Affirm vs. Axos Bank
Affirm's Affirm Money Account pays 3.20% APY while Axos Bank's Axos ONE Savings pays 4.21% APY.
Note: Axos Bank's Axos ONE Savings also needs a checking account.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Axos Bank pays $101 more than Affirm annually ($421 vs $320).
Choose Affirm if you want a no-strings-attached account. Choose Axos Bank if getting the best rate matters most.
Important Considerations
Axos Bank's Axos ONE Savings pays its top rate only if you also open a checking account with Axos Bank, while Affirm's Affirm Money Account stands alone.
| Metric | AffirmAffirm Money Account Sep 9, 2026 | Axos BankAxos ONE Savings Sep 11, 2026 |
|---|---|---|
| APY | 3.20% | 3.50% - 4.21% |
Earns in a year | $5,000+$160 $10,000+$320 $25,000+$800 | $5,000+$211 $10,000+$421 $25,000+$1,053 |
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. | The APY is available with the Axos ONE savings and checking bundle. The checking account also earns interest. To qualify, you must either set up a direct deposit of $1,500 and maintain an average daily balance of more than $1,500 in your ONE Checking account, or receive at least $5,000 in total monthly qualifying deposits and maintain an average daily balance of more than $5,000. |
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppDaily CompoundingRate Changes Often | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppChecking BundleDaily CompoundingStable Rate |
Prefer In-Person Banking?
Both of these institutions are online-only. If you need in-branch access, check out our list of savings accounts with brick-and-mortar locations.
Executive Summary
Axos Bank offers a competitive savings product, the Axos ONE Savings, with an APY of 4.21%, which is significantly higher than Affirm's Affirm Money Account at 3.20%. The Axos ONE Savings requires a checking account and has specific eligibility criteria related to direct deposits or monthly qualifying deposits. In addition, Axos Bank provides the Summit Savings account, yielding 3.75% APY, which does not require bundling or direct deposit. Conversely, Affirm's offering is online-only and does not necessitate a checking account or direct deposit, making it a simpler option for users. Overall, Axos Bank's higher APY positions it as the winner in this comparison.
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 Axos Bank.
Why Axos Bank?
- Access to 95,000 fee-free ATMs
- Higher potential APY (3.50%-4.21% vs 3.20%) on all balances
- Offers 3 different high-yield savings options
Key Feature Differences
Better Returns at $10,000
Axos BankAxos Bank's Axos ONE Savings earns more on smaller deposits (approx. $421 vs $320/yr).
Better Returns at $25,000
Axos BankAxos Bank's Axos ONE Savings pulls ahead with larger amounts (approx. $1053 vs $800/yr).
Better for Simplicity
Axos BankAxos Bank's Summit Savings offers 3.75% APY with no bundling, direct deposit requirement or caps.
Better for All-in-One Banking
Axos BankAxos Bank's Axos ONE Savings pays a superior APY for customers who also open a checking account.
Better Mobile App Experience
AffirmAffirm offers an iOS app rated 4.9 (vs. 4.7) and Android app rated 4.8 (vs. 4.6)
Shared Benefits
Over a 1-year period, Axos Bank's Axos ONE Savings pays $101 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. Axos Bank Savings Calculator
You earn $101 more with Axos 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
Axos Bank
Axos ONE Savings
Savings Breakdown
- Interest Earned+$421.00(4.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,421.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Still at a large branch bank?
A typical branch-bank savings rate is 0.05% APY. On a $10,000 balance, the gap to these two banks is at least $315 a year in interest.
Both Affirm and Axos Bank advertise far more than that typical branch-bank rate.
| Feature | Affirm | Axos Bank |
|---|---|---|
| APY | 3.20% Observed: 9/9/2026 Stable over 90 days | 4.21% Range: 3.50% - 4.21% Observed: 9/11/2026 Stable over 90 days |
| Product Name | Affirm Money Account | Axos ONE Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Daily |
| In-Branch Access | No | No |
| Account Type | Online Only | Online Only |
| Physical Branches | Not reported | 3 (CA, NV, UT) |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | Yes |
| Mobile Apps | ||
| FDIC or NCUA Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Not Supported | Not Supported |
| BBB Rating | A+ | A+ |
| Important Notes | While Affirm is not a bank, it is FDIC-insured through partner Cross River Bank. | The APY is available with the Axos ONE savings and checking bundle. The checking account also earns interest. To qualify, you must either set up a direct deposit of $1,500 and maintain an average daily balance of more than $1,500 in your ONE Checking account, or receive at least $5,000 in total monthly qualifying deposits and maintain an average daily balance of more than $5,000. |
| Next Steps | Visit SiteVerify at Affirm Non-sponsored link to official site | Visit SiteVerify at Axos Bank Non-sponsored link to official site |
Compare Savings Rates Over Time
Historical Performance
| Metric | Affirm | Axos Bank | ||
|---|---|---|---|---|
| Affirm Money Account | Axos ONE Savings | Summit Savings | High Yield Savings | |
Current APY | 3.20% | 4.21% | 3.75% | 0.61% |
Trend | Stable | Stable | Stable | Stable |
Speed of change | -0.06 | -0.04 | -0.06 | -0.00 |
Days Since Change | 248 | 221 | 274 | 361 |
12-Month High | 3.85% | 4.51% | 4.00% | 0.61% |
12-Month Low | 3.20% | 4.21% | 3.75% | 0.61% |
Changes per month | 0.33 | 0.25 | 0.08 | 0.00 |
Steadiness | 0.054 | 0.023 | 0.031 | 0.000 |
How to read these metrics(Click to expand)
Trends and speed
- Trend: The general direction of the rate over the analyzed period. Useful for seeing whether a bank is raising its rate or letting it slip.
- Speed of change: How fast the rate moves. A high positive number means they raise rates quickly. A reading of 0.10 is a tenth of a percentage point each month.
- Changes per month: How often the rate moves. A high number means it changes constantly; a low number means it holds.
Risk & Range
- High/Low: The absolute ceiling and floor of the rate during the 364-day window.
- Steadiness: How far the rate swings around its average. A lower score means a steadier, more predictable rate.
- Days Since Change: A high number, for example above 90, means the rate rarely moves. A low number means it changed recently.
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Compare Affirm's APY of 3.20% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Affirm vs Ally Bank | 3.00% | $0 |
| Affirm vs American Express | 3.00% | $0 |
| Affirm vs Barclays | 3.65% | $0 |
| Affirm vs Capital One | 3.50% | $0 |
| Affirm vs Chime | 3.75% | $0 |
| Affirm vs CIT Bank | 3.75% | $100 |
| Affirm vs EverBank | 3.90% | $0 |
| Affirm vs Marcus by Goldman Sachs | 3.40% | $0 |
| Affirm vs Newtek Bank | 4.20% | $100 |
| Affirm vs Openbank | 3.80% | $500 |
| Affirm vs Pibank | 4.10% | $0 |
| Affirm vs SoFi Bank | 4.00% | $0 |
| Affirm vs Synchrony Bank | 3.30% | $0 |
| Affirm vs Varo Bank | 3.75% | $0 |
| Affirm vs Wealthfront | 3.95% | $0 |