Affirm vs. Citibank
Affirm and Citibank both offer 3.20% APY on their high-yield savings accounts. With identical rates, your choice comes down to other factors like mobile app quality, branch access, or customer service reputation.
The Bottom Line
The Affirm and Citibank savings accounts are very similar. Choose Affirm if BBB rating matters to you, or choose Citibank if you want Zelle for quick transfers.
Important Considerations
Citibank's Accelerate Savings is only available in select states where Citi has no branch presence. Check eligibility before applying.
| Metric | AffirmAffirm Money Account Feb 6, 2026 | CitibankCiti Accelerate Savings Feb 6, 2026 |
|---|---|---|
| APY | 3.20% | 3.20% |
Est. Earnings | $5,000+$160 $10,000+$320 $25,000+$800 | $5,000+$160 $10,000+$320 $25,000+$800 |
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. | Eligibility restricted to select states. |
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppDaily CompoundingRate Changes Often | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® SupportedDaily 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
Both Affirm and Citibank offer competitive savings accounts with an APY of 3.20%. Affirm's Money Account is online-only, requires no minimum deposit or balance, and is FDIC-insured through Cross River Bank. Citibank's Citi Accelerate Savings also has similar terms, including a $0 minimum deposit, but has a minimum balance requirement of $0.01 to avoid a maintenance fee. However, Citibank's eligibility is restricted to select states, while Affirm has no such restrictions. For those looking for a straightforward savings option without state limitations, Affirm is a solid choice.
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?
- ✓Available Nationwide
Why Citibank?
- ✓Physical branch access (U.S. branches are concentrated in six metropolitan areas, New York City, Chicago, Los Angeles, San Francisco, Washington, D.C., and Miami.)
- ✓Fast transfers via Zelle® (up to $2,500 a day)
Shared Benefits
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Affirm vs. Citibank Savings Calculator
Both accounts earn exactly the same amount.
Affirm
Affirm Money Account
Savings Breakdown
- Interest Earned+$320.00(3.1%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,320.00
Citibank
Citi Accelerate Savings
Savings Breakdown
- Interest Earned+$320.00(3.1%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,320.00
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 Citibank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Affirm | Citibank |
|---|---|---|
| APY | 3.20% Verified: 2/6/2026 ↘︎ 0.40%90d Change | 3.20% Verified: 2/6/2026 ↘︎ 0.15%90d Change |
| Product Name | Affirm Money Account | Citi Accelerate Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0.01 |
| Monthly Fee | $0 | $4.50. Waived for average monthly balances > $500 |
| Compound Frequency | Daily | Daily |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Physical Branches | None | U.S. branches are concentrated in six metropolitan areas, New York City, Chicago, Los Angeles, San Francisco, Washington, D.C., and Miami. |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Not Supported | Available Limit: $2,500/dayTiered limits based on account status (Citigold higher). |
| BBB Rating | A+ | D- |
| Important Notes | While Affirm is not a bank, it is FDIC-insured through partner Cross River Bank. | Eligibility restricted to select states. |
| Next Steps | Visit SiteVerify at Affirm Non-sponsored link to official site | Visit SiteVerify at Citibank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Affirm | Citibank | |
|---|---|---|---|
| Affirm Money Account | Citi® Savings Account | Citi Accelerate Savings | |
Current APY | 3.20% | 0.03% | 3.20% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -4.2 | 0.0 | -4.7 |
Days Since Change | 31 | 365 | 10 |
12-Month High | 3.85% | 0.03% | 3.80% |
12-Month Low | 3.20% | 0.03% | 3.20% |
Adjustments / Mo | 0.33 | 0.00 | 0.58 |
Volatility Score | 0.057 | 0.000 | 0.049 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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More Comparisons
Compare Affirm's APY of 3.20% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Affirm vs Ally Bank | 3.30% | $0 |
| Affirm vs American Express | 3.30% | $0 |
| Affirm vs Axos Bank | 4.21% | $0 |
| Affirm vs Bank of America | 0.01% | $100 |
| Affirm vs Barclays | 4.00% | $0 |
| Affirm vs Capital One | 3.30% | $0 |
| Affirm vs Chase Bank | 0.01% | $0 |
| Affirm vs Chime | 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 | 3.65% | $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 | 3.95% | $0 |
| Affirm vs Wells Fargo | 0.05% | $25 |