Affirm vs. Charles Schwab Bank
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
Charles Schwab Bank
Schwab Bank Investor Savings™
0.15%APYDec 10, 2025FDIC InsuredNo MinimumsGreat iOS AppIn-Person AccessShow Fine Print & Trends Hide Details
Charles Schwab Bank
Schwab Bank Investor Savings™
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. Charles Schwab Bank Savings Calculator
Affirm earns $2,091.7 more than Charles Schwab Bank.
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
Charles Schwab Bank
Schwab Bank Investor Savings™
Savings Breakdown
- Interest Earned+$86.10(0.5%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$18,086.10
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing Affirm vs. Charles Schwab Bank
Why Affirm?
- ✓Higher potential APY (3.60% vs 0.15%) on all balances
- ✓No checking account or direct deposit required
- ✓Higher rated Android app (4.8 vs 2.9)
Why Charles Schwab Bank?
No distinct advantages found vs Affirm.
— Key Feature Differences —
Better Returns at $10,000
AffirmAffirm's Affirm Money Account earns more on smaller deposits (approx. $360 vs $15/yr).
Better Returns at $25,000
AffirmAffirm's Affirm Money Account pulls ahead with larger amounts (approx. $900 vs $38/yr).
Best for Simplicity
AffirmAffirm's Affirm Money Account offers 3.60% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Affirm's Affirm Money Account pays $345 more interest on a $10,000 balance than Charles Schwab Bank's Schwab Bank Investor Savings™.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary
Affirm offers the Affirm Money Account, which provides a competitive 3.60% APY with no minimum deposit or maintenance fees, making it an attractive option for savers looking for simplicity and better returns. In contrast, Charles Schwab Bank's Schwab Bank Investor Savings™ yields a much lower 0.15% APY, although it also has no minimum deposit requirement and is not online-only. Both accounts are FDIC-insured, but Affirm's offering significantly outperforms Schwab's in terms of interest rates.
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 Charles Schwab Bank.
| Feature | Affirm | Charles Schwab Bank |
|---|---|---|
| APY | 3.60% Verified: 12/10/2025 ↘︎ 0.25%90d Change | 0.15% Verified: 12/10/2025 Stable (90d) |
| Product Name | Affirm Money Account | Schwab Bank Investor Savings™ |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0.01 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | Yes |
| Account Type | Online Only | Online & Branches |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.9 Android4.8 | iOS4.8 Android2.9 |
| 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 | Charles Schwab Bank |
|---|---|---|
| Affirm Money Account | Schwab Bank Investor Savings™ | |
Current APY | 3.60% | 0.15% |
Trend | Stable | Stable |
Velocity (bps/mo) | -2.8 | -0.0 |
Days Since Change | 75 | 314 |
10-Month High | 3.85% | 0.15% |
10-Month Low | 3.60% | 0.15% |
Adjustments / Mo | 0.10 | 0.00 |
Volatility Score | 0.030 | 0.000 |
How to read these metrics(Click to expand)
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