25 | 0.08 | 0.00 |
Volatility Score | 0.029 | 0.022 | 0.030 | 0.000 |
How to read these metrics(Click to expand)
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