Affirm vs. Santander 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
Santander Bank
Santander Savings
0.01%APYDec 10, 2025FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppIn-Person AccessShow Fine Print & Trends Hide Details
Santander Bank
Santander 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. Santander Bank Savings Calculator
Affirm earns $2,172.1 more than Santander Bank.
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
Santander Bank
Santander Savings
Savings Breakdown
- Interest Earned+$5.70(0.0%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$18,005.70
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing Affirm vs. Santander Bank
Why Affirm?
- ✓Higher potential APY (3.60% vs 0.01%) on all balances
- ✓No checking account or direct deposit required
- ✓Higher rated Android app (4.8 vs 4.0)
Why Santander Bank?
- ✓Physical branch access (Primarily in the Northeast and Miami, Florida)
— Key Feature Differences —
Better Returns at $10,000
AffirmAffirm's Affirm Money Account earns more on smaller deposits (approx. $360 vs $1/yr).
Better Returns at $25,000
AffirmAffirm's Affirm Money Account pulls ahead with larger amounts (approx. $900 vs $3/yr).
Best for Simplicity
AffirmAffirm's Affirm Money Account offers 3.60% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
AffirmAffirm offers an iOS app rated 4.9 (vs. 4.8) and Android app rated 4.8 (vs. 4.0)
Shared Benefits
Over a 1-year period, Affirm's Affirm Money Account pays $359 more interest on a $10,000 balance than Santander Bank's Santander Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary
Affirm offers a compelling savings option with its Affirm Money Account, boasting a competitive APY of 3.60%, which is significantly higher than Santander Bank's Savings account, which yields only 0.01% APY. Affirm's account has no minimum deposit or maintenance fees, and it does not require direct deposit, making it a simple choice for savers. Additionally, it is an online-only account, providing ease of access through its highly-rated mobile app. In contrast, Santander's Savings account requires a minimum deposit of $25 and has a maintenance fee of $1, making it less appealing for those seeking 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 Santander Bank.
| Feature | Affirm | Santander Bank |
|---|---|---|
| APY | 3.60% Verified: 12/10/2025 ↘︎ 0.25%90d Change | 0.01% Verified: 12/10/2025 ↘︎ 0.02%90d Change |
| Product Name | Affirm Money Account | Santander Savings |
| Minimum Deposit | $0 | $25 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $1 |
| Branch Access | None | Yes |
| Account Type | Online Only | Online & Branches |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.9 Android4.8 | iOS4.8 Android4.0 |
| 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 | Santander Bank |
|---|---|---|
| Affirm Money Account | Santander Savings | |
Current APY | 3.60% | 0.01% |
Trend | Stable | Stable |
Velocity (bps/mo) | -2.7 | -0.2 |
Days Since Change | 75 | 82 |
11-Month High | 3.85% | 0.03% |
11-Month Low | 3.60% | 0.01% |
Adjustments / Mo | 0.09 | 0.09 |
Volatility Score | 0.030 | 0.384 |
How to read these metrics(Click to expand)
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