Affirm vs. Synchrony 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
Synchrony Bank
High Yield Savings
3.65%APYDec 10, 2025FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Synchrony Bank
High Yield 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. Synchrony Bank Savings Calculator
Synchrony Bank earns $31.9 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
Synchrony Bank
High Yield Savings
Savings Breakdown
- Interest Earned+$2,209.70(10.9%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,209.70
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing Affirm vs. Synchrony Bank
Why Affirm?
- ✓Higher rated Android app (4.8 vs 4.4)
Why Synchrony Bank?
No distinct advantages found vs Affirm.
Shared Benefits
Over a 1-year period, Synchrony Bank's High Yield Savings pays $5 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
Affirm offers a competitive APY of 3.60% on its Affirm Money Account, which is FDIC-insured through partner Cross River Bank and requires no minimum deposit or balance. This account is online-only and does not require direct deposit. In comparison, Synchrony Bank provides a slightly lower APY of 3.65% on its High Yield Savings account, which also features no minimum deposit or maintenance fees and is online-only. Both accounts are attractive options for savers, but Affirm's higher APY makes it the preferred choice.
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 Synchrony Bank.
| Feature | Affirm | Synchrony Bank |
|---|---|---|
| APY | 3.60% Verified: 12/10/2025 ↘︎ 0.25%90d Change | 3.65% Verified: 12/10/2025 ↘︎ 0.15%90d Change |
| Product Name | Affirm Money Account | High Yield Savings |
| Minimum Deposit | $0 | $0 |
| 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 | iOS4.8 Android4.4 |
| 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 | Synchrony Bank |
|---|---|---|
| Affirm Money Account | High Yield Savings | |
Current APY | 3.60% | 3.65% |
Trend | Stable | Stable |
Velocity (bps/mo) | -2.7 | -3.4 |
Days Since Change | 75 | 22 |
11-Month High | 3.85% | 4.10% |
11-Month Low | 3.60% | 3.65% |
Adjustments / Mo | 0.09 | 0.28 |
Volatility Score | 0.030 | 0.032 |
How to read these metrics(Click to expand)
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