HIGH-YIELD SAVINGS RATE
Grow savings with a high-yield rate
Put your Spruce Savings Account to work and earn 3.50% APY. Complete the requirement to opt in and start earning now.
^FDIC average national savings rate as of 03/28/2024 here.
SAVINGS ACCOUNT
Say hello to the new high-yield savings rate
Spruce customers can now earn 3.50% APY on their Savings Account with no minimum balance requirements! Opt in online or through the app after you sign up.
The Annual Percentage Yield (APY) is accurate as of 06/07/2024. This rate is variable and can change without notice. Fees may reduce earnings.
^For illustrative purposes only.
SAVING GOALS
Save now.
Sigh of relief later.
Create a custom saving goal to put money away for an emergency or the things you really want.
AUTOMATIC TRANSFER
Make saving money automatic
Set up automatic transfers to your Extra Saving or Saving Goals for however much you want, as often as you please. You’ll be saving money without even thinking about it.
ROUND UP
Round up and save those extra cents
When you turn on Round Up, we’ll automatically round up your Spruce debit card purchases to the next dollar and deposit the change into your Spruce Extra Saving.
CASH BACK REWARDS
Make money when you spend money
Get automatic cash back rewards to put back into savings when you shop from select retailers you know and love.
Feel secure about your savings
When you use Spruce to save your money, those funds are FDIC insured up to the maximum amount permitted by law.
Set your sights on successful saving
Use our Saving Goal calculator to see just how soon you could reach your financial goals when you start saving regularly.
Want to learn more?
Visit the resource center for money tips and financial knowledge.
FAQs
A savings account is a bank account separate from your checking or spending account that you can deposit money to hold onto for use for later.
With Spruce, you get an Extra Saving account where you can create automatic savings transfers and receive proceeds from Round Up and cash back rewards.
Round Up is an easy, automatic way to increase your savings — with no extra effort required. When you turn Round Up on in your Spruce account, each time a Spruce debit card transaction for a purchase or ATM withdrawal settles, we’ll round the transaction up to the nearest whole dollar amount and transfer the difference into your Extra Saving account. Just think of it as saving in autopilot — super easy saving in small amounts that add up over time!
For example, when your grocery purchase with your debit card for $19.49 settles, we will transfer $.51 to your Extra Saving account.
Also, if you make an out-of-network ATM withdrawal, you may get a Round Up. For instance, if you make a $20 withdrawal, in addition to the out-of-network $3 fee, the ATM owner charges you $2.50, when the transaction settles, you’ll see a $.50 Round Up transfer to your Extra Saving.
Tip: You’ll know a transaction is settled when you see it in your transaction history, and it’s no longer listed as Pending.
To access your savings in the Spruce app, sign into your account and tap the Saving tab.
To access your savings from desktop, sign into your account and click the Saving tab.
To then withdraw money from your savings account, you will need to transfer it to your spending account.
Spruce fintech platform is built by H&R Block, which is not a bank. Spruce℠ Spending and Savings Accounts established at, and debit card issued by, Pathward®, N.A., Member FDIC, pursuant to license by Mastercard®. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.
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