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.
Review answers to our most frequently asked questions below.
Savings accounts are provided by Square Financial Services, Inc. Member FDIC. Annual percentage yield (APY) of 0.50% or more will apply until 12/31/2021, after which the APY in effect at that time will apply and will be subject to change. No minimum deposit is required to open an account, and no minimum balance is required to obtain any advertised APY. Accounts will not be charged monthly fees. Accounts are FDIC-insured up to $250,000.