Affirm vs. Barclays
Affirm's Affirm Money Account pays 3.20% APY while Barclays's Tiered Savings pays 3.65% APY.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Barclays pays $30 more than Affirm annually ($350 vs $320).
Choose Barclays if getting the best rate matters most.
| Metric | AffirmAffirm Money Account Sep 9, 2026 | BarclaysTiered Savings Sep 11, 2026 |
|---|---|---|
| APY | 3.20% | 3.50% - 3.65% |
Earns in a year | $5,000+$160 $10,000+$320 $25,000+$800 | $5,000+$175 $10,000+$350 $25,000+$875 |
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 top APY is only available for balances over $250,000. For lower balances, a lower APY applies. |
| 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 institutions offer rates below the top 10 savings and money market accounts we track. Those institutions all pay at least 4.01% APY.
Executive Summary
Both Affirm and Barclays offer competitive high-yield savings accounts with an APY of 3.20%. However, Barclays also provides a Tiered Savings account that offers a higher APY of 3.65% for balances over $250,000, making it the winner for those with larger deposits. Both banks have no minimum deposit requirements and no maintenance fees, and they are online-only institutions. While Affirm's product is accessible to all, Barclays's Tiered Savings account is particularly advantageous for larger balances, as it yields better returns compared to Affirm's offering.
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 Barclays.
Why Barclays?
- Higher potential APY (3.20%-3.65% vs 3.20%) on all balances
- Offers 2 different high-yield savings options
Key Feature Differences
Better Returns at $10,000
BarclaysBarclays's Tiered Savings earns more on smaller deposits (approx. $350 vs $320/yr).
Better Returns at $25,000
BarclaysBarclays's Tiered Savings pulls ahead with larger amounts (approx. $875 vs $800/yr).
Shared Benefits
Over a 1-year period, Barclays's Tiered Savings pays $30 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. Barclays Savings Calculator
You earn $30 more with Barclays 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
Barclays
Tiered Savings
Savings Breakdown
- Interest Earned+$350.00(3.4%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,350.00
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 Barclays advertise far more than that typical branch-bank rate.
| Feature | Affirm | Barclays |
|---|---|---|
| APY | 3.20% Observed: 9/9/2026 Stable over 90 days | 3.65% Range: 3.50% - 3.65% Observed: 9/11/2026 0.35%90-day change |
| Product Name | Affirm Money Account | Tiered Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0.01 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Daily |
| In-Branch Access | No | No |
| Account Type | Online Only | Online Only |
| Physical Branches | Not reported | 1 (DE) |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| 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 top APY is only available for balances over $250,000. For lower balances, a lower APY applies. |
| Next Steps | Visit SiteVerify at Affirm Non-sponsored link to official site | Visit SiteVerify at Barclays Non-sponsored link to official site |
Compare Savings Rates Over Time
Historical Performance
| Metric | Affirm | Barclays | |
|---|---|---|---|
| Affirm Money Account | Tiered Savings | Online Savings | |
Current APY | 3.20% | 3.65% | 3.20% |
Trend | Stable | Stable | Stable |
Speed of change | -0.06 | -0.04 | -0.04 |
Days Since Change | 248 | 79 | 8 |
12-Month High | 3.85% | 4.10% | 3.70% |
12-Month Low | 3.20% | 3.65% | 3.20% |
Changes per month | 0.33 | 0.33 | 0.41 |
Steadiness | 0.054 | 0.019 | 0.023 |
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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High Rates (With Checking Bundle)
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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 Axos Bank | 4.21% | $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 |