Optional Online Savings Account

Open an optional online savings account with your Flare Account to earn interest on money you save.

With a qualifying direct deposit to your Flare Account of at least $500 in one calendar month, you are eligible to open an optional savings account at the following APY tiers:

Annual Percentage Yield


Savings Account Average Daily Balance of $2,000.00 or less 1


Savings Account Average Daily Balance of more than $2,000.001

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Interest Rate Paid



Savings Account Average Daily Balance of $2,000.00 or less1


Savings Account Average Daily Balance of more than $2,000.001

Open a Flare Account Online

Don’t have a Flare Account? To apply online for a Flare Account there are no fees or minimum balance required.

While this feature is available at no additional charge, certain other transaction fees and costs, terms, and conditions are associated with the use of this Account. See the account holder agreement for more details.

Already have an Account? Once you establish a qualifying Direct Deposit of $500 in a calendar month, you’ll pay no fees to open an Optional Savings Account1 with us, with no minimum balance required.

Monthly fee applies.

To see full list of fees, visit our Rates page.

Have Questions?

Step 1: Set up qualifying Direct Deposit to your Flare Account (minimum $500 in 1 calendar month).

Step 2: Open the optional Savings Account and add funds.

Step 3: Earn interest based on your Average Daily Balance.

You’ll earn up to 6.00% APY on your $2,000 of your Average Daily Balance. Then, for the dollar amount over $2,000, you will earn 0.50% APY.1

APY or Annual Percentage Yield is the total amount of interest paid on an Account, based on the interest rate and the frequency of compounding for a 365-day period (366-day period in a leap year), and is expressed as a percentage.