Affirm: Savings Accounts & Rates

Savings rates updated: 10/1/2025

Mission statement: Banksparency aims to make Affirm's savings accounts transparent and comparable to those of other banks. Learn more about Banksparency.

Note: Interest rates below are reported as APY, or Annual Percentage Yield

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Savings Overview

Affirm Money Account: 3.60% APY(Rank 69 out of 83 tracked HYSAs)

Minimum Deposit: $0 | Online Only

National Savings Interest Rate: 0.4% (as of 9/15/2025)

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

Deposit Insurance: FDIC Cert # 58410

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 of 3.60%, competitive for high-yield savings accounts.
No minimum deposit or balance requirements.
No maintenance fees, maximizing savings potential.
High ratings: 4.9 on App Store and 4.8 on Google Play.

Considerations

APY decreased from 3.85% in the last 30 days.
No physical branches available for in-person services.
Direct deposit not required, but may limit some features.
Not a traditional bank, but partnered with Cross River Bank.

Summary: Affirm offers a high-yield savings account with a current APY of 3.60%, down from 3.85% last month. The Affirm Money Account has no minimum deposit, balance, or maintenance fees, making it accessible for savers. However, it lacks physical branches, and while direct deposit is not required, it may limit certain functionalities. With an A+ BBB rating and high app ratings, it presents a solid option for online savers.

Savings Account: In-Depth View

Savings Account Offered by Affirm

Feature	Affirm Money Account
APY	3.60% (as of 10/1/2025)
APY Trend	-0.25% WoW
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.
Sponsored Link
No deposit agreement summary available for this bank.

Calculate Savings for Affirm

All calculations are based on APY.

Savings Product:

Affirm Money Account (APY: 3.60%)

Initial Deposit:

Recurring Deposit Amount:

Deposit Frequency:

Duration:

Total savings breakdown:

Interest earned: $1,404.1 (9.12%)
Total contributions: $13,000 (84.39%)
Initial deposit: $1,000 (6.49%)

Your total balance

$15,404.10

Effective APY: 3.60% (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	3.60 %
Trend	Sideways
Slope (bps/mo)	-0.4
Rate Changes / Mo	0.12
Days Since Last Change	5
High (-8 m)	3.85 %
Low (-8 m)	3.60 %
Draw-down from High	-6.5 %
Volatility (CV)	0.010

APY Insights Glossary

Latest APY: Most recent advertised annual-percentage yield.
Trend: Direction over the last 8 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 (-8 m): Highest APY in the last 252 days.
Low (-8 m): Lowest APY in the last 252 days.
Draw-down from High: How far today sits below the 8-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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Western Alliance Bank - 4.10% APY
Zynlo Bank - 4.35% APY

Feature	Affirm	Select a bank...
Product	Affirm Money Account	N/A
APY	3.60% (as of 10/1/2025)	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