High Yield Savings Account

High-Yield Savings Account with an APY 20x Higher than the National Average

The High-Yield Savings Account is here and available for FREE exclusively with the Unlimited Cash Back Bank Account by Green Dot Bank! Start earning 2% annual interest on deposits up to a $10,000 balance —higher than what many banks pay in annual interest.

Set aside cash for things like a family vacation or even that new car you've had your eye on. You can move money to or from your High-Yield Savings Account at any time. This savings account is FDIC-insured.

Green Dot Bank, Member FDIC. Interest paid every 12 months based on the average daily balance of the prior 365 days, up to a maximum balance of $10,000. Annual Percentage Yields (APYs) are accurate as of 6/2/20 and may change before or after you open an account. See Account Agreement for terms and conditions (PDF) The average national savings account interest rate of 0.06% is determined by the FDIC as of May 11, 2020. National rates are calculated based on a simple average of rates paid (uses annual percentage yield) by all insured depository institutions and branches for which data are available. Savings account rates are based on the $2,500 product tier. Visit https://www.fdic.gov/regulations/resources/rates/ to learn more.

What is our High-Yield savings account?

Our savings account offers 2% APY (annual percentage yield) and is a great way to set aside cash for things like a family vacation or even that new car you've had your eye on. You can move money to or from your High-Yield Savings Account at any time. This savings account is FDIC-insured. 

Watch the video below to see how it works!

Watch how to save money with the High-Yield Savings Account

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