Square launches 3.50% APY savings tier for sellers with $10,000 minimum
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Square Financial Services Introduces 3.50% APY High Yield Savings for Square Sellers, More Than 8 Times the National Average
June 12, 2026 7:00 AM EDTSellers with $10,000 or more in their Square Savings account automatically earn the higher rate with no action required
SALT LAKE CITY--(BUSINESS WIRE)-- Square Financial Services, Inc. (SFS), a wholly owned subsidiary of Block, Inc. (NYSE: XYZ), today announced the launch of Square High Yield Savings, a new deposit tier that pays 3.50% APY to Square sellers who maintain a daily balance of $10,000 or more in their Square Savings account. The rate is more than eight times the national average savings account rate1.
The new tier is designed to... More
