Affirm: Savings Account & Rates
Mission: Banksparency aims to make Affirm's savings account transparent and comparable to the market.
Savings Overview
Affirm Money Account
| Min. Deposit | $0 |
| Min. Balance | $0 |
| Maintenance Fee | $0 |
Market Reality Check
This bank offers rates below the current top tier. The best rates we track are currently above 4.21% APY.
Bank Overview
- HQ LocationSan Francisco, California
- Founded2012
- AffiliationThe 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)
- Ratings & Trust
- Zelle® SupportNo SupportStandard ACH or Wire transfers only.
- Deposit InsuranceFDIC Insured(Cert: 58410)
Our Take on Affirm
The Good
- Decent APY of 3.20%
- No minimum deposit or balance requirements
- No monthly maintenance fees
- Top-tier mobile apps (iOS: 4.9, Android: 4.8)
Considerations
- No physical branch access (online only)
- Yield is below current market leaders
The Affirm Money Account offers a competitive APY of 3.20% with no minimum deposit or balance requirements and no monthly maintenance fees. While Affirm is not a bank, it is FDIC-insured through its partner, Cross River Bank. There are no requirements for direct deposit, and the account features top-tier mobile apps with high ratings (iOS: 4.9, Android: 4.8). However, it is important to note that the account is online-only, lacking physical branch access, and the yield is below that of current market leaders.
Top Market Contenders
Savings Account: In-Depth View
Savings Account Offered by Affirm
| Feature | Affirm Money Account |
|---|---|
APY | 3.20%Verified: 1/7/2026 |
APY Trend | 7 days ↘︎ 0.65% 30 days ↘︎ 0.40% |
Min. Deposit | $0 |
Min. Balance | $0 |
Monthly Fee | $0 |
Direct Deposit | None |
Checking Bundle | No |
Branch Access | None |
Compounding | Daily |
FDIC Insured | Yes |
Eligibility | United States |
Important | While Affirm is not a bank, it is FDIC-insured through partner Cross River Bank. |
| Next Steps | - |
Calculate Savings for Affirm
Savings Breakdown
- Interest Earned+$1,241.70(8.1%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$15,241.70
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Affirm Savings Rates Over Time
Historical APY Insights
Last 11 Months| Metric | Affirm Money Account |
|---|---|
Latest APY | 3.20% |
Trend | Sideways |
Slope (bps/mo) | -2.3 |
Rate Changes / Mo | 0.34 |
Days Since Last Change | 1 |
High (-11m) | 3.85% |
Low (-11m) | 3.20% |
Draw-down | -16.9% |
Volatility (CV) | 0.034 |
How to read these metrics▼
Trends & Velocity
- Trend
- The general direction of the rate over the analyzed period. Useful for spotting if a bank is currently aggressive or pulling back.
- Slope (bps/mo)
- Speed of change. A high positive number means they raise rates quickly. 10 bps = 0.10%.
- Rate Changes / Mo
- "Twitchiness." High frequency means the rate changes constantly; low frequency means it's stable.
Risk & Range
- High/Low
- The absolute ceiling and floor of the rate during the 350-day window.
- Volatility Score
- Lower is better for predictability. It indicates how wildly the rate swings relative to its average.
- Days Since Change
- If this number is high (e.g., >90), the rate is very sticky. If low, it changed recently.
Why track this? Understanding volatility helps you avoid "bait-and-switch" rates. A steady, rising slope is ideal; high volatility often signals a temporary teaser rate.
Compare with Affirm
| Feature | Current View Affirm | Empty Slot |
|---|---|---|
| Product | Affirm Money Account | - |
APY | 3.20%Verified: 1/7/2026 | - |
APY Trend | 7 days ↘︎ 0.65% 30 days ↘︎ 0.40% | - |
| Min. Deposit | $0 | - |
| Monthly Fee | $0 | - |
Direct Deposit | No | - |
Checking Bundle | No | - |
| Branch Access | None | - |
| Eligibility | United States | - |
Compounding | Daily | - |
FDIC Insured | Yes | - |
| Note | While Affirm is not a bank, it is FDIC-insured through partner Cross River Bank. | - |
| Next Steps | - | - |
Bank-to-Bank Comparisons
Compare Affirm's APY of 3.20% with other banks
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