Affirm vs. Axos Bank
Comparing Affirm and Axos Bank for high-yield savings: Affirm's Affirm Money Account pays 3.20% APY while Axos Bank's Axos ONE pays 4.21% APY.
Note: Axos Bank requires a checking account.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Axos Bank pays $101 more than Affirm annually ($421 vs $320).
Choose Affirm if you want a no-strings-attached account. Choose Axos Bank if getting the best rate matters most.
Important Considerations
Axos Bank requires a checking account to unlock its top savings rate, while Affirm offers its savings account standalone.
| Metric | AffirmAffirm Money Account Mar 18, 2026 | Axos BankAxos ONE Mar 24, 2026 |
|---|---|---|
| APY | 3.20% | 4.21% |
Est. Earnings | $5,000+$160 $10,000+$320 $25,000+$800 | $5,000+$211 $10,000+$421 $25,000+$1,053 |
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 4.21% 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 AppDaily CompoundingRate Changes Often | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppChecking BundleDaily CompoundingRate Changes Often |
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.
Executive Summary
Axos Bank offers a competitive savings option with its Axos ONE account, providing an APY of 4.21% when bundled with a checking account, which requires either a direct deposit of $1,500 or $5,000 in monthly qualifying deposits to qualify for the highest rate. In contrast, Affirm's Money Account offers a lower APY of 3.20%, but stands out for its user-friendly mobile app experience. Both banks are online-only and have no minimum deposit or maintenance fees. For those seeking higher returns, Axos Bank is the clear winner.
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?
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%-4.21% 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. $421 vs $320/yr).
Better Returns at $25,000
Axos BankAxos Bank's Axos ONE pulls ahead with larger amounts (approx. $1053 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. 4.6)
Shared Benefits
Over a 1-year period, Axos Bank's Axos ONE pays $101 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.
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* Secure link to our partner
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Affirm vs. Axos Bank Savings Calculator
You earn $101 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+$421.00(4.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,421.00
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 Axos Bank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Affirm | Axos Bank |
|---|---|---|
| APY | 3.20% Verified: 3/18/2026 ↘︎ 0.40%90d Change | 4.21% Verified: 3/24/2026 ↘︎ 0.10%90d Change |
| Product Name | Affirm Money Account | Axos ONE |
| 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 | None |
| Direct Deposit Req. | None | Not required, but is the easiest way to earn the highest APY. |
| Checking Bundle | No | Yes |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| 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 4.21% 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 | Summit Savings | Axos ONE | High Yield Savings | |
Current APY | 3.20% | 3.75% | 4.21% | 0.61% |
Trend | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | -6.1 | -4.1 | -4.7 | 0.0 |
Days Since Change | 71 | 97 | 46 | 365 |
12-Month High | 3.85% | 4.00% | 4.86% | 0.61% |
12-Month Low | 3.20% | 3.75% | 4.21% | 0.61% |
Adjustments / Mo | 0.33 | 0.08 | 0.41 | 0.00 |
Volatility Score | 0.073 | 0.032 | 0.040 | 0.000 |
How to read these metrics(Click to expand)
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Compare Affirm's APY of 3.20% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Affirm vs Ally Bank | 3.20% | $0 |
| Affirm vs American Express | 3.20% | $0 |
| Affirm vs Barclays | 3.85% | $0 |
| Affirm vs Capital One | 3.20% | $0 |
| Affirm vs Chime | 3.00% | $0 |
| Affirm vs CIT Bank | 3.75% | $100 |
| 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 | 4.20% | $0 |