Affirm vs. Openbank
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
Openbank
High-Yield Savings Account
4.20%APYDec 10, 2025FDIC InsuredLow MinimumsShow Fine Print & Trends Hide Details
Openbank
High-Yield Savings Account
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. Openbank Savings Calculator
Openbank 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
Openbank
High-Yield Savings Account
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. Openbank
Why Affirm?
- ✓Higher rated iOS app (4.9 vs 3.1)
- ✓Higher rated Android app (4.8 vs 3.1)
Why Openbank?
- ✓Higher potential APY (4.20% vs 3.60%) 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 $360/yr).
Better Returns at $25,000
OpenbankOpenbank's High-Yield Savings Account pulls ahead with larger amounts (approx. $1050 vs $900/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. 3.1)
Shared Benefits
Over a 1-year period, Openbank's High-Yield Savings Account 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
Openbank offers a High-Yield Savings Account with a competitive APY of 4.20%, making it the higher-yielding option compared to Affirm's Money Account, which has an APY of 3.60%. Both accounts are online-only and have no maintenance fees, but Openbank requires a minimum deposit of $500. Notably, Openbank's account is praised for its simplicity, with no direct deposit requirement or caps, while Affirm is recognized for its superior mobile app experience. Both accounts are FDIC-insured, providing a secure savings option.
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 Openbank.
| Feature | Affirm | Openbank |
|---|---|---|
| APY | 3.60% Verified: 12/10/2025 ↘︎ 0.25%90d Change | 4.20% Verified: 12/10/2025 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 Android3.1 |
| BBB Rating | A+ | Not Rated |
| 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 | Openbank |
|---|---|---|
| Affirm Money Account | High-Yield Savings Account | |
Current APY | 3.60% | 4.20% |
Trend | Stable | Stable |
Velocity (bps/mo) | -3.2 | -3.4 |
Days Since Change | 75 | 141 |
9-Month High | 3.85% | 4.75% |
9-Month Low | 3.60% | 4.20% |
Adjustments / Mo | 0.10 | 0.31 |
Volatility Score | 0.031 | 0.027 |
How to read these metrics(Click to expand)
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