Affirm vs. Synchrony Bank
Comparing Affirm and Synchrony Bank for high-yield savings: Affirm's Affirm Money Account pays 3.20% APY while Synchrony Bank's High Yield Savings pays 3.30% APY.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Synchrony Bank pays $10 more than Affirm annually ($330 vs $320).
| Metric | AffirmAffirm Money Account Jun 22, 2026 | Synchrony BankHigh Yield Savings Jun 22, 2026 |
|---|---|---|
| APY | 3.20% | 3.30% |
Est. Earnings | $5,000+$160 $10,000+$320 $25,000+$800 | $5,000+$165 $10,000+$330 $25,000+$825 |
Min Deposit | $0 | $0 |
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 AppDaily CompoundingRate Changes Often | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppDaily CompoundingRate Changes Often |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.15% APY.
Comparison Analysis
Comparing Affirm vs. Synchrony Bank
Executive Summary
Synchrony Bank offers a High Yield Savings account with an APY of 3.30%, making it the winner in this comparison. This account is online-only, requires no minimum deposit or balance, and has no maintenance fees. In contrast, Affirm provides an Affirm Money Account with a slightly lower APY of 3.20%. Like Synchrony, Affirm is also online-only and has no minimum requirements or fees. Both accounts are FDIC-insured, ensuring safety for deposits.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Affirm?
No distinct advantages found vs Synchrony Bank.
Why Synchrony Bank?
No distinct advantages found vs Affirm.
Shared Benefits
Over a 1-year period, Synchrony Bank's High Yield Savings pays $10 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.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Affirm vs. Synchrony Bank Savings Calculator
You earn $10 more with Synchrony Bank 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
Synchrony Bank
High Yield Savings
Savings Breakdown
- Interest Earned+$330.00(3.2%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,330.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Still banking with Chase, Bank of America, or Wells Fargo?
On a $10,000 balance, you're missing out on at least $319 per year in interest.
Both Affirm and Synchrony Bank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Affirm | Synchrony Bank |
|---|---|---|
| APY | 3.20% Verified: 6/22/2026 Stable (90d) | 3.30% Verified: 6/22/2026 ↘︎ 0.20%90d Change |
| Product Name | Affirm Money Account | High Yield Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Daily |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Physical Branches | None | N/A |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| 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 Synchrony Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Affirm | Synchrony Bank |
|---|---|---|
| Affirm Money Account | High Yield Savings | |
Current APY | 3.20% | 3.30% |
Trend | Stable | Stable |
Velocity (bps/mo) | -7.1 | -4.4 |
Days Since Change | 167 | 6 |
12-Month High | 3.85% | 3.80% |
12-Month Low | 3.20% | 3.30% |
Adjustments / Mo | 0.33 | 0.33 |
Volatility Score | 0.081 | 0.044 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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More Comparisons
Compare Affirm's APY of 3.20% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Affirm vs Ally Bank | 3.10% | $0 |
| Affirm vs American Express | 3.10% | $0 |
| Affirm vs Axos Bank | 4.21% | $0 |
| Affirm vs Barclays | 3.75% | $0 |
| Affirm vs Capital One | 3.00% | $0 |
| Affirm vs Chime | 3.00% | $0 |
| Affirm vs CIT Bank | 3.75% | $100 |
| Affirm vs Discover Bank | 3.30% | $0 |
| Affirm vs EverBank | 3.90% | $0 |
| Affirm vs Marcus by Goldman Sachs | 3.40% | $0 |
| Affirm vs Newtek Bank | 4.20% | $0.01 |
| Affirm vs Openbank | 4.00% | $500 |
| Affirm vs Pibank | 4.40% | $0 |
| Affirm vs SoFi Bank | 3.80% | $0 |
| Affirm vs Varo Bank | 5.00% | $0 |
| Affirm vs Wealthfront | 4.20% | $0 |