Affirm vs. Axos Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | AffirmAffirm Money Account Jan 12, 2026 | Axos BankAxos ONE Jan 12, 2026 |
|---|---|---|
| APY | 3.20% | 4.31% |
Est. Earnings | $5,000+$160 $10,000+$320 $25,000+$800 | $5,000+$216 $10,000+$431 $25,000+$1,078 |
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. | The 4.31% APY is available with the Axos ONE savings and checking bundle. The checking account earns 0.51% APY. 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 App | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppChecking Bundle |
Prefer In-Person Banking?
Both of these banks are online-only. If you need physical branch access, check out our list of high-yield accounts with brick-and-mortar locations.
As of Affirm offers an APY of 3.20% for its Affirm Money Account, with a minimum balance of $0, compared to Axos Bank's 4.31% APY for its Axos ONE account, with a minimum balance of $0.
Axos Bank pays $111 more than Affirm on a $10,000 balance after one year. Affirm pays $320, while Axos Bank pays $431 - an APY advantage for Axos Bank.
In addition, Axos Bank also offers 3.75% APY for the Summit Savings account, with a minimum balance of $0.
Why Affirm?
No distinct advantages found vs Axos Bank.
Why Axos Bank?
- ✓Earn 0.51% APY on checking account
- ✓Access to 95,000 fee-free ATMs
- ✓Higher potential APY (3.75%-4.31% vs 3.20%) on all balances
- ✓Offers 2 different high-yield savings options
— Key Feature Differences —
Better Returns at $10,000
Axos BankAxos Bank's Axos ONE earns more on smaller deposits (approx. $431 vs $320/yr).
Better Returns at $25,000
Axos BankAxos Bank's Axos ONE pulls ahead with larger amounts (approx. $1078 vs $800/yr).
Best for Simplicity
Axos BankAxos Bank's Summit Savings offers 3.75% APY with no bundling, direct deposit requirement or caps.
Best for All-in-One Banking
Axos BankAxos Bank's Axos ONE pays a superior APY for customers who also open a checking account.
Best Mobile App Experience
AffirmAffirm offers an iOS app rated 4.9 (vs. 4.7) and Android app rated 4.8 (vs. 4.5)
Shared Benefits
Over a 1-year period, Axos Bank's Axos ONE pays $111 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.
Executive Summary as of
Axos Bank offers a superior APY of 4.31% with its Axos ONE savings account, which is available when bundled with a checking account. This account requires either a direct deposit of $1,500 or total monthly qualifying deposits of at least $5,000 to maintain higher earnings. In contrast, Affirm's Money Account provides a lower APY of 3.20%, but it does not require direct deposit and is FDIC-insured through Cross River Bank. Both banks operate online only, with Affirm emphasizing a strong mobile app experience. For those seeking simplicity without the need for a checking account, Axos Bank's Summit Savings at 3.75% APY is also a viable alternative.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
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* Secure link to our partner
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Affirm vs. Axos Bank Savings Calculator
You earn $111 more with Axos 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
Axos Bank
Axos ONE
Savings Breakdown
- Interest Earned+$431.00(4.1%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,431.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Affirm | Axos Bank |
|---|---|---|
| APY | 3.20% Verified: 1/12/2026 ↘︎ 0.40%90d Change | 4.31% Verified: 1/12/2026 ↘︎ 0.20%90d Change |
| Product Name | Affirm Money Account | Axos ONE |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | Not required, but is the easiest way to earn the highest APY. |
| Checking Bundle | No | Yes |
| Mobile Apps | iOS4.9 Android4.8 | iOS4.7 Android4.5 |
| Zelle® Support | Not Supported | Not Supported |
| BBB Rating | A+ | A+ |
| Important Notes | While Affirm is not a bank, it is FDIC-insured through partner Cross River Bank. | The 4.31% APY is available with the Axos ONE savings and checking bundle. The checking account earns 0.51% APY. 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 Affirm Non-sponsored link to official site | Visit SiteGo to Axos Bank * Secure link to our partner |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Affirm | Axos Bank | ||
|---|---|---|---|---|
| Affirm Money Account | High Yield Savings | Summit Savings | Axos ONE | |
Current APY | 3.20% | 0.61% | 3.75% | 4.31% |
Trend | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | -2.7 | 0.0 | -3.4 | -4.6 |
Days Since Change | 6 | 355 | 32 | 41 |
12-Month High | 3.85% | 0.61% | 4.00% | 4.86% |
12-Month Low | 3.20% | 0.61% | 3.75% | 4.31% |
Adjustments / Mo | 0.34 | 0.00 | 0.08 | 0.34 |
Volatility Score | 0.039 | 0.000 | 0.025 | 0.038 |
How to read these metrics(Click to expand)
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