HIGH-YIELD SAVINGS RATE

Tap into interest and make money when you save

Spruce customers can earn ![apy:savings-interest-rate]! APY on their Savings!

  • No minimum balance required

  • No monthly fees

  • No transfer limits between savings and spending
Sign up for Spruce Interest FAQs
chart showing spruce interest rate money earned over time

Image is for illustrative purposes only and assumes no additional contributions and no withdrawals over a period of 5 years. The Annual Percentage Yield (APY) is accurate as of ![text:spruce-apy-accurate-as-of-date]!. This rate is variable and can change without notice. Fees may reduce earnings.

Enjoy these benefits while you save

No minimum balance

Earn interest on your Savings account without any minimum balance requirements.

No monthly fees

With no monthly fees, there’s more money to put toward your savings and earn interest!

Move money as needed

Move money from savings to spending as often as you need, anytime without penalty.

cash illustration

Maximize your tax refund

Use Smart Tax Refund for savings recommendations and grow your savings even more with interest.

comparison chart showing spruce interest rate better than chime and fdic average

HIGH-YIELD SAVINGS RATE

Compare rates and maximize earnings with Spruce

You can earn ![apy:savings-interest-rate]! APY on a Spruce Savings Account!

Sign up for Spruce

*FDIC average national savings rate as of ![text:fdic-date]! here.

**Comparison based on non-Chime+ high-yield savings account as of ![text:chime-date]! on chime.com/savings. Chime is a registered trademark of Chime Financial, Inc.

See how much your savings could grow

To start, I could contribute:
$
Cannot be less than $0 or greater than $999,999
Monthly, I could continue to contribute:
$
Cannot be less than $0 or greater than $999,999

Over the course of:

1 month
50 years

In 5 years, with 3.50% APY12

Your total contributions and interest: $7,140

$3,678
$7,140

*The Annual Percentage Yield (APY) is accurate as of ![text:spruce-apy-accurate-as-of-date]!. This rate is variable and can change without notice. Fees may reduce earnings. See Spruce Savings Rate Sheet for more info.

This calculator is for illustrative purposes only, assuming no rate changes over the period calculated, and that the account holder has not withdrawn funds during the period displayed above. All dollar amounts are rounded to the nearest dollar.

app on phone showing interest received app on phone showing interest received app on phone showing interest received

^ For illustrative purposes only

Interest FAQs

Good news — all Spruce account holders are eligible to earn interest on their Savings account! There is no minimum balance requirement.

You will earn interest on any balance in your Extra Saving and any of your active Saving Goals.

Read more FAQs