The smartest system to save and spend

Fruitful Cash is a 5.00% APY¹ cash account. You earn interest on all your money, whether you plan to save or spend it. It’s the best of both worlds - the high earnings of a savings account with the flexibility of a traditional checking account.

APY stands for Annual Percentage Yield — a fancy way of expressing the real rate of return earned on your cash over a period of time (one year in this case) inclusive of the wonderful impact of compounding. Compounding - sometimes referred to as “interest on interest” - takes into account your deposits as well as accumulated interest over a period of time.

The interest rate and corresponding APY (Annual Percentage Yield) for Fruitful Cash Accounts are variable and set at our discretion. Interest rates may change at any time including after account opening without prior notice. This is based on a number of factors - the primary being the Federal Funds Rate.  We’re motivated to provide members with as competitive a rate as possible. When the Fed, or Emigrant Bank, increases or decreases their interest rate, we increase or decrease ours.

Interest compounds daily and is calculated on a 365 day (or 366 day if a leap year) basis.  Interest is credited to your Fruitful Cash Account on a monthly basis.

Fruitful Cash accounts are held at our sponsor bank – Emigrant Bank, Member FDIC, which was founded in 1850, and is one of the largest privately held banks in the United States.

Fruitful is a financial technology company, not an FDIC-insured bank. Funds in your Fruitful Cash account(s) are held at Emigrant Bank, an FDIC-insured institution. While there, your funds are FDIC insured up to $250,000 and covered in the event of the failure of only Emigrant Bank.  Fruitful must meet and satisfy certain conditions for pass-through deposit insurance coverage in the event of Emigrant Bank’s failure.

Fruitful Advisory, LLC, is an investment adviser registered with the U.S. Securities & Exchange Commission (“SEC”) that employs full-time Financial Guides, all of whom are investment adviser representatives and CERTIFIED FINANCIAL PLANNER™ professionals. Investments in member accounts are held at and cleared by APEX Clearing Corporation, member FINRA/SIPC, who custodies over $120 billion in total assets as of June 2023.⁴

None. We don’t charge any account fees on Fruitful Cash accounts. See the Fruitful Cash Deposit Account Agreement to learn more about fees.

Yes, we offer both individual and joint Fruitful Cash Accounts.

You’re able to open up to eight (8) Fruitful Cash Accounts. That makes it easy to set up specific accounts to power progress toward all your goals while supporting your lifestyle.

You can move money at any time. It can typically take three to four business days for funds to arrive in your linked bank account. If your withdrawal taps funds that were recently deposited, it may take a few extra days to process.

Fruitful Card is a secured charge card tied directly to your Fruitful Cash Account, making it easy to spend responsibly. Your transactions are reflected in your available cash balance, and since you can’t spend more than what’s in your account, you’re always in control. Plus, you’ll earn up to 2% cash back² on every purchase—without any interest or carry-over balance to worry about.

A secured charge card is a type of credit card where your spending is capped by the amount of cash you hold, in this case, in a Fruitful Cash Account and is paid off in full at the end of each month. This means your available cash balance reflects your spending activity and you never carry over a credit balance or get charged interest. But you’re also able to access rewards – in our case, up to 2.00% cash back² on all of your purchases. It’s sort of the best of both worlds. It’s responsible and reward-filled!

When you open a Fruitful Cash account and get a Fruitful Card, the amount you deposit becomes your spending limit—just like the credit limit on a regular credit card.

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As you use your Fruitful Card, your spending is reflected in your available cash balance. The funds you spend are then set aside in your Fruitful Cash Account, ensuring that your statement balance is covered at the end of the month. This way, you’re always spending within your means, with no surprises.

Simple! Just set up and route a direct deposit to one or multiple Fruitful Cash accounts totaling $2,000 or more in the prior month. If you haven’t, you’ll still earn 1% cash back on all your spending.

The Fruitful Card is a secured credit card, not a typical credit card that bases eligibility on credit worthiness, allows you to rack up debt, or carry over a balance. If you have a Fruitful Cash Account, you're eligible—no credit checks needed, and no risk of debt or a carry over balance. Your spending limit is based on your Fruitful Cash Account balance, working like a credit limit without needing to load funds separately onto the card.

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Every time you make a purchase using Fruitful Card, money is set aside in your Fruitful Cash Account, putting that money on hold to cover transactions and ensuring you only spend what you have. When you buy something or spend money, it’s reflected in your cash balance, so you always have an accurate, real-time view of your finances. The reserved funds set aside in your account are then used to pay off the statement balance in full every month.

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That means you get great rewards but never have to worry about a carry-over balance or being charged interest.  You score rewards while spending responsibly!