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APY at North One

Learn more about the APY and interest on your North One account

Katherine avatar
Written by Katherine
Updated over a week ago

North One customers* can earn up to 3.00% APY¹ on their account balance. North One Plus customers can earn the monthly equivalent of 3.00% APY¹, and North One Standard customers can earn the monthly equivalent of 2.50% APY.¹

Qualifying is easy! You’ll just need to ensure that your account is in good standing with a balance above $0.00. You’ll also need to spend at least $500 on your North One Mastercard® Small Business Debit Card per month.

If your North One account was opened before December 19, 2024, you will need to complete a W9 attestation and agree to all of the documents before you’re eligible for APY. If you need a hand with that, reach out to our

Customer Care team!

If you want to make sure you qualify but you don’t know where to start, we can help with some suggestions:

  • Set your North One card up for auto-payments on your regular bills (like phone, or internet).

  • Make sure your physical North One card is activated and current. They do expire every two years, so always reach out if your address changes!

  • Connect your virtual North One card to your digital wallet so that it’s easy to access.

  • Set account balance top-ups through Plaid to make sure you always have sufficient funds.

  • Consider upgrading to North One Plus to get the most out of our APY options.

If you have any questions about this or anything else, feel free to reach out to our Customer Care team through the Support section of your account.

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*At this time, APY is only available for customers who opened their accounts on or after December 19, 2024. APY for existing customers will be launching soon.

¹The Annual Percentage Yield ("APY") for your Standard or Plus Plan is variable and may change at any time. 2.50% APY applies to Standard Accounts, and 3.00% APY applies to Plus Accounts on balances of $250,000 or less if eligibility requirements are met, including but not limited to a cumulative monthly card spend of at least $500.00, and if the account balance is greater than $0.00. For Accounts with balances over $250,000 the APY will range from 3.00% to 2.14% for Plus Plans and 2.50% to 1.78% for Standard Plans. The disclosed APY is effective as of December 19, please see your APY Program Terms & Conditions for details.

North One is a financial technology company, not a bank. Banking services provided by The Bancorp Bank, N.A., Member FDIC. The NorthOne Mastercard® Small Business Debit Card is issued by The Bancorp Bank, N.A., Member FDIC, pursuant to license by Mastercard International Incorporated. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated. Card may be used everywhere Mastercard is accepted.

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