Affirm’s Mobile App Offers Savings Account with 4.35% APY

Affirm, a leading fintech company, offers a high-yield online savings account with an impressive 4.35% APY, providing a good option if you're looking for a high savings rate and don't want to lock your money up in a certificate of deposit. One of the great features is the user-friendly Affirm mobile app, which allows for easy account management on the go. The app simplifies everything from opening an account to transferring funds, making it convenient for users to keep track of their finances anytime, anywhere. With the convenience of the mobile app, plus the high Affirm CD rates, it makes sense to consider opening an account.

Features of Affirm’s High Yield Savings Account

No Minimum Balance and No Fees

Affirm's HYSA can be opened with just one penny, and there are no fees associated with the account. This makes it a low-barrier entry for individuals who are looking to start saving without any financial burden.

Competitive APY

The account boasts a 4.35% APY, which is significantly higher than traditional savings accounts. This allows for accelerated growth of your savings over time.

FDIC Insured

The savings account is held with Cross River Bank and is FDIC insured, ensuring that your money is secure up to the federal limit.

User-Friendly Access

Account holders can manage their savings online or through the Affirm mobile app, allowing for easy transfers and account management.

Transparency

Affirm also provides a comparison of its APY with the National Deposit Rates on its website, offering a transparent look at how competitive its rates are in the broader financial landscape.

Affirm’s high-yield savings account rate is competitive and if you like managing your account with a smart phone, it's the way to go. IF you're only interested in the rate, you can get savings rates higher than Affirm's rate, in fact right now the best savings rates on our rate table are about 150 to 170 basis points higher than Affirm's rate.