{"id":685,"date":"2021-07-25T12:57:30","date_gmt":"2021-07-25T12:57:30","guid":{"rendered":"https:\/\/paylaterguide.com\/?p=685"},"modified":"2022-10-30T21:28:59","modified_gmt":"2022-10-30T21:28:59","slug":"affirm-savings-account-review","status":"publish","type":"post","link":"https:\/\/paylaterguide.com\/affirm-savings-account-review\/","title":{"rendered":"Affirm Savings Account Review"},"content":{"rendered":"\n
Saving money is one of the pillars of financial management, yet people often struggle to put aside money for a rainy day. <\/p>\n\n\n\n
Why not make it easier by opening an Affirm savings account<\/a>? Affirm is a fintech company that is revolutionizing the way people do banking. The company\u2019s goal is to do away with the fine print and hidden fees of traditional banking.<\/p>\n\n\n\n Check out this Affirm savings account review and discover the pros and cons of using this platform.<\/p>\n\n\n\n Affirm has partnered with Cross River Bank to provide a high yield savings account that\u2019s geared for the future. <\/strong><\/p>\n\n\n\n More and more people are taking advantage of this since Affirm offers an impressive APY (Annual Percentage Yield). The APY indicates how much your money can potentially earn in interest within a year.<\/p>\n\n\n\n An Affirm savings account currently has an APY of 0.65% to 1.3%<\/a>. That\u2019s up to 13 times higher than the national average. This protects your hard-earned money from the effects of inflation.<\/p>\n\n\n\n While Affirm\u2019s interest rates are higher than those of traditional banks, their savings account APY rates aren\u2019t fixed. These rates may fluctuate depending on the conditions in the market.<\/p>\n\n\n\n The key difference is that an Affirm savings account provides higher in interest rates compared to traditional savings accounts.<\/p>\n\n\n\n The current national average yield of traditional savings accounts in the US is only 0.07% APY<\/strong>. By opening an Affirm savings account, you\u2019re getting a much higher return on your savings.<\/p>\n\n\n\n If you\u2019re considering other financial instruments, take note that the average APY yields for various kinds of accounts are:<\/p>\n\n\n\nWhy You Should Open an Affirm Savings Account<\/h2>\n\n\n\n
APY Comparison: Affirm Savings Account vs. Traditional Accounts<\/h2>\n\n\n\n