Emerald Advance® Loan

HIGH-YIELD SAVINGS RATE

chart showing spruce interest rate money earned over time
comparison chart showing spruce interest rate better than chime and fdic average

HIGH-YIELD SAVINGS RATE

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 11/15/2024. 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illustrative purposes only, assuming no rate changes over the period calculated, and that the account holder has not withdrawn funds during the period displayed above.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

Interest FAQs

Good news — all Spruce account holders are eligible to earn interest on their Savings account! There is no minimum balance requirement. All you need to do is opt in to earn interest either on sprucemoney.com or your Spruce mobile app. You’ll start earning interest after you successfully opt in and deposit money into your Extra Saving or Goal.

To start earning interest, you must opt in by completing the opt-in process, which includes an IRS tax requirement where we ask if backup withholding applies to you.


You can opt in to earn interest on sprucemoney.com or your Spruce mobile app. From the Saving page, find the Save money and earn interest card and click Opt-in to complete the opt-in prompts.

Currently, Spruce Savings accounts will earn 3.50% Annual Percentage Yield (APY).


The APY is accurate as of 09/23/2024. This rate is variable and can change without notice. Fees may reduce earnings. See the Spruce Savings Rate Sheet for more info.

Spruce pays any accrued monthly interest on the first calendar day of the following month.

You can add funds by transferring funds from your Spending account or through scheduled transfers to your Extra Saving and/or Saving Goals. Funds can also get deposited into your Extra Saving with automatic cash back rewards and Round Up.

Spruce does not charge any fees for earning interest or moving funds into or out of savings. See our entire list of fees at https://www.sprucemoney.com/fees/

Nope! There is no minimum or maximum balance requirement.

All funds in your Spruce accounts, including your savings, are FDIC insured through Pathward®, N.A., Member FDIC. This means the Federal Reserve Bank insures these accounts up to $250,000 or the maximum amount permitted by law.

After you opt in to interest, you will earn interest on any balance in your Extra Saving and any of your active Saving Goals.