How does Bluevine’s interest rate work?

Interest rates will depend on your plan type:
 

Standard Plan
You can earn a 1.3% annual percentage yield (APY) on total balances up to $250,000 if you meet a monthly activity goal.¹ 

Plus Plan
Plus customers will earn 1.75% APY on total Bluevine Business Checking balances up to $250,000 without having to meet any eligibility requirements.

Premier Plan
Premier customers can earn 3.0% APY on all total Bluevine Business Checking balances without having to meet any eligibility requirements.

Check out our Business Checking plans support article for more information.

What is annual percentage yield?

Your annual percentage yield, or APY, is the rate of return you earn on deposits in your Bluevine Business Checking account.

How do I earn interest on the Standard plan?

To earn interest on the Standard plan, you’ll need to meet at least one of the following two eligibility requirements during each month’s Eligibility Period as described in the Terms of Interest Accrual:

• Spend $500 per month with your Bluevine Business Debit Mastercard® and/or your Bluevine Business Cashback Mastercard®²; OR
• Receive or deposit $2,500 of your clients' payments into your Account and/or Sub-account(s).³

If you’ve met one of the above criteria, you’ll receive your interest payout on the first of the following month. Activity does not roll over—these transactions must post to your account or sub-accounts before the end of the month to qualify for that month’s eligibility.

Eligibility Requirements

Frequently Asked Questions

How is interest calculated?

For your Bluevine Business Checking account, we calculate interest as simple interest daily and credit your interest earnings monthly. Learn more about how we calculate interest.

When is the interest deposited into my account?

Standard Plan
Once you’ve met at least one of the monthly eligibility requirements to receive interest, we’ll deposit the interest you’ve earned into your main Bluevine Business Checking account on the first of the following month. For example, if you had $2,500 in deposits for the month of May, then you would receive your interest payout on your Bluevine Business Checking account on June 1st.

Plus and Premier Plan
Plus and Premier plan interest will be automatically deposited in your main Bluevine Business Checking account on the first of the month following the end of the billing period. Check out our Business Checking plans support article for more information.

Will I earn interest if my balance is higher than the maximum balance?

If eligible on the Standard plan, you can earn 1.3% APY on Bluevine Business Checking account balances up to $250,000.¹ On the Plus plan, you will earn 1.75% APY on total balances up to $250,000. Deposits beyond these caps will not earn interest, as outlined within our Terms of Interest Accrual. There is no balance cap on APY accrual on the Premier plan.

Will my earned interest reflect on my 1099-INT form?

You’ll be eligible for a 1099-INT if you earn $10 or more of interest within the calendar year.

Note: The interest you earn in December will not be paid until January 1st of the next year. As a result, if you are calculating interest for a full year, do not include the interest accrued for the month of December because it will count toward the following year.

How do I know if I’m close to meeting the monthly qualifications for the Standard Plan?

You can check your interest eligibility status on your Bluevine dashboard. Please follow the steps below:

1. Sign in to your Bluevine dashboard.
2. Navigate to Checking on the left-hand side.
3. Hover over Interest rate, below your available balance.
   

• • You can also view your eligibility status by clicking on Account Details below your available balance.

^{1 Premier and Plus plan customers automatically earn annual percentage yield (“APY”) on their available balances. Standard plan customers will earn interest on their available balances if they meet an eligibility requirement as detailed in the Terms of Interest Accrual which is incorporated as a part of the Bluevine Business Checking Account Agreement. 
2 Card transactions must post and finally settle to your account during each month’s Eligibility Period, as defined in the Terms of Interest Accrual, to qualify toward that month’s Eligibility Requirements.
3 Qualifying transactions only include business deposits such as mobile deposits of customer checks and customer payments transferred via ACH, wire, or from payment processing providers. These transactions must post and finally settle to your account or Sub-Account(s) during each month’s Eligibility Period, as defined in the Terms of Interest Accrual, to qualify toward that month’s Eligibility Requirements. Transactions that do not qualify include, but are not limited to, cash deposits. Subject to change.}