Save

Earn interest that’s actually noticeable.


Sky-High Savings

Bloom sets your money up for gain. There’s a reason we call it Sky-High Savings—enjoy zero hassle and big returns:

  • 2.50% APY*ꜛ
  • No fees
  • No minimum balance
  • Seamless direct deposit transfers
  • FDIC-insured
*Annual Percentage Yield
ꜛTo earn 2.50% APY, meet these three requirements in the same calendar month:
Make at least five Debit Card purchases, receive total direct deposits of $1,000 or more in the same calendar month, and keep a daily Savings Account balance up to $11,000.  Otherwise, enjoy 1.21% APY.



Steps to see growth like never before:

1.

Open your Sky-High Savings account with Bloom.

2.

Fund your savings account from any pre-existing account.

3.

Sit back and watch it grow each month.


At Bloom, we’re here to help you reach your savings goals.

There’s something worth saving for in every season. Your next big vacation. The college of your dreams. A big move across the country. No matter how long or short it takes, Bloom is set on helping you get there with our built-in personal finance management tool. Easily set goals and track your spending all within Bloom.

Learn more about Bloom's tools for managing your money.




Frequently Asked Questions

A high-yield savings account is a type of account that pays a yield (earns interest). In fact, it typically pays 20 to 25 times higher rates than the average savings account. That way you can save more and reach your goals faster.
Yep, you heard us right! No fees, ever. We don’t have a network of branches to maintain, so that helps us save money and frees you from monthly fees.
Absolutely. Rest easy knowing your money is safe with us! Bloom is a completely secure channel with local data encryption and verified connections. On top of two-factor authentication, we have user device management to always ensure your account is in safe hands. And the Federal Deposit Insurance Company (FDIC) insures up to the legal limit of $250,000.
Good question. It really depends on the ways you plan to use your money. If you have a goal in mind and you’re wanting to save, think about our Sky-High Savings account. Or if you’re wanting a way to manage your cash flow, begin with a checking account. Both accounts are great options to help you win with your money. Get started by downloading the Bloom app and opening an account today.
We promise we’re not making up words here. APY stands for Annual Percentage Yield. That means it’s the rate of return (or amount of money) you’ll receive each month depending on your account balance. The more money you have, the more money you’ll receive.






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Your money, always accessible. Your accounts, highly manageable. Your needs, always met.