High-Yield Savings Account Comparison

Affirm vs. Capital One

Affirm and Capital One both offer 3.20% APY on their high-yield savings accounts. With identical rates, your choice comes down to other factors like mobile app quality, branch access, or customer service reputation.

Analysis by Aviel Fahl
Updated March 18, 2026

The Bottom Line

The Affirm and Capital One savings accounts are very similar. Choose Capital One if you value in-person banking, or you want Zelle for quick transfers.

Comparison of Affirm vs Capital One savings accounts
Metric

Affirm

Affirm Money Account

Mar 18, 2026

Capital One

360 Performance Savings

Mar 24, 2026
APY3.20%3.20%
Est. Earnings
$5,000+$160
$10,000+$320
$25,000+$800
$5,000+$160
$10,000+$320
$25,000+$800
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.-
Features
FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppDaily CompoundingRate Changes Often
FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppIn-Person AccessZelle® SupportedRate 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.

See Top Rates

Comparison Analysis

Comparing Affirm vs. Capital One

Updated: Mar 18, 2026

Executive Summary

Both Affirm and Capital One offer competitive savings products with an APY of 3.20%. The Affirm Money Account is an online-only savings option that requires no minimum deposit or balance and has no maintenance fees, while also being FDIC-insured through Cross River Bank. Similarly, Capital One's 360 Performance Savings account also features no minimum deposit or balance requirements and no maintenance fees, but it is not exclusively online. With comparable rates and terms, customers may choose based on their preference for an online-only bank or a more traditional option.

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 Capital One.

Why Capital One?

  • Physical branch access (Over 200 branches in Louisiana, Maryland, New Jersey, New York, Texas, Virginia and Washington, D.C.)
  • Fast transfers via Zelle® (up to $2,500 a day)

Shared Benefits

Both offer monthly maintenance-free account options Both banks have options with $0 opening deposit Available Nationwide Available to New & Existing Customers
Verify At
Affirm

Non-sponsored link to official site

Verify At
Capital One

Non-sponsored link to official site

Top Market Contenders

American Express
3.20% APY
Axos Bank
4.21% APY
EverBank
3.90% APY

Affirm vs. Capital One Savings Calculator

Calculations based on current APY for Affirm Money Account and 360 Performance Savings
$
$

Both accounts earn exactly the same amount.

Affirm

Affirm Money Account

3.20% APY

Savings Breakdown

  • Interest Earned
    +$320.00(3.1%)
  • Total Contributions
    $0
  • Initial Deposit
    $10,000

Projected Balance

$10,320.00

Effective APY
3.20%

Capital One

360 Performance Savings

3.20% APY

Savings Breakdown

  • Interest Earned
    +$320.00(3.1%)
  • Total Contributions
    $0
  • Initial Deposit
    $10,000

Projected Balance

$10,320.00

Effective APY
3.20%

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 Capital One dramatically outperform the typical 0.01% APY at traditional big banks.

Big banks currently pay 0.01% APY on savings vs 3.20%+ here
FeatureAffirmCapital One
APY
3.20%
Verified: 3/18/2026
↘︎ 0.40%90d Change
3.20%
Verified: 3/24/2026
↘︎ 0.20%90d Change
Product NameAffirm Money Account360 Performance Savings
Minimum Deposit$0$0
Min. Balance for APY$0$0
Monthly Fee$0$0
Compound FrequencyDailyMonthly
Branch AccessNoneYes
Account Type
Online Only
Online & Branches
Physical BranchesNoneOver 200 branches in Louisiana, Maryland, New Jersey, New York, Texas, Virginia and Washington, D.C.
Direct Deposit Req.NoneNone
Checking BundleNoNo
Mobile Apps
iOS4.9
Android4.8
iOS4.8
Android4.5
FDIC Insured
Zelle® Support
Not Supported
Available
Limit: $2,500/dayAvailable for 360 Checking accounts.
BBB RatingA+A+
Important NotesWhile Affirm is not a bank, it is FDIC-insured through partner Cross River Bank.-
Next Steps
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📈 Compare Savings Rates Over Time

Historical Performance

Last 12 Months Analysis
MetricAffirmCapital One
Affirm Money Account360 Performance Savings
Current APY
3.20%3.20%
Trend
Stable Stable
Velocity (bps/mo)
-6.1-3.4
Days Since Change
716
12-Month High
3.85%3.70%
12-Month Low
3.20%3.20%
Adjustments / Mo
0.330.41
Volatility Score
0.0730.036
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 365-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.

More Comparisons

Compare Affirm's APY of 3.20% with other banks
Compare Capital One's APY of 3.20% with other banks