Affirm vs. LendingClub
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
LendingClub
LevelUp Savings
Up to4.20%APYDec 10, 2025FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppRange: 3.20% – 4.20%Show Fine Print & Trends Hide Details
LendingClub
LevelUp Savings
Prefer In-Person Banking?
Both of these banks are online-only. If you need physical branch access, check out our list of high-yield accounts with brick-and-mortar locations.
Affirm vs. LendingClub Savings Calculator
LendingClub earns $386.5 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
LendingClub
LevelUp Savings
Savings Breakdown
- Interest Earned+$2,564.30(12.5%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,564.30
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing Affirm vs. LendingClub
Why Affirm?
- ✓No checking account or direct deposit required
Why LendingClub?
- ✓Higher potential APY (4.20% vs 3.60%) on all balances
— Key Feature Differences —
Better Returns at $10,000
LendingClubLendingClub's LevelUp Savings earns more on smaller deposits (approx. $420 vs $360/yr).
Better Returns at $25,000
LendingClubLendingClub's LevelUp Savings pulls ahead with larger amounts (approx. $1050 vs $900/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, LendingClub's LevelUp Savings pays $60 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
LendingClub's LevelUp Savings account stands out with a competitive 4.20% APY, significantly higher than Affirm's 3.60% APY offered through the Affirm Money Account. Both accounts have no minimum deposit or maintenance fees and are online-only, with FDIC insurance. However, to earn the higher rate with LendingClub, a monthly deposit of $250 or more is required; otherwise, the standard rate drops to 3.20%. Affirm's account, while simpler with no deposit requirements, does not match the returns provided by LendingClub for those who can meet the deposit condition.
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 LendingClub.
| Feature | Affirm | LendingClub |
|---|---|---|
| APY | 3.60% Verified: 12/10/2025 ↘︎ 0.25%90d Change | 4.20% Range: 3.20% - 4.20% Verified: 12/10/2025 Stable (90d) |
| Product Name | Affirm Money Account | LevelUp 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 Android4.7 |
| BBB Rating | A+ | A+ |
| Important Notes | While Affirm is not a bank, it is FDIC-insured through partner Cross River Bank. | The advertised "LevelUp Rate" APY of 4.20% is only available if you deposit $250+ into the account each month. Otherwise the "Standard Rate" of 3.20% applies. |
| Next Steps |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Affirm | LendingClub |
|---|---|---|
| Affirm Money Account | LevelUp Savings | |
Current APY | 3.60% | 4.20% |
Trend | Stable | Stable |
Velocity (bps/mo) | -2.7 | -3.6 |
Days Since Change | 75 | 152 |
11-Month High | 3.85% | 4.50% |
11-Month Low | 3.60% | 4.20% |
Adjustments / Mo | 0.09 | 0.19 |
Volatility Score | 0.030 | 0.029 |
How to read these metrics(Click to expand)
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