Affirm vs. Chase 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
Chase Bank
Chase Savings℠
0.01%APYDec 10, 2025FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppIn-Person AccessShow Fine Print & Trends Hide Details
Chase Bank
Chase 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. Chase Bank Savings Calculator
Affirm earns $2,172.1 more than Chase 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
Chase Bank
Chase Savings℠
Savings Breakdown
- Interest Earned+$5.70(0.0%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$18,005.70
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing Affirm vs. Chase Bank
Why Affirm?
- ✓Higher potential APY (3.60% vs 0.01%) on all balances
- ✓No checking account or direct deposit required
Why Chase 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 $1/yr).
Better Returns at $25,000
AffirmAffirm's Affirm Money Account pulls ahead with larger amounts (approx. $900 vs $3/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 $359 more interest on a $10,000 balance than Chase Bank's Chase Savings℠.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary
Affirm offers a competitive APY of 3.60% on its Affirm Money Account, which is an online-only savings product with no minimum deposit, maintenance fees, or direct deposit requirements. This account is FDIC-insured through Cross River Bank, making it a solid choice for those looking to earn interest without complex conditions. In contrast, Chase Bank's savings option, the Chase Savings℠ account, provides a significantly lower APY of 0.01% and incurs a maintenance fee of $5, although this fee can be waived under certain conditions. Overall, Affirm's offering stands out as the superior 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.
Top Market Contenders
See who beats both Affirm and Chase Bank.
| Feature | Affirm | Chase Bank |
|---|---|---|
| APY | 3.60% Verified: 12/10/2025 ↘︎ 0.25%90d Change | 0.01% Verified: 12/10/2025 Stable (90d) |
| Product Name | Affirm Money Account | Chase Savings℠ |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $5 |
| 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 Android4.6 |
| BBB Rating | A+ | A- |
| Important Notes | While Affirm is not a bank, it is FDIC-insured through partner Cross River Bank. | APY may vary by market. The maintenance fee may be waived under some circumstances, such as if the account balance is maintained with at least $300 each day, or you set up automatic transfers from a linked Chase account, etc. |
| Next Steps |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Affirm | Chase Bank |
|---|---|---|
| Affirm Money Account | Chase Savings℠ | |
Current APY | 3.60% | 0.01% |
Trend | Stable | Stable |
Velocity (bps/mo) | -2.8 | -0.0 |
Days Since Change | 75 | 315 |
10-Month High | 3.85% | 0.01% |
10-Month Low | 3.60% | 0.01% |
Adjustments / Mo | 0.09 | 0.00 |
Volatility Score | 0.030 | 0.000 |
How to read these metrics(Click to expand)
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