Affirm vs. Discover 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
Discover Bank
Online Savings Account
3.40%APYDec 10, 2025FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Discover Bank
Online 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. Discover Bank Savings Calculator
Affirm earns $127.3 more than Discover 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
Discover Bank
Online Savings Account
Savings Breakdown
- Interest Earned+$2,050.50(10.2%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,050.50
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing Affirm vs. Discover Bank
Why Affirm?
- ✓Higher potential APY (3.60% vs 3.40%) on all balances
Why Discover 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 $340/yr).
Better Returns at $25,000
AffirmAffirm's Affirm Money Account pulls ahead with larger amounts (approx. $900 vs $850/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 $20 more interest on a $10,000 balance than Discover Bank's Online Savings Account.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary
Affirm offers a competitive savings option with its Affirm Money Account, providing a notable APY of 3.60%. This account stands out for its simplicity, requiring no minimum deposit, maintenance fees, or direct deposit, making it accessible for a wide range of customers. In comparison, Discover Bank's Online Savings Account offers a slightly lower APY of 3.40% with similar terms, including no minimum deposit or fees. Both accounts are online-only and FDIC-insured, but Affirm's higher APY positions it as the preferred choice for savers.
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 Discover Bank.
| Feature | Affirm | Discover Bank |
|---|---|---|
| APY | 3.60% Verified: 12/10/2025 ↘︎ 0.25%90d Change | 3.40% Verified: 12/10/2025 ↘︎ 0.10%90d Change |
| Product Name | Affirm Money Account | Online Savings Account |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.9 Android4.8 | iOS4.9 Android4.8 |
| 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 | Discover Bank |
|---|---|---|
| Affirm Money Account | Online Savings Account | |
Current APY | 3.60% | 3.40% |
Trend | Stable | Stable |
Velocity (bps/mo) | -2.7 | -3.7 |
Days Since Change | 75 | 71 |
11-Month High | 3.85% | 3.75% |
11-Month Low | 3.60% | 3.40% |
Adjustments / Mo | 0.09 | 0.37 |
Volatility Score | 0.030 | 0.035 |
How to read these metrics(Click to expand)
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