Affirm vs. Forbright 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
Forbright Bank
Growth Savings
4.00%APYDec 10, 2025FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Forbright Bank
Growth Savings
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. Forbright Bank Savings Calculator
Forbright Bank earns $256.9 more than Affirm.
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
Forbright Bank
Growth Savings
Savings Breakdown
- Interest Earned+$2,434.70(11.9%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,434.70
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing Affirm vs. Forbright Bank
Why Affirm?
No distinct advantages found vs Forbright Bank.
Why Forbright Bank?
- ✓Higher potential APY (3.65%-4.00% vs 3.60%) on all balances
- ✓Physical branch access (Locations in the Washington D.C. area (Maryland and Virginia))
- ✓Offers 3 different high-yield savings options
— Key Feature Differences —
Better Returns at $10,000
Forbright BankForbright Bank's Growth Savings earns more on smaller deposits (approx. $400 vs $360/yr).
Better Returns at $25,000
Forbright BankForbright Bank's Growth Savings pulls ahead with larger amounts (approx. $1000 vs $900/yr).
Best for Simplicity
Forbright BankForbright Bank's Growth Savings offers 4.00% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Forbright Bank's Growth Savings pays $40 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.
Executive Summary
Affirm offers an online-only savings product, the Affirm Money Account, with a competitive APY of 3.60%. In contrast, Forbright Bank features the Growth Savings account, which provides a higher APY of 4.00% with no minimum balance requirement and no direct deposit needed, making it a more attractive option for savers. Forbright also has other savings accounts, such as the Bright Savings and Sprout Savings, which yield lower APYs of 3.65% and 3.65%, respectively. However, the Growth Savings account stands out as the best choice for simplicity and higher returns.
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 Forbright Bank.
| Feature | Affirm | Forbright Bank |
|---|---|---|
| APY | 3.60% Verified: 12/10/2025 ↘︎ 0.25%90d Change | 4.00% Verified: 12/10/2025 ↘︎ 0.25%90d Change |
| Product Name | Affirm Money Account | Growth Savings |
| 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 | iOS4.8 Android4.6 |
| 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 | Forbright Bank | ||
|---|---|---|---|---|
| Affirm Money Account | Sprout Savings | Bright Savings | Growth Savings | |
Current APY | 3.60% | 3.65% | 3.65% | 4.00% |
Trend | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | -2.7 | -3.2 | -3.2 | -2.5 |
Days Since Change | 75 | 70 | 70 | 62 |
11-Month High | 3.85% | 3.90% | 3.90% | 4.25% |
11-Month Low | 3.60% | 3.65% | 3.65% | 4.00% |
Adjustments / Mo | 0.09 | 0.09 | 0.09 | 0.09 |
Volatility Score | 0.030 | 0.030 | 0.030 | 0.026 |
How to read these metrics(Click to expand)
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