Affirm vs. Newtek 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
Newtek Bank
Personal High Yield Savings
4.35%APYDec 10, 2025FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Newtek Bank
Personal High Yield 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. Newtek Bank Savings Calculator
Newtek Bank earns $484.2 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
Newtek Bank
Personal High Yield Savings
Savings Breakdown
- Interest Earned+$2,662.00(12.9%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,662.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing Affirm vs. Newtek Bank
Why Affirm?
- ✓Higher rated iOS app (4.9 vs 4.5)
- ✓Higher rated Android app (4.8 vs 4.2)
Why Newtek Bank?
- ✓Higher potential APY (4.35% vs 3.60%) on all balances
— Key Feature Differences —
Better Returns at $10,000
Newtek BankNewtek Bank's Personal High Yield Savings earns more on smaller deposits (approx. $435 vs $360/yr).
Better Returns at $25,000
Newtek BankNewtek Bank's Personal High Yield Savings pulls ahead with larger amounts (approx. $1088 vs $900/yr).
Best for Simplicity
Newtek BankNewtek Bank's Personal High Yield Savings offers 4.35% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
AffirmAffirm offers an iOS app rated 4.9 (vs. 4.5) and Android app rated 4.8 (vs. 4.2)
Shared Benefits
Over a 1-year period, Newtek Bank's Personal High Yield Savings pays $75 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
Newtek Bank offers a competitive Personal High Yield Savings account with an APY of 4.35%, making it the clear winner in this comparison. This account has no minimum balance requirement, maintenance fees, or direct deposit conditions, ensuring simplicity for users. In contrast, Affirm provides an Affirm Money Account with a lower APY of 3.60%. While Affirm boasts a strong mobile app experience, it does not match the returns offered by Newtek Bank. Both accounts are online-only and FDIC-insured, catering to users looking for digital banking solutions.
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 Newtek Bank.
| Feature | Affirm | Newtek Bank |
|---|---|---|
| APY | 3.60% Verified: 12/10/2025 ↘︎ 0.25%90d Change | 4.35% Verified: 12/10/2025 Stable (90d) |
| Product Name | Affirm Money Account | Personal High Yield Savings |
| Minimum Deposit | $0 | $0.01 |
| 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 | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.9 Android4.8 | iOS4.5 Android4.2 |
| 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 | Newtek Bank |
|---|---|---|
| Affirm Money Account | Personal High Yield Savings | |
Current APY | 3.60% | 4.35% |
Trend | Stable | Stable |
Velocity (bps/mo) | -2.7 | -1.4 |
Days Since Change | 75 | 243 |
11-Month High | 3.85% | 4.55% |
11-Month Low | 3.60% | 4.35% |
Adjustments / Mo | 0.09 | 0.19 |
Volatility Score | 0.030 | 0.014 |
How to read these metrics(Click to expand)
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