Your BlueVine Business Checking account will earn 0.6% interest on deposits. The BlueVine Business Checking account has no minimum balance required.
Account balances up to and including $100,000 will earn 0.6% interest; deposits beyond this limit will not earn interest, as outlined within the account agreement.
Why did the interest rate change from 1.0% to 0.6%?
As stated in your BlueVine Business Checking User Agreement, interest payable on interest-bearing accounts is subject to change from time to time. As of December 1st, 2021, the rate on our Business Checking account will be adjusted from 1.0% to 0.6% APY on balances up to and including $100,000. Please keep in mind that even with this adjustment, our Business Checking account’s rate remains highly competitive at 20x the national average.
How is interest calculated?
Interest is calculated as simple interest daily and is credited at the beginning of the month. Interest is computed on a calendar year basis and is paid only in whole cents.
When is the interest deposited to my account?
BlueVine will deposit interest on the 1st of each month. Your monthly statement and the Checking tab on your BlueVine Dashboard will outline the monthly interest earned.
If you have any questions or concerns regarding your interest, don’t hesitate to contact our Support team. We are here to help!