High-Yield Savings Account Comparison

Affirm vs. BMO Alto

Compare rates, requirements, and features side-by-side to find the best option for you.

Analysis by Aviel Fahl
Updated December 10, 2025

Affirm

Affirm Money Account

3.60%
APY
Dec 10, 2025
FDIC InsuredNo MinimumsGreat iOS AppGreat Android App
Show Fine Print & Trends
Min. Deposit$0
Min. Balance$0
Maintenance Fee$0
Compound FreqDaily
Direct DepositNot required
Deposit InsuranceFDIC Insured(Cert: 58410)
EligibilityUnited States
Mobile Ratings
iOS:4.9Android:4.8
BBB Rating
A+(BBB Accredited)

Important Note

While Affirm is not a bank, it is FDIC-insured through partner Cross River Bank.

Rate Stability

Rate Adjusted
-0.25%
Since 90 days ago
Read Bank Overview

BMO Alto

Savings Account

3.25%
APY
Dec 10, 2025
FDIC InsuredNo Minimums
Show Fine Print & Trends
Min. Deposit$0
Min. Balance$0
Maintenance Fee$0
Compound FreqDaily
Direct DepositNot required
Deposit InsuranceFDIC Insured(Cert: 16571)
EligibilityUnited States
Mobile Ratings
BBB Rating
A+(BBB Accredited)

Rate Stability

Rate Adjusted
-0.25%
Since 90 days ago
Read Bank Overview

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.

See Top Rates

Affirm vs. BMO Alto Savings Calculator

Calculations based on current APY for Affirm Money Account and Savings Account
$
$

Affirm earns $222.3 more than BMO Alto.

Affirm

Affirm Money Account

3.60% APY

Savings Breakdown

  • Interest Earned
    +$2,177.80(10.8%)
  • Total Contributions
    $13,000
  • Initial Deposit
    $5,000

Projected Balance

$20,177.80

Effective APY
3.60%
View Details

BMO Alto

Savings Account

3.25% APY

Savings Breakdown

  • Interest Earned
    +$1,955.50(9.8%)
  • Total Contributions
    $13,000
  • Initial Deposit
    $5,000

Projected Balance

$19,955.50

Effective APY
3.25%
View Details

The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.

Comparison Analysis

Comparing Affirm vs. BMO Alto

Updated: Dec 10, 2025

Why Affirm?

  • ✓Higher potential APY (3.60% vs 3.25%) on all balances
  • ✓Higher rated iOS app (4.9 vs 0.0)
  • ✓Higher rated Android app (4.8 vs 0.0)

Why BMO Alto?

No distinct advantages found vs Affirm.

— Key Feature Differences —

Better Returns at $10,000
Affirm

Affirm's Affirm Money Account earns more on smaller deposits (approx. $360 vs $325/yr).

Better Returns at $25,000
Affirm

Affirm's Affirm Money Account pulls ahead with larger amounts (approx. $900 vs $813/yr).

Best for Simplicity
Affirm

Affirm's Affirm Money Account offers 3.60% APY with no bundling, direct deposit requirement or caps.

Best Mobile App Experience
Affirm

Affirm offers an iOS app rated 4.9 (vs. 0.0) and Android app rated 4.8 (vs. 0.0)

Shared Benefits

Both offer monthly maintenance-free account options Both banks have options with $0 opening deposit Available Nationwide Available to New & Existing Customers
The Bottom Line on APY (Interest Only)

Over a 1-year period, Affirm's Affirm Money Account pays $35 more interest on a $10,000 balance than BMO Alto's Savings Account.

*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.

BMO AltoAffirm
Automated Data Audit

Executive Summary

Affirm offers a competitive savings option with its Affirm Money Account, featuring a 3.60% APY and no direct deposit requirement, making it ideal for simplicity. In contrast, BMO Alto's Savings Account provides a lower APY of 3.25%. Both accounts are online-only, require no minimum deposit or maintenance fees, and are FDIC-insured. While BMO Alto's account is a viable alternative, Affirm's higher yield positions it as the better choice for savers seeking higher returns.

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.

ExploreAffirmExploreBMO Alto

Top Market Contenders

See who beats both Affirm and BMO Alto.

Compare All High-Yield Savings Accounts
Pibank
Pibank Savings
FDIC InsuredNo Minimums
4.60% APY
+1.00% vs Affirm
Better Rate
Pibank vs AffirmPibank vs BMO Alto
Axos Bank
Axos ONE
FDIC InsuredNo MinimumsGreat iOS AppGreat Android App
4.31% APY
+0.71% vs Affirm
Better Rate
Axos Bank vs AffirmAxos Bank vs BMO Alto
TIMBR
Premium Savings Account
FDIC InsuredLow Minimums
4.40% APY
+0.80% vs Affirm
Better Rate
TIMBR vs AffirmTIMBR vs BMO Alto
FeatureAffirmBMO Alto
APY
3.60%
Verified: 12/10/2025
↘︎ 0.25%90d Change
3.25%
Verified: 12/10/2025
↘︎ 0.25%90d Change
Product NameAffirm Money AccountSavings Account
Minimum Deposit$0$0
Min. Balance for APY$0$0
Monthly Fee$0$0
Branch AccessNoneNone
Account Type
Online Only
Online Only
Direct Deposit Req.NoneNone
Checking BundleNoNo
Mobile Apps
iOS4.9
Android4.8
iOS-
Android-
BBB RatingA+A+
Important NotesWhile Affirm is not a bank, it is FDIC-insured through partner Cross River Bank.-
Next Steps
- View Details
- View Details

📈 Compare Savings Rates Over Time

Historical Performance

Last 11 Months Analysis
MetricAffirmBMO Alto
Affirm Money AccountSavings Account
Current APY
3.60%3.25%
Trend
 Stable Stable
Velocity (bps/mo)
-2.7-7.0
Days Since Change
7582
11-Month High
3.85%4.10%
11-Month Low
3.60%3.25%
Adjustments / Mo
0.090.47
Volatility Score
0.0300.068
How to read these metrics(Click to expand)

Trends & Velocity

  • Trend: The general direction of the rate over the analyzed period. Useful for spotting if a bank is currently aggressive or pulling back.
  • Velocity (bps/mo): Speed of change. A high positive number means they raise rates quickly. 10 bps = 0.10%.
  • Adjustments/Mo: "Twitchiness." High frequency means the rate changes constantly; low frequency means it's stable.

Risk & Range

  • High/Low: The absolute ceiling and floor of the rate during the 322-day window.
  • Volatility Score: Lower is better for predictability. It indicates how wildly the rate swings relative to its average.
  • Days Since Change: If this number is high (e.g., >90), the rate is very sticky. If low, it changed recently.

Compare Similar High-Yield Accounts

Compare Affirm vs...

Comparing against Standard Savings

vs Affirm
PibankNo Bundle Req
4.60%
APY
vs Affirm
TIMBRNo Bundle Req
4.40%
APY
vs Affirm
Newtek BankNo Bundle Req
4.35%
APY

Compare BMO Alto vs...

Comparing against Standard Savings

vs BMO Alto
PibankNo Bundle Req
4.60%
APY
vs BMO Alto
TIMBRNo Bundle Req
4.40%
APY
vs BMO Alto
Newtek BankNo Bundle Req
4.35%
APY

Higher Rates (With Checking)

Looking for something different? Check out these top-rated alternatives.

Checking Bundle
Axos Bank View Details
4.31%
APY
Checking Bundle
SoFi Bank View Details
4.30%
APY
Checking Bundle
Presidential Bank View Details
4.00%
APY

More Comparisons

Compare Affirm's APY of 3.60% with other banks
Bank PairCompetitor APYMin Deposit
Affirm vs Ally Bank3.30%$0
Affirm vs American Express3.40%$0
Affirm vs Axos Bank4.31%$0
Affirm vs Bank of America0.01%$100
Affirm vs Barclays4.00%$0
Affirm vs Bask Bank3.90%$0
Affirm vs Betterment3.50%$10
Affirm vs Bread Savings4.10%$100
Affirm vs BrioDirect4.00%$5,000
Affirm vs Capital One3.40%$0
Affirm vs Charles Schwab Bank0.15%$0
Affirm vs Chase Bank0.01%$0
Affirm vs Chime3.50%$0
Affirm vs CIT Bank3.75%$100
Affirm vs Citibank3.30%$0
Affirm vs Citizens Access™3.15%$0.01
Affirm vs Climate First Bank4.21%$50
Affirm vs Discover Bank3.40%$0
Affirm vs E*TRADE from Morgan Stanley3.75%$0
Affirm vs Elevault4.08%$0
Affirm vs EverBank4.05%$0
Affirm vs Fitness Bank4.75%$100
Affirm vs FNBO Direct3.00%$1
Affirm vs Forbright Bank4.00%$0
Affirm vs FVCbank3.85%$500
Affirm vs GO2bank4.50%$0
Affirm vs Ivy Bank4.25%$2,500
Affirm vs LendingClub4.20%$0
Affirm vs Marcus by Goldman Sachs3.65%$0
Affirm vs Neighbors Bank4.30%$0
Affirm vs Newtek Bank4.35%$0.01
Affirm vs Openbank4.20%$500
Affirm vs Peak Bank4.20%$100
Affirm vs Pibank4.60%$0
Affirm vs PNC3.53%$0
Affirm vs Presidential Bank4.00%$5,000
Affirm vs Quontic Bank3.75%$100
Affirm vs Salem Five Direct3.71%$10
Affirm vs Sallie Mae Bank3.90%$0
Affirm vs Santander Bank0.01%$25
Affirm vs SoFi Bank4.30%$0
Affirm vs Synchrony Bank3.65%$0
Affirm vs TD Bank2.75%$0
Affirm vs TIMBR4.40%$1,000
Affirm vs UFB Direct3.71%$5000
Affirm vs Upgrade3.05%$0
Affirm vs Valley Direct4.10%$1,000
Affirm vs Varo Bank5.00%$0
Affirm vs Vio Bank4.16%$100
Affirm vs Wealthfront4.15%$0
Affirm vs Wells Fargo0.05%$25
Affirm vs Zynlo Bank4.05%$10
Compare BMO Alto's APY of 3.25% with other banks
Bank PairCompetitor APYMin Deposit
BMO Alto vs Ally Bank3.30%$0
BMO Alto vs American Express3.40%$0
BMO Alto vs Axos Bank4.31%$0
BMO Alto vs Bank of America0.01%$100
BMO Alto vs Barclays4.00%$0
BMO Alto vs Bask Bank3.90%$0
BMO Alto vs Betterment3.50%$10
BMO Alto vs Bread Savings4.10%$100
BMO Alto vs BrioDirect4.00%$5,000
BMO Alto vs Capital One3.40%$0
BMO Alto vs Charles Schwab Bank0.15%$0
BMO Alto vs Chase Bank0.01%$0
BMO Alto vs Chime3.50%$0
BMO Alto vs CIT Bank3.75%$100
BMO Alto vs Citibank3.30%$0
BMO Alto vs Citizens Access™3.15%$0.01
BMO Alto vs Climate First Bank4.21%$50
BMO Alto vs Discover Bank3.40%$0
BMO Alto vs E*TRADE from Morgan Stanley3.75%$0
BMO Alto vs Elevault4.08%$0
BMO Alto vs EverBank4.05%$0
BMO Alto vs Fitness Bank4.75%$100
BMO Alto vs FNBO Direct3.00%$1
BMO Alto vs Forbright Bank4.00%$0
BMO Alto vs FVCbank3.85%$500
BMO Alto vs GO2bank4.50%$0
BMO Alto vs Ivy Bank4.25%$2,500
BMO Alto vs LendingClub4.20%$0
BMO Alto vs Marcus by Goldman Sachs3.65%$0
BMO Alto vs Neighbors Bank4.30%$0
BMO Alto vs Newtek Bank4.35%$0.01
BMO Alto vs Openbank4.20%$500
BMO Alto vs Peak Bank4.20%$100
BMO Alto vs Pibank4.60%$0
BMO Alto vs PNC3.53%$0
BMO Alto vs Presidential Bank4.00%$5,000
BMO Alto vs Quontic Bank3.75%$100
BMO Alto vs Salem Five Direct3.71%$10
BMO Alto vs Sallie Mae Bank3.90%$0
BMO Alto vs Santander Bank0.01%$25
BMO Alto vs SoFi Bank4.30%$0
BMO Alto vs Synchrony Bank3.65%$0
BMO Alto vs TD Bank2.75%$0
BMO Alto vs TIMBR4.40%$1,000
BMO Alto vs UFB Direct3.71%$5000
BMO Alto vs Upgrade3.05%$0
BMO Alto vs Valley Direct4.10%$1,000
BMO Alto vs Varo Bank5.00%$0
BMO Alto vs Vio Bank4.16%$100
BMO Alto vs Wealthfront4.15%$0
BMO Alto vs Wells Fargo0.05%$25
BMO Alto vs Zynlo Bank4.05%$10