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Affinity FCU SmartStart Savings Account Review

Earn a competitive 0.1% to 2% APY, depending on your balance.’s rating: 4.6 / 5.0


Best for millennials who are starting to save money or people with a low savings balance, the SmartStart Savings Account lets account holders earn 2% APY. There’s no minimum balance or opening deposit requirement, but you can only earn 2% APY on balances up to $2,499.99.

After that, your APY drops to 1% on balances from $2,500 to $4,999.99 and 0.1% on $5,000 or more.

Up to 2.00%





Minimum deposit to open


Annual percentage yield (APY)2.00% on balances of $0 to $2,499.99
1.00% on balances of $2,500 to $4,999.99
0.10% on balances of $5,000+
Minimum deposit to open$0
Interest compoundingDaily
Monthly transaction limit6
More info

More Info


Review by

Cassidy Horton is a writer for Finder, specializing in banking and kids’ debit cards. She’s been featured on Legal Zoom, MSN, and Consolidated Credit and has a Bachelor of Science in Public Relations and a Master of Business Administration from Georgia Southern University. When not writing, you can find her exploring the Pacific Northwest and watching endless reruns of The Office.

Expert review

The SmartStart Savings Account is best for people who are just starting to save money. The APY tiers reward those with a lower balance, so you’ll earn the most interest if your balance is below $2,500. Plus, there are no minimum balance requirements to start.

The biggest downside is that your APY drops as your balance grows. If you keep a large account balance, you may earn more interest with a regular high yield savings account. For example, if you have $10,000, you’d earn $80 with Affinity’s APY tiers, but you’d earn $100 with a flat 1% APY.

How do I open a Affinity FCU SmartStart Savings account?

Open your SmartStart Savings account in 10 steps:

  1. Go to the provider’s site and follow the steps to apply.
  2. From the Affinity Federal Credit Union website, click Join Affinity.
  3. Click Join Now.
  4. Choose which scenario is applicable for you: Open My First Account, Add New Accounts or Continue an Application.
  5. Select Savings Account and check the box that says SmartStart Savings.
  6. Fill out the required fields and click Continue.
  7. Select your eligibility. Click Continue and then Confirm your information.
  8. Select the appropriate answer to the question “Have you been notified by the IRS that you’re subject to backup withholding?”
  9. Read the terms and conditions, then click the checkbox to accept them.
  10. Click Accept.


There are some eligibility criteria to meet to open a SmartStart Savings account:

  • At least 18 years old
  • US citizen or resident
  • Social Security number
  • Government-issued photo ID
  • Affinity FCU membership

Required information

When applying for this account, there is some required information:

  • First and last name
  • Address
  • Gender
  • Citizenship type
  • Social Security number
  • Date of birth
  • Mother’s maiden name
  • Government-issued photo ID number
  • Contact information
  • Employment information

What are the benefits of a savings account with Affinity?

The SmartStart Savings account is NCUA-insured and boasts these benefits:

  • Competitive APYs. Even its lowest APY tier of 0.1% is higher than the national average, and the 1% and 2% APYs are more competitive than most high-yield accounts.
  • No minimum opening deposit. There is no minimum amount you must deposit to open an account.

What should I look out for?

Like most savings accounts, withdrawals and transfers are limited to six transactions per month, excluding in-person and ATM withdrawals. Some other drawbacks to look out for:

  • APY drops as balance grows. You’ll earn 2% APY on balances up to $2,499.99, 1% APY on balances between $2,500 and $4,999.99 and 0.1% APY on balances of $5,000 or more.
  • Must be a member to open. If you fall outside of Affinity FCU’s regular field of membership, you can join by donating $5 to the New Jersey Coalition for Financial Education (NJCFE).

If you want an account that rewards you for keeping more money in your savings, you’ll want to keep looking. As always, compare your options when looking for a high yield savings account.

Compare Affinity FCU SmartStart Savings with other savings accounts

Name Product Annual percentage yield (APY) Fee Minimum deposit to open
Aspiration Spend & Save Account
Finder Rating: 4.2 / 5: ★★★★★
Aspiration Spend & Save Account
$0 per month or $7.99 per month for Aspiration Plus ($5.99 per month if you pay annually)
Deposits are fossil fuel-free. A spend and save combo account with unlimited cash back rewards and deposits insured by the FDIC and a $100 bonus when you spend $1,000 in your first 60 days.
Axos Bank High Yield Savings
Finder Rating: 4 / 5: ★★★★★
Axos Bank High Yield Savings
No monthly maintenance fees. No minimum balance requirements. Interest compounded daily.
BlockFi Interest Account
BlockFi Interest Account
Up to 8.25%
Score up to 8.25% APY with this free crypto-interest account. Not available in New York and not FDIC insured.
American Express® High Yield Savings
Finder Rating: 4.6 / 5: ★★★★★
American Express® High Yield Savings
Enjoy no monthly fees and a competitive APY with this online-only savings account. Accounts offered by American Express National Bank, Member FDIC.
Gemini Earn
Gemini Earn
Up to 8.05%
Watch your cryptocurrency earn up to 8.05% APY with this nationwide account. Not FDIC insured.

Compare up to 4 providers

How do I deposit or withdraw my money?

Affinity FCU supports online banking, meaning you can deposit or withdraw money via one of the following methods:


  • Direct deposit
  • Check deposit via mobile app
  • Check deposit at ATM
  • Wire transfer
  • At a branch
  • Transfer from another account


  • At an ATM
  • Wire transfer
  • At a branch
  • Transfer to another account

What other savings options does Affinity offer?

Affinity has two other savings options in addition to the SmartStart Savings account:

  • MoreSavings. With four balance and dividend tiers, account holders can earn up to 0.7% APY, starting at 0.1% on account balances up to $24,999.99.
  • Certificate Account. Designed to earn a fixed-rate dividend for a specified period, Affinity CD terms max out at 60 months and earn up to 0.85% APY.

Frequently asked questions

Savings account ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We analyze top savings accounts and rate them one to five stars based on factors that are most important to you. These factors include: interest rates, monthly fees, minimum deposits, customer service and account features.

Read the full methodology of how we rate savings accounts.

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