Affirm vs. Ally Bank
Comparing Affirm and Ally Bank for high-yield savings: Affirm's Affirm Money Account pays 3.20% APY while Ally Bank's Savings Account pays 3.30% APY.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Ally Bank pays $10 more than Affirm annually ($330 vs $320).
Choose Ally Bank if you want Zelle for quick transfers.
| Metric | AffirmAffirm Money Account Feb 6, 2026 | Ally BankSavings Account Feb 6, 2026 |
|---|---|---|
| APY | 3.20% | 3.30% |
Est. Earnings | $5,000+$160 $10,000+$320 $25,000+$800 | $5,000+$165 $10,000+$330 $25,000+$825 |
Min Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | While Affirm is not a bank, it is FDIC-insured through partner Cross River Bank. | - |
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppDaily CompoundingRate Changes Often | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® SupportedDaily CompoundingRate Changes Often |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.15% APY.
Executive Summary
Ally Bank offers a slightly higher APY of 3.30% on its online-only Savings Account, compared to Affirm's 3.20% APY on the Affirm Money Account. Both accounts require no minimum deposit or balance and have no maintenance fees, making them accessible options for savers. Notably, both banks are FDIC-insured, with Affirm being backed by Cross River Bank. While Affirm is recognized for its superior mobile app experience, Ally Bank's savings account stands out for its marginally better rate. Both accounts do not require direct deposit and are online-only.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Affirm?
- ✓Higher rated Android app (4.8 vs 4.4)
Why Ally Bank?
- ✓Fast transfers via Zelle® (up to $5,000 a day)
— Key Feature Differences —
Best Mobile App Experience
AffirmAffirm offers an iOS app rated 4.9 (vs. 4.7) and Android app rated 4.8 (vs. 4.4)
Shared Benefits
Over a 1-year period, Ally Bank's Savings Account pays $10 more interest on a $10,000 balance than Affirm's Affirm Money Account.
*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
Affirm vs. Ally Bank Savings Calculator
You earn $10 more with Ally Bank than Affirm 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.
Affirm
Affirm Money Account
Savings Breakdown
- Interest Earned+$320.00(3.1%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,320.00
Ally Bank
Savings Account
Savings Breakdown
- Interest Earned+$330.00(3.2%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,330.00
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 $319 per year in interest.
Both Affirm and Ally Bank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Affirm | Ally Bank |
|---|---|---|
| APY | 3.20% Verified: 2/6/2026 ↘︎ 0.40%90d Change | 3.30% Verified: 2/6/2026 Stable (90d) |
| Product Name | Affirm Money Account | Savings Account |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Daily |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Physical Branches | None | N/A |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Not Supported | Available Limit: $5,000/dayBenchmark for online Zelle; high limits. |
| BBB Rating | A+ | A+ |
| Important Notes | While Affirm is not a bank, it is FDIC-insured through partner Cross River Bank. | - |
| Next Steps | Visit SiteVerify at Affirm Non-sponsored link to official site | Visit SiteVerify at Ally Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Affirm | Ally Bank |
|---|---|---|
| Affirm Money Account | Savings Account | |
Current APY | 3.20% | 3.30% |
Trend | Stable | Stable |
Velocity (bps/mo) | -4.2 | -4.0 |
Days Since Change | 31 | 98 |
12-Month High | 3.85% | 3.80% |
12-Month Low | 3.20% | 3.30% |
Adjustments / Mo | 0.33 | 0.41 |
Volatility Score | 0.057 | 0.042 |
How to read these metrics(Click to expand)
Compare Similar High-Yield Accounts
Compare Affirm vs...
Comparing against Standard Savings
Compare Ally Bank vs...
Comparing against Standard Savings
High Rates (With Checking Bundle)
Looking for something different? Check out these top-rated alternatives.
More Comparisons
Compare Affirm's APY of 3.20% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Affirm vs American Express | 3.30% | $0 |
| Affirm vs Axos Bank | 4.21% | $0 |
| Affirm vs Bank of America | 0.01% | $100 |
| Affirm vs Barclays | 4.00% | $0 |
| Affirm vs Capital One | 3.30% | $0 |
| Affirm vs Chase Bank | 0.01% | $0 |
| Affirm vs Chime | 3.00% | $0 |
| Affirm vs CIT Bank | 3.75% | $100 |
| Affirm vs Citibank | 3.20% | $0 |
| Affirm vs Discover Bank | 3.30% | $0 |
| Affirm vs EverBank | 3.90% | $0 |
| Affirm vs Marcus by Goldman Sachs | 3.65% | $0 |
| Affirm vs Newtek Bank | 4.20% | $0.01 |
| Affirm vs Openbank | 4.09% | $500 |
| Affirm vs Pibank | 4.60% | $0 |
| Affirm vs SoFi Bank | 4.00% | $0 |
| Affirm vs Synchrony Bank | 3.50% | $0 |
| Affirm vs Varo Bank | 5.00% | $0 |
| Affirm vs Wealthfront | 3.95% | $0 |
| Affirm vs Wells Fargo | 0.05% | $25 |