Affirm vs. Betterment
Compare rates, requirements, and features side-by-side to find the best option for you.
Affirm
Affirm Money Account
3.60%APYDec 10, 2025FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Affirm
Affirm Money Account
Betterment
Cash Reserve
3.50%APYDec 10, 2025FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Betterment
Cash Reserve
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.25% APY.
Affirm vs. Betterment Savings Calculator
Affirm earns $63.7 more than Betterment.
Affirm
Affirm Money Account
Savings Breakdown
- Interest Earned+$2,177.80(10.8%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,177.80
Betterment
Cash Reserve
Savings Breakdown
- Interest Earned+$2,114.10(10.5%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,114.10
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing Affirm vs. Betterment
Why Affirm?
No distinct advantages found vs Betterment.
Why Betterment?
No distinct advantages found vs Affirm.
Shared Benefits
Over a 1-year period, Affirm's Affirm Money Account pays $10 more interest on a $10,000 balance than Betterment's Cash Reserve.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary
Affirm offers the Affirm Money Account with a competitive APY of 3.60%, making it the higher-yielding option compared to Betterment's Cash Reserve, which has an APY of 3.50%. Both accounts are online-only and FDIC-insured, with no maintenance fees and no minimum balance requirements. Affirm's account does not require direct deposit, providing flexibility for users. Betterment's Cash Reserve requires a minimum deposit of $10 but also has no direct deposit requirement. Overall, Affirm is the winner based on the higher APY.
Analysis generated based on current Banksparency database records
* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.
Top Market Contenders
See who beats both Affirm and Betterment.
| Feature | Affirm | Betterment |
|---|---|---|
| APY | 3.60% Verified: 12/10/2025 ↘︎ 0.25%90d Change | 3.50% Verified: 12/10/2025 ↘︎ 0.50%90d Change |
| Product Name | Affirm Money Account | Cash Reserve |
| Minimum Deposit | $0 | $10 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.9 Android4.8 | iOS4.8 Android4.7 |
| BBB Rating | A+ | A- |
| Important Notes | While Affirm is not a bank, it is FDIC-insured through partner Cross River Bank. | - |
| Next Steps |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Affirm | Betterment |
|---|---|---|
| Affirm Money Account | Cash Reserve | |
Current APY | 3.60% | 3.50% |
Trend | Stable | Stable |
Velocity (bps/mo) | -2.7 | -4.5 |
Days Since Change | 75 | 39 |
11-Month High | 3.85% | 4.00% |
11-Month Low | 3.60% | 3.50% |
Adjustments / Mo | 0.09 | 0.19 |
Volatility Score | 0.030 | 0.049 |
How to read these metrics(Click to expand)
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