Axos Bank vs. Charles Schwab Bank
Axos Bank's Axos ONE Savings pays 4.21% APY while Charles Schwab Bank's Schwab Bank Investor Savings™ pays 0.15% APY.
Note: Axos Bank's Axos ONE Savings also needs 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 $406 more than Charles Schwab Bank annually ($421 vs $15).
Choose Axos Bank if getting the best rate matters most, or you're an Android user. Choose Charles Schwab Bank if you want a no-strings-attached account, or you want Zelle for quick transfers.
Important Considerations
Axos Bank's Axos ONE Savings pays its top rate only if you also open a checking account with Axos Bank, while Charles Schwab Bank's Schwab Bank Investor Savings™ stands alone.
| Metric | Axos BankAxos ONE Savings Sep 10, 2026 | Charles Schwab BankSchwab Bank Investor Savings™ Sep 10, 2026 |
|---|---|---|
| APY | 3.50% - 4.21% | 0.15% |
Earns in a year | $5,000+$211 $10,000+$421 $25,000+$1,053 | $5,000+$8 $10,000+$15 $25,000+$38 |
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 AppGreat Android AppChecking BundleDaily CompoundingStable Rate | FDIC InsuredNo MinimumsGreat iOS AppIn-Person AccessZelle® SupportedDaily CompoundingStable Rate |
Comparison Analysis
Comparing Axos Bank vs. Charles Schwab Bank
Executive Summary
The real return at July 2026 CPI of 3.36% shows Axos Bank at 0.9 points, while Charles Schwab Bank is at -3.2 points. Axos Bank's implied deposit rate is 3.09% on average across all deposits. Its savings account offers an APY of 4.21%. In contrast, Charles Schwab Bank's implied deposit rate is 0.31% on average across all deposits, while its savings account offers an APY of 0.15%. Axos Bank has led since at least January 21, 2026, with a gap of 406 basis points at a balance of $10,000.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Axos Bank?
- Access to 95,000 fee-free ATMs
- Higher potential APY (3.50%-4.21% vs 0.15%) on all balances
- Higher rated Android app (4.6 vs 3.1)
- Offers 3 different high-yield savings options
Why Charles Schwab Bank?
- Fast transfers via Zelle®
Key Feature Differences
Better Returns at $10,000
Axos BankAxos Bank's Axos ONE Savings earns more on smaller deposits (approx. $421 vs $15/yr).
Better Returns at $25,000
Axos BankAxos Bank's Axos ONE Savings pulls ahead with larger amounts (approx. $1053 vs $38/yr).
Better for Simplicity
Axos BankAxos Bank's Summit Savings offers 3.75% APY with no bundling, direct deposit requirement or caps.
Better 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 $406 more interest on a $10,000 balance than Charles Schwab Bank's Schwab Bank Investor Savings™.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Axos Bank vs. Charles Schwab Bank Savings Calculator
You earn $406 more with Axos Bank than Charles Schwab Bank 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+$421.00(4.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,421.00
Charles Schwab Bank
Schwab Bank Investor Savings™
Savings Breakdown
- Interest Earned+$15.00(0.1%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,015.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Axos Bank | Charles Schwab Bank |
|---|---|---|
| APY | 4.21% Range: 3.50% - 4.21% Observed: 9/10/2026 Stable over 90 days | 0.15% Observed: 9/10/2026 Stable over 90 days |
| Product Name | Axos ONE Savings | Schwab Bank Investor Savings™ |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0.01 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Daily |
| In-Branch Access | No | Yes |
| Account Type | Online Only | Online & Branches |
| Physical Branches | 3 (CA, NV, UT) | 1 (TX) |
| Direct Deposit Req. | None | None |
| Checking Bundle | Yes | No |
| Mobile Apps | ||
| FDIC or NCUA Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Not Supported | Available Integrated into Investor Checking; high liquidity. |
| BBB Rating | A+ | 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 Axos Bank Non-sponsored link to official site | Visit SiteVerify at Charles Schwab Bank Non-sponsored link to official site |
Compare Savings Rates Over Time
Historical Performance
| Metric | Axos Bank | Charles Schwab Bank | ||
|---|---|---|---|---|
| Axos ONE Savings | Summit Savings | High Yield Savings | Schwab Bank Investor Savings™ | |
Current APY | 4.21% | 3.75% | 0.61% | 0.15% |
Trend | Stable | Stable | Stable | Stable |
Speed of change | -0.04 | -0.06 | -0.00 | 0.00 |
Days Since Change | 220 | 273 | 360 | 360 |
12-Month High | 4.51% | 4.00% | 0.61% | 0.15% |
12-Month Low | 4.21% | 3.75% | 0.61% | 0.15% |
Changes per month | 0.25 | 0.08 | 0.00 | 0.00 |
Steadiness | 0.023 | 0.031 | 0.000 | 0.000 |
How to read these metrics(Click to expand)
Trends and speed
- Trend: The general direction of the rate over the analyzed period. Useful for seeing whether a bank is raising its rate or letting it slip.
- Speed of change: How fast the rate moves. A high positive number means they raise rates quickly. A reading of 0.10 is a tenth of a percentage point each month.
- Changes per month: How often the rate moves. A high number means it changes constantly; a low number means it holds.
Risk & Range
- High/Low: The absolute ceiling and floor of the rate during the 363-day window.
- Steadiness: How far the rate swings around its average. A lower score means a steadier, more predictable rate.
- Days Since Change: A high number, for example above 90, means the rate rarely moves. A low number means it changed recently.
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More Comparisons
Compare Axos Bank's APY of 4.21% with other banks
Compare Charles Schwab Bank's APY of 0.15% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Charles Schwab Bank vs Ally Bank | 3.00% | $0 |
| Charles Schwab Bank vs American Express | 3.00% | $0 |
| Charles Schwab Bank vs Barclays | 3.65% | $0 |
| Charles Schwab Bank vs Capital One | 3.50% | $0 |
| Charles Schwab Bank vs Chime | 3.75% | $0 |
| Charles Schwab Bank vs CIT Bank | 3.75% | $100 |
| Charles Schwab Bank vs EverBank | 3.90% | $0 |
| Charles Schwab Bank vs Marcus by Goldman Sachs | 3.40% | $0 |
| Charles Schwab Bank vs Newtek Bank | 4.20% | $100 |
| Charles Schwab Bank vs Openbank | 3.80% | $500 |
| Charles Schwab Bank vs Pibank | 4.10% | $0 |
| Charles Schwab Bank vs SoFi Bank | 4.00% | $0 |
| Charles Schwab Bank vs Synchrony Bank | 3.30% | $0 |
| Charles Schwab Bank vs Varo Bank | 3.75% | $0 |
| Charles Schwab Bank vs Wealthfront | 3.95% | $0 |