Affirm vs. Barclays
Comparing Affirm and Barclays for high-yield savings: Affirm's Affirm Money Account pays 3.20% APY while Barclays's Tiered Savings pays 3.85% APY.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Barclays pays $50 more than Affirm annually ($370 vs $320).
Choose Barclays if getting the best rate matters most.
| Metric | AffirmAffirm Money Account Mar 18, 2026 | BarclaysTiered Savings Mar 24, 2026 |
|---|---|---|
| APY | 3.20% | 3.70% - 3.85% |
Est. Earnings | $5,000+$160 $10,000+$320 $25,000+$800 | $5,000+$185 $10,000+$370 $25,000+$925 |
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 3.85% APY is only available for balances over $250,000. For lower balances, the APY is 3.70%. |
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppDaily CompoundingRate Changes Often | FDIC InsuredHigh MinimumGreat iOS AppGreat Android AppDaily 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
Barclays offers a Tiered Savings account with a competitive 3.85% APY for balances over $250,000, while lower balances yield 3.70%. In contrast, Affirm's Money Account provides a straightforward 3.20% APY with no minimum deposit or balance requirements, and no direct deposit needed. Both accounts are online-only and FDIC-insured, but Barclays's higher APY makes it the preferred choice for larger deposits. For simplicity and accessibility, Affirm's account remains a solid alternative.
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 checking account or direct deposit required
Why Barclays?
- ✓Higher potential APY (3.85% vs 3.20%) on all balances
— Key Feature Differences —
Better Returns at $10,000
BarclaysBarclays's Tiered Savings earns more on smaller deposits (approx. $370 vs $320/yr).
Better Returns at $25,000
BarclaysBarclays's Tiered Savings pulls ahead with larger amounts (approx. $925 vs $800/yr).
Best for Simplicity
AffirmAffirm's Affirm Money Account offers 3.20% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Barclays's Tiered Savings pays $50 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. Barclays Savings Calculator
You earn $50 more with Barclays 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
Barclays
Tiered Savings
Higher APY requires $250,000
Savings Breakdown
- Interest Earned+$370.00(3.6%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,370.00
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 Barclays dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Affirm | Barclays |
|---|---|---|
| APY | 3.20% Verified: 3/18/2026 ↘︎ 0.40%90d Change | 3.85% Range: 3.70% - 3.85% Verified: 3/24/2026 ↘︎ 0.15%90d Change |
| Product Name | Affirm Money Account | Tiered Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $250,000 |
| 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 | None |
| Checking Bundle | No | No |
| 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 3.85% APY is only available for balances over $250,000. For lower balances, the APY is 3.70%. |
| Next Steps | Visit SiteVerify at Affirm Non-sponsored link to official site | Visit SiteVerify at Barclays Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Affirm | Barclays | |
|---|---|---|---|
| Affirm Money Account | Tiered Savings | Online Savings | |
Current APY | 3.20% | 3.85% | 3.50% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -6.1 | -3.6 | -2.6 |
Days Since Change | 71 | 26 | 26 |
12-Month High | 3.85% | 4.40% | 3.90% |
12-Month Low | 3.20% | 3.85% | 3.50% |
Adjustments / Mo | 0.33 | 0.58 | 0.49 |
Volatility Score | 0.073 | 0.034 | 0.027 |
How to read these metrics(Click to expand)
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More Comparisons
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 Axos Bank | 4.21% | $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 |