Save

An FDIC-insured, high-yield savings account

We are temporarily pausing new Yield High-Yield Savings Accounts from being opened at this time. Additional availability is coming soon, sign up to be notified when you can get started.

 

Connect your bank account instantly

Using Plaid, a secure third-party bank data service, you can connect your bank account to Yield instantly.
Yield won’t store your bank credentials and you can change your connected bank if needed.
Yield works with Plaid to perform external bank account authentication and identity verification. Plaid is used by more than 7,000 apps and services and connects our clients to more than 12,000 financial institutions.

ACH limits:

The daily ACH limit on transfers into your Yield High-Yield Savings Account is $50,000 for Yield Plus members and $10,000 for non-Plus members. If you need to transfer more than your daily ACH limit, please see the wire transfers section below.

 

Transfer timing:

While bank connection is instant, transfers can take up to 4 business days to arrive in your Yield Savings Account.

 

Send funds from your external bank to Yield using your Yield Savings routing and account numbers

You can initiate deposits directly into your Yield Savings Account from your external bank using your Yield Savings routing and account numbers.

Your Savings routing and account numbers can be found by:

  1. Navigating to the Spend tab
  2. Select High-Yield Savings Account
  3. Account details

 

Transfer timing:

This can take up to 1-2 business days, depending on your financial institution.

 

Wire transfer

You can wire any deposit amount into your Yield High-Yield Savings Account.

Here are the details you’ll need to complete a wire transfer:

Receiving bank: Evolve Bank & Trust

Bank address: 6000 Poplar Avenue, Suite 300

Memphis, Tenn

ABA: 081000045

Beneficiary name: Evolve Bank & Trust

Address: PO Box 706, Buhl, MN 55713

Beneficiary Account: 2501864 (this is not your Savings Account number)

Memo: “Customer Full Name” - “Savings Account Number” - “Address”

 

Additional tips

The beneficiary account (2501864) is not your customer account number. Please include your Savings account number in the memo line.

Your Savings account number can be found by:

  1. Navigating to the Spend tab
  2. Select High-Yield Savings Account
  3. Account details

Check out our article on Wire Transfer FAQs for more information.

 

Transfer timing:

Wire transfers complete within the same business day when your wire is initiated before 3pm CT.

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What is Evolve Bank & Trust and how does it relate to Yield?

Evolve Bank & Trust (Evolve), Member FDIC, is a nationally chartered bank. The Yield High-Yield Savings Account will be the first deposit product held by Evolve which marks a major step in building a digital private financial institution that’s accessible to all Yield clients.

 

Do I have to have Yield Plus to earn this APY?

Yes, the 5.00% APY* is for for current Savings accountholders with Yield Plus only! Click here to learn more about Plus and how to subscribe.

All other clients get 1.50% APY* on their balance.

 

How is interest calculated?

We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal amount in your account each day.

 

What are the transfer limits?

There is no limit to the number of transfers to and from your Savings Account.

The ACH transfer limits between your external bank account and your Yield High-Yield Savings Account are as follows:

We’ll be sharing more about this new account soon and signing up for updates is your best bet to get that information as soon as it’s available!

 

Yield is not a bank. Yield Spend is a wholly-owned operating subsidiary of Yield Inc. Yield High-Yield Savings Accounts are furnished by Evolve Bank & Trust, Member FDIC.

*Obtaining stated APY (annual percentage yield) or opening a savings account does not require a minimum account balance. Stated APY is valid from date of account opening. Account fees may reduce earnings. Higher APY rate subject to paid Yield Plus subscription. Rates are subject to change.

Your Account and Routing Numbers

The routing number for your Yield High-Yield Savings Account is 091218445

 

Accessing Statements

Statements will be available within the first 10 calendar days of the month. You will receive an email from Yield when your statement is available.

To review your statements, follow the directions below:

  1. Navigate to the Documents tab in settings
  2. Make sure “Statements” is selected
  3. Select the statement from the list marked as Yield High-Yield Savings

 

Daily ACH Limit

ACH transfers at Yield are subject to daily limits:

  • Plus Users: $50,000 day per user
  • Non-Plus Users: $10,000 per day

 

Who is Evolve Bank & Trust?

Evolve Bank & Trust (Evolve), Member FDIC, is a nationally chartered bank.  The Yield High-Yield Savings Account will be the first deposit product held by Evolve.

 

Yield is not a bank. Yield Spend is a wholly-owned operating subsidiary of Yield nc. Yield High-Yield Savings Accounts are furnished by Evolve Bank & Trust Member FDIC.

20230508-2873538-9166829

You can add up to five beneficiaries, including trusts, to your Yield Savings Account by filling out the linked form below:

https://arsl.at/pm5KOE8l

We will follow up with you once we have added the requested beneficiaries to your account.

If you have any questions, please contact us.

Yield is not a bank. Yield Spend is a wholly-owned operating subsidiary of Yield Inc. Yield High-Yield Savings Accounts are furnished by Evolve Bank & Trust, Member FDIC.

Yield High-Yield Savings Accounts are furnished by Evolve Bank & Trust. Evolve Bank utilizes a deposit network that allows customers to hold more than $250,000 and have those funds remain FDIC-insured up to $5 million. FDIC, short for Federal Deposit Insurance Corporation, offers deposit insurance for deposits up to $250,000 to protect customer funds. However, many individuals deposit more than $250,000 and need additional coverage.

 

To serve these customers, Evolve Bank uses a deposit network to deposit balances greater than $250,000 at a network of partner institutions. Because FDIC insurance is based on the depositor, institution, and account type, moving funds to network institutions provides enhanced FDIC coverage up to $5 million. Even with this structure, all funds are available to customers on demand and there is no interruption to funds access.

 

An updated list of network institutions can be found here. To ensure your deposits are fully FDIC insured, regularly review the list of network institutions as it is subject to change. You may need to reduce your balance at the listed participating institutions to ensure complete insurance coverage.

 

Evolve Bank & Trust is a member FDIC institution and does not itself provide more than $250,000 of FDIC insurance per legal category of account ownership as described in FDIC regulations. Additional FDIC insurance coverage is provided through Evolve’s Insured Deposit Network Program involving other FDIC insured depository institutions. Deposits may be insured up to $5,000,000 through Evolve’s Insured Deposit Network Program. Full terms of the Program can be found at yield.Unc/legal/agreements/HYSA_Agreement and a complete list of participating banks in the program can be found at yield.inc/legal/agreements/depositnetwork

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