Spruce up your banking game with 3.50% APY

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 important because it shows 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 make 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 easy to use.

Spruce

The headline feature is the Spruce Savings account, which 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. Customers can create custom saving goals and schedule automatic transfers, while the Round Up feature can move the change from eligible debit card purchases into Extra Savings.

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

The Spending account can receive money 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 also categorizes transactions and includes a Watchlist feature for monitoring spending areas that deserve extra attention.

The Spruce debit card has a clean, modern design and works anywhere Mastercard is accepted. Customers can access a digital card after opening and funding an account, while the physical card arrives by mail. 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 people who want useful banking tools without another layer of financial friction, that accessible setup is a major plus.

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

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 people 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, which 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 made available when the payment instruction is received, which may be earlier than the scheduled payment date.