High-yield savings plans
Choose a plan that matches your financial goals. Whether you want flexible access or maximum returns, we have a savings solution for you.
Flexi Saver
Withdraw anytime. Normal rate.
Minimum deposit: $0.00 · Term: 0 months · Interest compounds daily
Open this plan →Growth 12
12-month locked plan with a higher rate.
Minimum deposit: $500.00 · Term: 12 months · Interest compounds daily
Open this plan →Wealth 36
36-month plan for long-term goals.
Minimum deposit: $2,000.00 · Term: 36 months · Interest compounds daily
Open this plan →How Velovance savings work
Simple enrollment
Open a savings plan directly from your dashboard. Move funds from your checking balance in seconds — no paperwork, no branch visits, no hidden fees.
Daily compounding
Interest is calculated daily and credited to your account monthly. The longer you save, the more your money grows — automatically.
Flexible vs. fixed
Flexible plans let you withdraw anytime without penalties. Fixed-term plans lock in higher rates — perfect for goals you're saving toward.
Track your progress
Watch your savings grow in real time. Each plan shows current balance, interest earned, and projected growth at maturity.
See what your money can grow to
Use this simple calculator to estimate your savings growth over time.
This is an estimate. Actual returns depend on rate changes and compounding frequency.
✅ Flexible savings — withdraw anytime
No penalties for early withdrawal. Perfect for emergency funds or short-term goals where you might need access to your money.
⚠️ Fixed-term CDs — early withdrawal penalty
Withdrawing before maturity incurs a penalty of 90 days of interest. We recommend only depositing funds you can leave until the term ends.
Frequently asked questions
When is interest paid?
Interest is calculated daily and credited to your savings plan on the last calendar day of each month. You can track accrued interest in real time from your dashboard.
Can I have multiple savings plans?
Yes! You can open as many savings plans as you'd like. Many customers use multiple plans for different goals — vacation, emergency fund, down payment, etc.
Is there a monthly fee?
No. Velovance savings plans have zero monthly maintenance fees. The only cost is an early withdrawal penalty for fixed-term CDs if you withdraw before maturity.
Are my savings FDIC insured?
Yes. All Velovance savings plans are held at FDIC-insured partner banks. Your deposits are insured up to $250,000 per depositor. Member FDIC Certificate #2214635.
Can I change my plan after opening it?
You cannot change the APY or term of an existing plan after opening. However, you can close a flexible plan anytime (no penalty) and open a new one. For fixed CDs, you must wait until maturity to avoid penalty.
Start growing your savings today
Open a high-yield savings plan in minutes. No minimum balance for existing customers. Start earning from day one.
Open an account →
APY = Annual Percentage Yield. Rates are variable and subject to change without notice. Current rates as of June 19, 2026.
Member FDIC. Deposits held at Velovance are insured up to $250,000 per depositor. See our Rate Disclosures for complete terms and conditions.