Save money with high interest and no hidden fees

Money that you transfer into savings can earn interest and is separate from your Cash balance. When you send money to friends, spend with your Cash App Card, or buy stocks or bitcoin, the money still comes from your Cash balance.


You can instantly transfer money between your Cash balance and savings anytime. Unlike savings accounts at many banks, there are no limits to how many transfers you can make in a month.

We make it easy to start saving with as little as $1. With just a few taps, you can transfer money instantly from your Cash balance or linked bank account into your savings balance.

To make it even easier to reach your goals, you can also save a percentage of each paycheck or use Round Ups to save your spare change every time you spend with your Cash App Card.

You need to transfer money from savings to your Cash balance to withdraw it or use it for something else. When you send money to friends, or buy stocks or bitcoin, the money comes from your Cash balance, not savings.
Unlike many savings accounts at banks, there are no limits to how many transfers you can make in a month.

No, you can start saving with as little as $1, and there are no fees or minimum balance requirements. You can set up to five goals and track your progress over time. It’s that simple.

Cash App protects millions of people’s payments each month. Cash App is built on one secure platform, with proactive security features to power and protect your personal information and every single transaction that happens on the platform.

Yes, you can earn interest on your savings if you have a Cash App Card, and a personal account. Cash for Business accounts aren't eligible to earn interest.*

If you meet those requirements, you can earn the highest interest rate available for your savings when you earn status with Cash App Green. Spend $500 with your Cash App Card or deposit $300 in paychecks each month to earn Green status. If you do not direct deposit at least $300 in paychecks each month, you can still transfer money into savings and earn interest at a lower rate.

Sponsored accounts with sponsor approval to earn interest are eligible to earn the highest interest rate.

To earn interest on your savings, you need to have a Cash App Card and a personal account. Cash for Business accounts are not eligible to earn interest.*

If you meet those requirements, you can earn the highest interest rate available for your savings when you earn status with Cash App Green. Spend $500 with your Cash App Card or deposit $300 in paychecks each month to earn Green status. If you do not direct deposit at least $300 in paychecks each month, you can still transfer money into savings and earn interest at a lower rate.

Sponsored accounts with sponsor approval to earn interest are eligible to earn the highest interest rate.

The account owner is responsible for reporting all interest earned on your savings balance to the relevant tax authorities and paying any tax that is owed. If you earn $10 or more in interest in a calendar year, you'll receive a Form 1099-INT that shows how much interest you received. These tax forms are sent out by January 31, and you need to include this income on your tax return. For Sponsored Accounts, the Sponsor is considered the account owner unless/until the sponsored teen graduates and assumes ownership of the account. Once the teen assumes ownership of the account, they become responsible for all tax implications related to the account, including savings yield.