Set Aside Funds for the Future
It’s never been easier to set a financial goal, put aside funds, and watch your money grow! Now, your savings can earn* while you put money aside for a rainy day, your next vacation, or whatever your heart desires.
How It Works
Start Saving
The best way to take control of your financial future is by putting your hard-earned cash to work. With Branch’s Savings tools, you can easily create a savings target to save and track your progress. With High Yield Savings, you can set aside money and earn up to 3.00%* APY as your balance grows.
Automate Your Contributions With Ease
Take the guesswork out of saving and set up auto-contributions. Create a schedule that fits your needs and contribute every day, every week, every two weeks, or every month. Not interested in setting up auto-contributions? No problem. You can manually contribute to your savings whenever you like.
Use Your Funds When You Need Them Most
When it’s time to go on vacation or pay for that unexpected expense, simply move those funds from Savings into your primary balance and start spending immediately!
We’ll Send the Tax Forms
Earning interest is good news come tax time. If you earn $10 or more in interest in a calendar year, we'll generate your 1099-INT and deliver it within the Branch App, so you have what you need when you file.
Save for a Rainy Day
Make Contributions Automatic
When you need to access your savings, simply transfer those funds back to your primary balance at any time, free of charge.
Transfer Back for Free
When you need to access your savings, simply transfer those funds back to your primary balance at any time, free of charge.
Frequently Asked Questions
Looking for more help? For any additional questions, please visit the Branch support center.
How quickly will my funds transfer from Savings into my Wallet?
When life happens, and you need to tap into the money you’ve set aside, you have the flexibility to easily move those funds back to your primary balance at any time, free of charge. Funds will be available for spending immediately after transferring.
How do I open High Yield Savings?
Getting started takes just a few minutes in the Branch App. You'll verify a few details, choose how you'd like to receive your tax forms, and review the terms. Once you’ve been approved you’ll be ready to start saving and earning.
I already use Savings Goal. What happens to it?
You'll be invited to upgrade to High Yield Savings. The balance you've already set aside moves over automatically—so you won't miss a beat. Once you upgrade, your money starts earning up to 3.00% APY.*
Is Savings (High Yield Savings) considered a separate fund?
Yes. Your High Yield Savings earns interest within your Branch account. It doesn't have its own account or routing number. You can add money or move funds between High Yield Savings and your Branch Wallet at any time—free of charge.
Can I set up multiple goals?
We believe it’s easier to tackle goals when you take them on one-at-a-time. For that reason, you can only create one goal in the Branch App at a time.
Does Savings earn interest?
Yes! Your balance earns up to 3.00% APY*, paid out monthly. Keep an average daily balance of $500 or more to earn our top rate; balances below $500 earn 1.00% APY.*
Are my funds FDIC-insured?
Yes. Your savings are held at our partner bank, Evolve Bank & Trust, Member FDIC or Lead Bank, Member FDIC, and are FDIC-insured up to $250,000 per depositor.
Are there any fees?
No. There's no fees, no minimum balance requirements, and no transfer fee to move money between your High Yield Savings account and your Branch Wallet.
Other Great Benefits That Come With Your Branch App
Rewards
Get cashback rewards for spending on everyday purchases like gas, food, or other transactions with your Branch Card at participating merchants.
On-Demand Pay
With Branch’s On-Demand Pay, you can get fast access to a portion of your earned wages ahead of payday, anytime.
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Discover Greenhouse, a curated marketplace powered by MoneyLion featuring custom financial services tailored to your unique needs.
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Branch works directly with workplaces. Contact your HR team to learn more about Branch as a benefit.
3.00% 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 1.00% 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.