MEDIUMVulnerability
Global

Square offers sellers 3.5% savings rate

·Source: Finextra

Updated:

Executive Summary

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.

Analysis

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.
Source Attribution

Originally published by Finextra on Jun 12, 2026.

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