Square Savings FAQ
With Square Savings, you can set aside money from your daily Square sales, allowing you to focus on operating your business. Grow your business savings with our competitive APY, set aside money for quarterly taxes, or save up for a rainy day or business needs—all with your Square Savings account.
Linking an external bank account
Managing your Savings account
Transferring funds to and from Savings
Deposit Sweep Program
*Savings accounts are provided by Square Financial Services, Inc. Member FDIC. Accrue annual percentage yield (APY) of 1.75% per folder on folder balances over $10. APY subject to change, current as of October 10, 2022. No minimum deposit is required to open an account. Accounts will not be charged monthly fees. Accounts are FDIC-insured up to $2,500,000.