The company is introducing the new account by leveraging a bank partner; the account will pay 2% APY and will have no minimum balance; Levchin spoke to Cheddar, stating, “As part of making good on our mission to provide honest financial products that improve lives, Affirm is constantly exploring ways to test and pilot new features and offerings…Based on user feedback and strong consumer interest, we’re working on a pilot that gives existing Affirm users the ability to put money into a savings account via our app. We are taking a thoughtful approach and are excited to get user feedback on the experience when the time is right.”; the pilot will roll out in the first quarter. Source
