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 3.00% 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? Affirm pays $20 more than Chime annually ($320 vs $300).
Choose Affirm if getting the best rate matters most, or you want a no-strings-attached account.
Important Considerations
Chime requires a checking account to unlock its top savings rate, while Affirm offers its savings account standalone.
| Metric | AffirmAffirm Money Account Mar 18, 2026 | ChimeChime High-Yield Savings Account Mar 24, 2026 |
|---|---|---|
| APY | 3.20% | 0.75% - 3.00% |
Est. Earnings | $5,000+$160 $10,000+$320 $25,000+$800 | $5,000+$150 $10,000+$300 $25,000+$750 |
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 4.15% APY.
Executive Summary
Affirm offers the Affirm Money Account, which provides a competitive APY of 3.20%, with no direct deposit requirement and no maintenance fees, making it a strong choice for those seeking simplicity. In contrast, Chime's High-Yield Savings Account offers a slightly lower APY of 3.00% but requires a qualifying direct deposit of $200 or more within the preceding 34 days. Both accounts are online-only and FDIC-insured, but Affirm stands out as the winner based on the higher APY.
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?
- ✓Higher potential APY (3.20% vs 3.00%) on all balances
- ✓No checking account or direct deposit required
Why Chime?
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. $320 vs $300/yr).
Better Returns at $25,000
AffirmAffirm's Affirm Money Account pulls ahead with larger amounts (approx. $800 vs $750/yr).
Best for Simplicity
AffirmAffirm's Affirm Money Account offers 3.20% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Affirm's Affirm Money Account pays $20 more interest on a $10,000 balance than Chime's Chime High-Yield Savings 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 $20 more with Affirm than Chime 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+$300.00(2.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,300.00
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 $299 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: 3/18/2026 ↘︎ 0.40%90d Change | 3.00% Range: 0.75% - 3.00% Verified: 3/24/2026 ↘︎ 0.50%90d Change |
| 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% | 3.00% |
Trend | Stable | Stable |
Velocity (bps/mo) | -6.1 | -3.3 |
Days Since Change | 71 | 47 |
12-Month High | 3.85% | 3.75% |
12-Month Low | 3.20% | 2.00% |
Adjustments / Mo | 0.33 | 0.25 |
Volatility Score | 0.073 | 0.106 |
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 | 3.20% | $0 |
| Affirm vs American Express | 3.20% | $0 |
| Affirm vs Axos Bank | 4.21% | $0 |
| Affirm vs Barclays | 3.85% | $0 |
| Affirm vs Capital One | 3.20% | $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 | 3.65% | $0 |
| Affirm vs Newtek Bank | 4.20% | $0.01 |
| Affirm vs Openbank | 4.09% | $500 |
| Affirm vs Pibank | 4.60% | $0 |
| Affirm vs SoFi Bank | 4.00% | $0 |
| Affirm vs Synchrony Bank | 3.50% | $0 |
| Affirm vs Varo Bank | 5.00% | $0 |
| Affirm vs Wealthfront | 4.20% | $0 |