Affirm vs. Carver Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | AffirmAffirm Money Account Jan 7, 2026 | Carver BankHigh Yield Savings Jan 7, 2026 |
|---|---|---|
| APY | 3.20% | 4.00% |
Est. Earnings | $5,000+$160 $10,000+$320 $25,000+$800 | $5,000+$200 $10,000+$400 $25,000+$1,000 |
Min Deposit | $0 | $5,000 |
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 App | FDIC InsuredMod. MinimumGreat iOS AppGreat Android AppZelle® Supported |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.21% APY.
Comparison Analysis
Comparing Affirm vs. Carver Bank
As of Affirm offers an APY of 3.20% for its Affirm Money Account, with a minimum balance of $0, compared to Carver Bank's 4.00% APY for its High Yield Savings account, with a minimum balance of $5,000.
Carver Bank pays $80 more than Affirm on a $10,000 balance after one year. Affirm pays $320, while Carver Bank pays $400 - an APY advantage for Carver Bank.
Why Affirm?
- ✓Higher rated Android app (4.8 vs 4.5)
Why Carver Bank?
- ✓Higher potential APY (4.00% vs 3.20%)
- ✓Fast transfers via Zelle®
— Key Feature Differences —
Better Returns at $10,000
Carver BankCarver Bank's High Yield Savings earns more on smaller deposits (approx. $400 vs $320/yr).
Better Returns at $25,000
Carver BankCarver Bank's High Yield Savings pulls ahead with larger amounts (approx. $1000 vs $800/yr).
Best for Simplicity
Carver BankCarver Bank's High Yield Savings offers 4.00% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
AffirmAffirm offers an iOS app rated 4.9 (vs. 4.7) and Android app rated 4.8 (vs. 4.5)
Shared Benefits
Over a 1-year period, Carver Bank's High Yield Savings pays $80 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.
Executive Summary as of
Carver Bank offers a High Yield Savings account with a competitive APY of 4.00%, making it the clear winner in this comparison. This account requires a minimum deposit and balance of $5,000 but provides a straightforward savings option with no direct deposit requirement or maintenance fees if the balance is maintained. In contrast, Affirm features the Affirm Money Account with an APY of 3.20%, also requiring no minimum deposit and offering FDIC insurance through a partner bank. While Affirm excels in mobile app experience, Carver Bank stands out for higher returns, particularly beneficial for larger deposits.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Affirm vs. Carver Bank Savings Calculator
You earn $80 more with Carver 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
Carver Bank
High Yield Savings
Savings Breakdown
- Interest Earned+$400.00(3.8%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,400.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Affirm | Carver Bank |
|---|---|---|
| APY | 3.20% Verified: 1/7/2026 ↘︎ 0.40%90d Change | 4.00% Verified: 1/7/2026 Stable (90d) |
| Product Name | Affirm Money Account | High Yield Savings |
| Minimum Deposit | $0 | $5,000 |
| Min. Balance for APY | $0 | $5,000 |
| Monthly Fee | $0 | $0, of minimum balance requirement met. Otherwise $6. |
| 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 | iOS4.7 Android4.5 |
| Zelle® Support | Not Supported | Available Full native integration in digital banking. |
| BBB Rating | A+ | A+ |
| Important Notes | While Affirm is not a bank, it is FDIC-insured through partner Cross River Bank. | - |
| Next Steps | Visit SiteVerify at Affirm Non-sponsored link to official site | Visit SiteVerify at Carver Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Affirm | Carver Bank |
|---|---|---|
| Affirm Money Account | High Yield Savings | |
Current APY | 3.20% | 4.00% |
Trend | Stable | Stable |
Velocity (bps/mo) | -2.4 | -1.0 |
Days Since Change | 1 | 309 |
11-Month High | 3.85% | 4.25% |
11-Month Low | 3.20% | 4.00% |
Adjustments / Mo | 0.35 | 0.09 |
Volatility Score | 0.034 | 0.017 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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