H&R Block’s mobile banking app, Spruce, is offering a 3.50% annual percentage yield (APY) on its savings account, with no minimum balance requirement. The app, designed to integrate spending and saving, features tools for tracking expenses and automating savings.

The Spruce Savings account's 3.50% APY is available without complex qualification tiers or the necessity of direct deposit. This rate applies to all balances, allowing users to start saving with as little as $20. The app facilitates custom saving goals and automatic transfers. Additionally, a "Round Up" feature rounds up eligible debit card purchases to the nearest dollar, transferring the change into the Extra Savings account.

Spruce operates with no monthly or sign-up fees. While most banking functions are free, certain optional services and out-of-network ATM transactions may incur fees. The Spruce Spending account can be funded through electronic transfers, direct deposit, mobile check deposit, and cash deposits at participating retailers. Third-party fees may apply to cash deposits made at retailers, and mobile check deposit has specific eligibility requirements.

Users who set up direct deposit with Spruce can potentially receive their paychecks up to two days earlier than scheduled. The app also provides transaction categorization and a "Watchlist" feature to monitor specific spending areas.

The Spruce debit card is accepted anywhere Mastercard is used. Customers receive access to a digital card immediately after account setup and funding, with a physical card mailed subsequently. The app provides access to over 55,000 Allpoint ATMs nationwide.

There is no credit check required to open a Spruce account, making it an accessible option for individuals seeking streamlined banking tools. Spruce is a fintech platform developed by H&R Block; bank products are provided by Pathward, N.A., a member of the FDIC.

The Annual Percentage Yield of 3.50% is accurate as of August 20, 2026, and is a variable rate subject to change. Spruce accounts opened before July 17, 2025, may require users to opt-in via the Spruce app or website to begin earning interest.

Early paycheck access depends on the timing of payment submission by the payer. Funds are typically available once the payment instruction is received by the bank, which can be sooner than the scheduled pay date.