Affirm vs. Chime
Comparing Affirm and Chime for high-yield savings: Affirm's Affirm Money Account pays 3.20% APY while Chime's Chime High-Yield Savings Account pays 3.75% APY.
Note: Chime requires a checking account.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Chime pays $55 more than Affirm annually ($375 vs $320).
Choose Affirm if you want a no-strings-attached account. Choose Chime if getting the best rate matters most.
Important Considerations
Chime requires a checking account to unlock its top savings rate, while Affirm offers its savings account standalone.
| Metric | AffirmAffirm Money Account Aug 6, 2026 | ChimeChime High-Yield Savings Account Aug 6, 2026 |
|---|---|---|
| APY | 3.20% | 0.75% - 3.75% |
Est. Earnings | $5,000+$160 $10,000+$320 $25,000+$800 | $5,000+$188 $10,000+$375 $25,000+$938 |
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 AppDirect Deposit ReqChecking BundleDaily CompoundingRate Changes Often |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.10% APY.
Executive Summary
Chime's High-Yield Savings Account stands out with a competitive APY of 3.75%, making it the winner among the two banks compared. This account requires a qualifying direct deposit of $200 or more within the preceding 34 days, but offers the advantage of higher returns, especially for larger deposits. In contrast, Affirm's Money Account offers a simpler option with a 3.20% APY and no direct deposit requirement, making it accessible without additional conditions. Both accounts are online-only and provide FDIC insurance.
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 checking account or direct deposit required
Why Chime?
- ✓Higher potential APY (3.75% vs 3.20%) on all balances
— Key Feature Differences —
Better Returns at $10,000
ChimeChime's Chime High-Yield Savings Account earns more on smaller deposits (approx. $375 vs $320/yr).
Better Returns at $25,000
ChimeChime's Chime High-Yield Savings Account pulls ahead with larger amounts (approx. $938 vs $800/yr).
Best for Simplicity
AffirmAffirm's Affirm Money Account offers 3.20% APY with no bundling, direct deposit requirement or caps.
Best for All-in-One Banking
ChimeChime's Chime High-Yield Savings Account pays a superior APY for customers who also open a checking account.
Shared Benefits
Over a 1-year period, Chime's Chime High-Yield Savings Account pays $55 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.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Affirm vs. Chime Savings Calculator
You earn $55 more with Chime 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
Chime
Chime High-Yield Savings Account
Savings Breakdown
- Interest Earned+$375.00(3.6%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,375.00
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 Chime dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Affirm | Chime |
|---|---|---|
| APY | 3.20% Verified: 8/6/2026 Stable (90d) | 3.75% Range: 0.75% - 3.75% Verified: 8/6/2026 - |
| Product Name | Affirm Money Account | Chime High-Yield Savings Account |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0.01 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Daily |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Physical Branches | None | N/A |
| Direct Deposit Req. | None | RequiredYou need to receive a qualifying direct deposit of $200 or more within the preceding 34 days |
| Checking Bundle | No | Yes |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | Yes |
| Zelle® Support | Not Supported | Not Supported |
| 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 Chime Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Affirm | Chime |
|---|---|---|
| Affirm Money Account | Chime High-Yield Savings Account | |
Current APY | 3.20% | 3.75% |
Trend | Stable | Stable |
Velocity (bps/mo) | -6.2 | -8.1 |
Days Since Change | 212 | 4 |
12-Month High | 3.85% | 3.75% |
12-Month Low | 3.20% | 3.00% |
Adjustments / Mo | 0.33 | 0.25 |
Volatility Score | 0.076 | 0.085 |
How to read these metrics(Click to expand)
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Compare Affirm's APY of 3.20% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Affirm vs Ally Bank | 3.00% | $0 |
| Affirm vs American Express | 3.00% | $0 |
| Affirm vs Axos Bank | 4.21% | $0 |
| Affirm vs Barclays | 3.65% | $0 |
| Affirm vs Capital One | 3.00% | $0 |
| Affirm vs CIT Bank | 3.75% | $100 |
| Affirm vs Discover Bank | 3.30% | $0 |
| Affirm vs EverBank | 3.90% | $0 |
| Affirm vs Marcus by Goldman Sachs | 3.40% | $0 |
| Affirm vs Newtek Bank | 4.20% | $0.01 |
| Affirm vs Openbank | 3.80% | $500 |
| Affirm vs Pibank | 4.10% | $0 |
| Affirm vs SoFi Bank | 3.80% | $0 |
| Affirm vs Synchrony Bank | 3.30% | $0 |
| Affirm vs Varo Bank | 3.75% | $0 |
| Affirm vs Wealthfront | 4.20% | $0 |