Offer value details
Cash App lists Cash App Savings with a 1.5% APY base rate for Cash App Card customers and a 3.25% APY high-yield rate for Cash App Green customers in the reviewed article.
Qualification requirements
Cash App says earning interest requires both a personal account and Cash App Card, while the higher Cash App Green rate requires either $300 or more in qualifying direct deposits each month or $500 or more in qualifying purchases each month. Sponsored accounts may also be eligible with sponsor approval.
Fees and costs
Cash App says Savings has no hidden fees, no minimum balance requirement, and can start with as little as $1. Cash App balance, transfer, ATM, paper money deposit, foreign transaction, and other app fees can still affect the broader Cash App relationship.
Availability
Cash App Savings is a U.S. app-based savings feature for eligible Cash App accounts. Cash App says Business accounts are not eligible to earn interest at this time, and Savings Yield eligibility is determined by Cash App in its sole discretion.
What to verify
- Cash App is a financial services platform, not a bank.
- Savings Yield eligibility and rates can change.
- Pass-through FDIC insurance depends on program-bank and recordkeeping conditions.
- Business Cash App accounts are not eligible to earn interest at this time.
Confirm current provider terms
Rates, rewards, fees, qualification rules, eligibility, and deadlines can change. Review the provider terms before applying.