Affirm vs. Chime
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
Chime
Chime High-Yield Savings Account
Up to3.50%APYDec 10, 2025FDIC InsuredDirect Deposit ReqChecking BundleNo MinimumsGreat iOS AppGreat Android AppRange: 1.00% – 3.50%Show Fine Print & Trends Hide Details
Chime
Chime High-Yield Savings Account
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. Chime Savings Calculator
Affirm earns $63.7 more than Chime.
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
Chime
Chime High-Yield Savings Account
Savings Breakdown
- Interest Earned+$2,114.10(10.5%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,114.10
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing Affirm vs. Chime
Why Affirm?
- ✓No checking account or direct deposit required
Why Chime?
No distinct advantages found vs Affirm.
— Key Feature Differences —
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 $10 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.
Executive Summary
Affirm's Affirm Money Account stands out with a competitive APY of 3.60%, making it an excellent option for those seeking simplicity, as it requires no direct deposit and has no maintenance fees. In contrast, Chime's High-Yield Savings Account offers a slightly lower APY of 3.50% but mandates a qualifying direct deposit of $200 or more within the preceding 34 days. Both accounts are online-only and FDIC-insured, with no minimum deposit requirements. However, Affirm's account provides greater flexibility without the need for direct deposit.
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 Chime.
| Feature | Affirm | Chime |
|---|---|---|
| APY | 3.60% Verified: 12/10/2025 ↘︎ 0.25%90d Change | 3.50% Range: 1.00% - 3.50% Verified: 12/10/2025 ↘︎ 0.25%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 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| 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 | iOS4.9 Android4.8 | iOS4.8 Android4.7 |
| 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 | Chime |
|---|---|---|
| Affirm Money Account | Chime High-Yield Savings Account | |
Current APY | 3.60% | 3.50% |
Trend | Stable | Stable |
Velocity (bps/mo) | -2.8 | 12.1 |
Days Since Change | 75 | 55 |
10-Month High | 3.85% | 3.75% |
10-Month Low | 3.60% | 2.00% |
Adjustments / Mo | 0.10 | 0.19 |
Volatility Score | 0.030 | 0.193 |
How to read these metrics(Click to expand)
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