Save for your goals, your way

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.

To earn interest on your savings, you need to be at least 18 years old, have a Cash App Card, and have a personal account, not a Cash for Business account. Sponsored Accounts are not eligible to earn interest.*

If you meet those requirements, you can earn the highest interest rate available for your savings by direct depositing at least $300 in paychecks each month. 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.

If eligible, money in your savings balance accrues interest daily and compounds monthly. That means you'll earn interest on the money you have in savings, plus the interest that gets paid to your balance every month. The longer you keep your money in savings, the more interest you'll earn towards your goals.

You’re responsible for reporting all interest earned on your savings balance to the relevant tax authorities and paying any tax that you might owe. 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.

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.

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.

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.

Yes, you can earn interest on your savings if you’re at least 18 years old, have a Cash App Card, and have a personal account, not a Cash for Business account. Sponsored accounts aren't eligible to earn interest.*

If you meet those requirements, you can earn the highest interest rate available for your savings by direct depositing at least $300 in paychecks each month. 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.