Optional Online Savings Account

Earn up to 6.00% Annual Percentage Yield (APY).¹ Unlock the optional High-Yield Savings Account with your Flare Account®.

Deposit Account opening subject to registration and ID verification. ²

Optional Online Savings Account

Open an optional online savings account with your Flare Account to earn interest on money you save.

With a qualifying direct deposit to your Flare Account of at least $500 in one calendar month, you are eligible to open an optional savings account at the following APY tiers:

Annual Percentage Yield

Requirements

6.00%

Savings Account Average Daily Balance of $2,000.00 or less¹

0.50%

Savings Account Average Daily Balance of more than $2,000.00¹

Interest Rate Paid

Requirements

5.87%

Savings Account Average Daily Balance of $2,000.00 or less¹

0.49%

Savings Account Average Daily Balance of more than $2,000.00¹

Open a Flare Account Online

Don’t have a Flare Account? To apply online for a Flare Account there are no fees or minimum balance required.

While this feature is available at no additional charge, certain other transaction fees and costs, terms, and conditions are associated with the use of this Account. See the account holder agreement for more details.

Already have an Account? Once you establish a qualifying Direct Deposit of $500 in a calendar month, you’ll pay no fees to open an Optional Savings Account¹ with us, with no minimum balance required.

Monthly fee applies.

To see full list of fees, visit our Rates page.

Have Questions?

Ready to Start Earning Interest with the Optional Savings Account?¹

Step 1: Set up qualifying Direct Deposit to your Flare Account (minimum $500 in 1 calendar month).

Step 2: Open the optional Savings Account and add funds.

Step 3: Earn interest based on your Average Daily Balance.

What if my optional Savings Account has a higher Average Daily Balance than $2,000?

You’ll earn up to 6.00% APY on your $2,000 of your Average Daily Balance. Then, for the dollar amount over $2,000, you will earn 0.50% APY.¹

What is Annual Percentage Yield, exactly?

APY or Annual Percentage Yield is the total amount of interest paid on an Account, based on the interest rate and the frequency of compounding for a 365-day period (366-day period in a leap year), and is expressed as a percentage.

The optional Savings Account linked to your Flare Account is made available to Accountholders through Pathward, N.A., Member FDIC. To open a Savings Account, consent to receive communications from us in electronic form is required. Interest is calculated on the Average Daily Balance(s) of the Savings Account and is paid quarterly.

If the Average Daily Balance is $2,000.00 or less, the interest rate paid on the entire balance will be 5.87% with an annual percentage yield (APY) of 6.00%.

If the Average Daily Balance is more than $2,000.00, the interest rate paid on the portion of the Average Daily Balance which exceeds $2,000.00 will be 0.49% with an APY of 0.50%, and the interest paid on the portion of the Average Daily Balance which is $2,000.00 or less will be 5.87%. The APY for this tier will range from 6.00% to 0.60%, depending on the balance in the account.

The interest rates and APYs of each tier may change. The APYs were accurate as of 08/15/2024. No minimum balance to open Savings Account or obtain the yield(s). However, you must receive direct deposit(s) totaling at least $500 within one (1) calendar month to be eligible to open a Savings Account. Savings Account funds are withdrawn through the Flare Account and transaction fees could reduce the interest earned on the Savings Account. Funds on deposit are FDIC insured through Pathward, N.A. For purposes of FDIC coverage, all funds held on deposit by you at Pathward, N.A., will be aggregated up to the coverage limit, currently $250,000.00.
IMPORTANT INFORMATION FOR OPENING A NEW DEPOSIT ACCOUNT: To help the federal government fight the funding of terrorism and money laundering activities, the USA PATRIOT Act requires us to obtain, verify, and record information that identifies each person who opens an Account. WHAT THIS MEANS FOR YOU: When you open an Account, we will ask for your name, street address, date of birth, and government ID number. We may also ask to see a copy of your driver’s license or other documents at any time. All Accounts are opened subject to our ability to verify your identity by requiring acceptable types of identification. We may validate the information you provide to us to ensure we have a reasonable belief of your identity. If we are not able to verify your identity to our satisfaction, we will not open your Account or we may close the Account if it was previously funded. Your Account is subject to fraud prevention restrictions at any time, with or without notice.

Card can be used everywhere Visa^® debit cards are accepted.
The Flare Account^® is a demand deposit account established by Pathward^®, National Association, Member FDIC, and the Flare Account Debit Card is issued by Pathward, N.A., pursuant to a license from Visa U.S.A. Inc. Ouro Global, Inc. is a service provider to Pathward, N.A.
© 2025 Ouro Global, Inc.

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