Introducing High Yield Savings

Fast access to pay is where financial wellness starts. Helping those funds grow is what comes next.

Today we're introducing High Yield Savings, the newest addition to Branch's savings tools. It gives eligible workers a way to earn a competitive interest rate on the money they set aside, right inside the Branch App, without leaving the app they already use to get paid.

Plenty of high yield savings options come with conditions attached. Some expect a steady monthly direct deposit before a worker earns the best rate. Others ask for a minimum level of spending. For an hourly earner or gig worker whose income changes week to week, conditions like those can put the best rates out of reach. We built High Yield Savings around the act of saving.

What High Yield Savings Offers Workers

With High Yield Savings, eligible workers can:

• Earn up to 3.25% Annual Percentage Yield (APY)* by saving. The top rate applies to an average daily balance of $500 or more, with no monthly direct deposit or spending requirements attached.
• Open with no minimum balance and no monthly fees. Every dollar a worker sets aside starts earning.
• Move money quickly between their Branch Wallet and their savings, so money stays within reach when something comes up.
• Save with confidence. Funds are FDIC-insured through Branch's partner banks, Evolve Bank & Trust and Lead Bank, for up to $250,000 per depositor

Balances under $500 still earn interest, so a worker who starts small starts earning right away.

Saving That Fits How Workers Earn

Setting money aside is tough for anyone. When your pay changes shift to shift, it can feel out of reach. And the accounts offering the best rates are usually built for people with a steady paycheck.

Most workers never see those rates. The national average savings account pays 0.38% APY, according to FDIC data from June 2026. Money sitting in a typical savings account is barely growing at all.

High Yield Savings helps close that gap. Workers set aside what they can, when they can. They can automate it with recurring contributions on a schedule that fits their life, every day, week, two weeks, or month, or move money in and out as their week takes shape.

Why It Matters for Employers and Platforms

"A financial benefit is only as valuable as the number of workers who actually use it."

Because High Yield Savings lives inside the app workers already use to receive their earnings, there's no separate program for a worker to seek out, and nothing extra for your team to manage. Workers open it themselves in the app, and it becomes part of what they find when they check their pay.

That's the payoff for companies and platforms that offer Branch. Fast access to pay draws workers into the app, but tools like savings, spending insights, and rewards are what bring them back.

High Yield Savings is available in the Branch App to workers with Premier and minor accounts.

Learn more about Branch's financial wellness tools.

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3.25% Annual Percentage Yield (APY) applies to accounts with an average daily balance for the month of $500 or more. Accounts below $500 average daily balance earn 1.25% APY. APY is variable and subject to change.

Funds are held at Lead Bank, Member FDIC, and Evolve Bank & Trust, Member FDIC. FDIC insurance covers up to $250,000 per depositor. Coverage is pass-through and applies to your total deposits across all Lead Bank and/or Evolve Bank & Trust accounts.

Branch is not a bank. Banking services are provided by Evolve Bank & Trust, Member FDIC or Lead Bank, Member FDIC (“Sponsor Banks”), as listed on the back of a user's Branch Card. FDIC insurance only applies for eligible accounts should the Sponsor Bank holding the user's funds fail. The Branch Mastercard Debit Card is issued by the Sponsor Bank pursuant to a license from Mastercard and may be used everywhere Mastercard debit cards are accepted.