Affirm vs. Openbank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | AffirmAffirm Money Account Jan 12, 2026 | OpenbankHigh-Yield Savings Account Jan 12, 2026 |
|---|---|---|
| APY | 3.20% | 4.20% |
Est. Earnings | $5,000+$160 $10,000+$320 $25,000+$800 | $5,000+$210 $10,000+$420 $25,000+$1,050 |
Min Deposit | $0 | $500 |
Snapshot view. Rates subject to change. | ||
Terms | While Affirm is not a bank, it is FDIC-insured through partner Cross River Bank. | - |
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android App | FDIC InsuredLow Minimums |
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.
As of Affirm offers an APY of 3.20% for its Affirm Money Account, with a minimum balance of $0, compared to Openbank's 4.20% APY for its High-Yield Savings Account, with a minimum balance of $0.
Openbank pays $100 more than Affirm on a $10,000 balance after one year. Affirm pays $320, while Openbank pays $420 - an APY advantage for Openbank.
Why Affirm?
- ✓Higher rated iOS app (4.9 vs 3.1)
- ✓Higher rated Android app (4.8 vs 2.8)
Why Openbank?
- ✓Higher potential APY (4.20% vs 3.20%) on all balances
— Key Feature Differences —
Better Returns at $10,000
OpenbankOpenbank's High-Yield Savings Account earns more on smaller deposits (approx. $420 vs $320/yr).
Better Returns at $25,000
OpenbankOpenbank's High-Yield Savings Account pulls ahead with larger amounts (approx. $1050 vs $800/yr).
Best for Simplicity
OpenbankOpenbank's High-Yield Savings Account offers 4.20% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
AffirmAffirm offers an iOS app rated 4.9 (vs. 3.1) and Android app rated 4.8 (vs. 2.8)
Shared Benefits
Over a 1-year period, Openbank's High-Yield Savings Account pays $100 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 as of
Openbank offers a High-Yield Savings Account with a competitive APY of 4.20%, making it the winner in this comparison. This account requires a minimum deposit of $500 but has no maintenance fees and allows for monthly compounding. In contrast, Affirm provides an Affirm Money Account with an APY of 3.20%, which is also online-only and requires no minimum deposit or maintenance fees. While Affirm is noted for its excellent mobile app experience, Openbank stands out for its higher returns, especially on larger deposits, making it a better choice for savers seeking higher yields.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Affirm vs. Openbank Savings Calculator
You earn $100 more with Openbank than Affirm on a $10,000 initial deposit for 1 year*.
*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.
Affirm
Affirm Money Account
Savings Breakdown
- Interest Earned+$320.00(3.1%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,320.00
Openbank
High-Yield Savings Account
Savings Breakdown
- Interest Earned+$420.00(4.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,420.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Affirm | Openbank |
|---|---|---|
| APY | 3.20% Verified: 1/12/2026 ↘︎ 0.40%90d Change | 4.20% Verified: 1/12/2026 Stable (90d) |
| Product Name | Affirm Money Account | High-Yield Savings Account |
| Minimum Deposit | $0 | $500 |
| 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 | iOS3.1 Android2.8 |
| Zelle® Support | Not Supported | Not Supported |
| BBB Rating | A+ | Not Rated |
| Important Notes | While Affirm is not a bank, it is FDIC-insured through partner Cross River Bank. | - |
| Next Steps | Visit SiteVerify at Affirm Non-sponsored link to official site | Visit SiteVerify at Openbank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Affirm | Openbank |
|---|---|---|
| Affirm Money Account | High-Yield Savings Account | |
Current APY | 3.20% | 4.20% |
Trend | Stable | Stable |
Velocity (bps/mo) | -3.1 | -2.9 |
Days Since Change | 6 | 174 |
10-Month High | 3.85% | 4.75% |
10-Month Low | 3.20% | 4.20% |
Adjustments / Mo | 0.38 | 0.28 |
Volatility Score | 0.041 | 0.026 |
How to read these metrics(Click to expand)
Compare Similar High-Yield Accounts
Compare Affirm vs...
Comparing against Standard Savings
Compare Openbank vs...
Comparing against Standard Savings
High Rates (With Checking Bundle)
Looking for something different? Check out these top-rated alternatives.