Square Financial Services Introduces 3.50% APY High Yield Savings for Square Sellers, More Than 8 Times the National Average

Square Financial Services Introduces 3.50% APY High Yield Savings for Square Sellers, More Than 8 Times the National Average

Sellers with $10,000 or more in their Square Savings account automatically earn the higher rate with no action required

Square Financial Services, Inc. (SFS), a wholly owned subsidiary of Block, Inc. (NYSE: XYZ), today announced the launch of Square High Yield Savings, a new deposit tier that pays 3.50% APY to Square sellers who maintain a daily balance of $10,000 or more in their Square Savings account. The rate is more than eight times the national average savings account rate1.

The new tier is designed to reward sellers who are building meaningful cash reserves through their Square Savings account. Sellers whose daily balance meets the $10,000 threshold earn 3.50% APY automatically, with no additional action required. The rate applies to the entire balance, is calculated daily and does not require a separate application or account.

Helping Sellers Build Financial Resilience