Earn 3.00% on Your Savings | Step
EARN 3.00% ON SAVINGS
Start earning 3.00% ̾ with Step Black and effortlessly maximize your FDIC-insured savings. Don’t let your cash collect dust somewhere else.
GET OVER 7X THE NATIONAL AVERAGE ̾̾
Whether it’s for college or a car, or the future, Step has one of the best rates in the nation with no minimums and no limits — so you can access your money whenever you need it.
How much do you already have in savings?
How much are you planning to save each month?
How long do you plan to save for?
- 3 Months
- 6 Months
- 1 Year
- 3 Years
- 5 Years
- 10 Years
- 25 Years
- 50 Years
Annual Savings Rate %
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SAVE SPARE CHANGE WITH ROUND UPS
SET SAVINGS GOALS
GROW YOUR SAVINGS SAFELY AND SECURELY
INSURED UP TO $1,000,000
Banking services are provided by Evolve Bank & Trust and FDIC-Insured up to $1,000,000.
No fees, no limits
There are no savings minimums, unlimited 3.00% earning potential, and zero fees on your savings at Step.
WE KNOW WHAT YOU’RE WONDERING...
How do I earn 3.00% on my savings?
To start earning 3.00% on your savings, you need to earn Step Black! Spend $500 with your Step Card or receive $300 in qualifying direct deposits each calendar month, and you'll enjoy everything Step Black has to offer, including 3.00% on savings for free. Terms apply.
What’s the best way to take advantage of the 3.00% rate?
To maximize your earnings, we suggest doing your best to score Step Black! Step Black status can be earned by spending $500 with your Step Card or by receiving $300 in qualifying direct deposits each calendar month, and members earn 3.00% on their savings. Terms apply. Plus, consistent contributions, combined with the 3.00% rate, can help your savings grow faster and help you reach your financial goals sooner.
How much is my Step Account insured up to?
All deposits made with Step Black Accounts are insured up to $1,000,000 by our bank partner, Evolve Bank & Trust, member FDIC. Standard Step Accounts are insured up to $250,000 by our bank partner. That means your family’s money is federally backed and safe, no matter what.
How much of a difference can 3.00% have on my savings?
A 3.00% savings rate means that your money will grow faster compared to a standard savings account. If you start with $1,000 in your Step Savings Goal and don’t touch it for a year, you could earn $30 in interest. With regular contributions, your savings—and the interest you earn—can grow even more over time.
Why is your savings rate so much higher than traditional banks?
Banks are required to maintain minimum balances on an overnight basis to ensure they have enough funds for day-to-day activity. The federal funds rate is the target interest rate that U.S. banks pay one another to borrow or loan money overnight in order to meet the balance requirements. We’ve set our savings offer (3.00%) to be close to the Federal Funds Rate so that you can maximize your savings, but not every financial institution does this.