Affirm
Last Updated: 6/20/2025
Note: Interest rates below are reported as APY, or Annual Percentage YieldQuick Views
Affirm Money Account: 3.85% APY(Rank 56 out of 74 tracked HYSAs)
Minimum Deposit: $0 | Online Only
National Savings Interest Rate: 0.42% (as of 5/19/2025)
Note: The FDIC tracks savings and CD rates nationally, but it does not report APY, only the average interest rate.
(Source: FDIC)Bank Overview
Location: San Francisco, California
Founded: 2012
Affiliation: The Affirm Money™ Accounts are held with Cross River Bank (CRB), Member FDIC. The Affirm Card is a Visa® debit card issued by Evolve Bank & Trust (Evolve), Member FDIC. Affirm Holdings, Inc. is publicly traded (NASDAQ: AFRM)
Access to Branches: None
BBB Rating: A+ (BBB Accredited)
App Store Rating: 4.9/5
Google Play Rating: 4.8/5
Website: Visit Affirm
Our Take on Affirm
Highlights
- Current APY is 3.85%, unchanged from 30 days ago.
- No minimum deposit or balance requirements.
- No maintenance fees for the Affirm Money Account.
- High app rating of 4.9 on App Store.
Considerations
- No physical branches available for in-person service.
- Direct deposit is not required, but may limit some users.
- Lower APY compared to some competitors.
- Only one savings account option available.
Summary: Affirm offers a competitive 3.85% APY on its Money Account with no fees or minimums. It has a solid A+ BBB rating and is accredited, indicating trustworthiness. However, it lacks physical branches and only provides one savings account, which may not appeal to all savers. The account's APY remains stable, but it may be lower than some alternatives. The high app ratings suggest strong user satisfaction.
Savings Account
Savings Account Offered by Affirm
| Feature | Affirm Money Account |
|---|---|
| APY | 3.85% (as of 6/20/2025) |
| APY Trend | Stable for the last month |
| Minimum Deposit | $0 |
| Minimum Balance for APY | $0 |
| FDIC-insured | Yes |
| Online Only | Yes |
| Bundled Account | No |
| Direct Deposit Required | No |
| Compound Frequency | Daily |
| Maintenance Fee | $0 |
| Eligibility | United States |
| Note | While Affirm is not a bank, it is FDIC-insured through partner Cross River Bank. |
No deposit agreement summary available for this bank. | |
Calculate Savings for Affirm
All calculations are based on APY.
Affirm Money Account (APY: 3.85%)
Deposit Frequency:
Total savings breakdown:
- Interest earned: $4 (3.85%)
- Total contributions: $0 (0.00%)
- Initial deposit: $100 (96.15%)
Your total balance
$104.00
Effective APY: 3.85% (based on your deposit and contributions)
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Affirm Savings Rates Over Time
Historical APY Insights
| Metric | Affirm Money Account |
|---|---|
| Latest APY | 3.85 % |
| Trend | Sideways |
| Slope (bps/mo) | -0.0 |
| Rate Changes / Mo | 0.00 |
| Days Since Last Change | 151 |
| High (-5 m) | 3.85 % |
| Low (-5 m) | 3.85 % |
| Draw-down from High | 0.0 % |
| Volatility (CV) | 0.000 |
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 151 days.
- Low (-5 m)
- Lowest APY in the last 151 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.
Compare Affirm's Savings Account
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| Feature | Affirm | Select a bank... |
|---|---|---|
| Product | Affirm Money Account | N/A |
| APY | 3.85% (as of 6/20/2025) | N/A |
| Bundled Account | No | N/A |
| FDIC-insured | Yes | N/A |
| Online Only | Yes | N/A |
| Compound Frequency | Daily | N/A |
| Minimum Deposit | $0 | N/A |
| Minimum Balance for APY | $0 | N/A |
| Maintenance Fee | $0 | N/A |
| Direct Deposit Required | No | N/A |
| Note | While Affirm is not a bank, it is FDIC-insured through partner Cross River Bank. | N/A |