Spruce up your banking game with 3.50% APY

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Key points

• ¹ The Annual Percentage Yield is accurate as of August 20, 2026.
• The 3.50% APY¹ gives your savings room to grow, and automatic transfers, saving goals and Round Ups nudge you in the right direction toward building your savings.
• That makes the account useful for savers starting with $20 as well as those building a larger emergency fund.
• The Spruce debit card has a clean, modern design and works anywhere Mastercard is accepted.
• Brooklyn-based financial journalist Will Kenton has over a decade of experience covering the intersection of funds, economics and culture.

Staying on budget requires more than sitting down once a month to look at your personal finance spreadsheet. Impulse purchases, forgotten subscriptions and inflation that takes a bite out of your savings happen every day.

Tracking what you spend is one of the simplest ways to regain control of spiraling costs and keep them in check. Tracking what you save is just as significant as it demonstrates whether your financial habits are moving you closer to an emergency fund, vacation or another goal.

Spruce, a mobile banking app built by H&R Block, puts those two sides of your financial life in one place. Customers receive a Spending account and a Savings account, along with tools designed to reveal patterns, organize expenses and create saving more automatic.

Whether you're opening your first account, managing a side hustle or trying to clean up years of scattered financial habits, the app is straightforward to apply.

In practice, the headline feature is the Spruce Savings account. It earns 3.50% APY¹ with no minimum balance required. There are no complicated qualification tiers to earn Spruce's highest available rate, and no direct deposit is necessary.

That makes the account useful for savers starting with $20 as well as those building a larger emergency fund. While the Round Up feature can move the change from eligible debit card purchases into Extra Savings, customers can create custom saving goals and schedule automatic transfers.

Spruce additionally keeps its account structure straightforward. Although certain optional services and out-of-network ATM transactions may carry fees, there are no monthly fees, sign-up fees or minimum balance requirements.

Meanwhile, the Spending account can receive funds through electronic transfers, direct deposit, mobile check deposit and cash deposits at participating retailers. Mobile check deposit has eligibility requirements, and third-party fees may apply to retail cash deposits.

Customers who set up direct deposit can receive their paycheck up to two days early.² The app additionally categorizes transactions and includes a Watchlist feature for monitoring spending areas that deserve extra attention.

Meanwhile, the Spruce debit card has a clean, modern design and works anywhere Mastercard is accepted. While the physical card arrives by mail, customers can access a digital card after opening and funding an account. Spruce provides access to more than 55, 000 Allpoint ATMs through the Allpoint ATM network.

Best of all, there is no credit check required to apply. For individuals who want useful banking tools without another layer of financial friction, that accessible setup is a major plus.

Tracking your funds only works when the process is simple enough to become a habit. Spruce succeeds since it connects everyday spending, intentional saving and financial insights inside one beautifully designed, simple app.

For context, the 3.50% APY¹ gives your savings room to grow, and automatic transfers, saving goals and Round Ups nudge you in the right direction toward building your savings. Spruce is a great fit for individuals who want to organize, simplify and evolve their financial lives without feeling judged. It provides the structure to spend confidently today while steadily building toward tomorrow.

Spruce fintech platform is built by H&R Block. It is not a bank. Bank products by Pathward, N.A., Member FDIC.

¹ The Annual Percentage Yield is accurate as of August 20, 2026. This rate is variable and can change without notice. Spruce Savings Accounts opened before July 17, 2025 may be required to opt in through the Spruce app or website to start earning interest.

² Early access depends on when payment is submitted. Funds are generally created available when the payment instruction is received. It may be earlier than the scheduled payment date. Why Trust the New York Post.

Brooklyn-based financial journalist Will Kenton has over a decade of experience covering the intersection of funds, economics and culture. Specializing in investing, personal finance and retirement planning, his work has appeared in Investopedia, AP News, Business Insider and TIME Stamped. While at Investopedia, Will was the creative force behind the Anxiety Index, a proprietary tool applied to gauge investor sentiment. His expertise is rooted in behavioral economics – a field he explored as associate editor of the New School Economics Review – and he intends to assist readers navigate the "predictable irrationality" that influences financial decisions. Will holds a BA from Ohio University, an MA in economics from The New School and a Ph.D. In English literature from NYU. Beyond his financial career, he is additionally an award-winning playwright featured in the Red Bull Theater's annual festival.

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