CREDIT KARMA® SAVINGS*
GROW YOUR SAVINGS FASTER
Earn interest on your money with an Annual Percentage Yield (APY) of 2.60%1—6X the national average.2
*Credit Karma is not a bank. Banking services provided by MVB Bank, Inc., Member FDIC.
NO FEES OR MINIMUMS
No withdrawal or transfer fees. No minimum balance to open.
FDIC-INSURED
Your money is insured up to $5M through a network of participating banks.3
SAVE YOUR WAY
Add funds yourself or set it and forget it with automatic deposits.
SAVINGS
SUPER-
CHARGED
Level up your savings at 6X the speed with a high-yield Savings account4 today.
Open a Credit Karma Checking account for fast and flexible checking with fee-free Overdraft Coverage5 up to $200.*
*Available with a Qualified Direct Deposit6 of $200 or more.
Overdraft Coverage starts at $20 and can build up to $200 for eligible members.
FAQs
Credit Karma Checking and Savings is a specialized digital money experience integrated directly with your Intuit Credit Karma account, combining checking and savings features to help you make financial progress. It is important to note that Credit Karma is not a bank; its banking services are provided by MVB Bank, Inc., Member FDIC.
Your Credit Karma experience is split into two primary individual accounts: Credit Karma Savings and Credit Karma Checking.
This account is built to help you grow your savings with competitive rates and zero monthly fees:
- Variable High-Yield Interest: You can earn interest based on a competitive, variable Annual Percentage Yield (APY).
- No Opening or Maintenance Fees: The account is completely free to open, requiring no minimum balance to open or maintain.
- Withdrawal Limits: While there are no limits on deposit frequency, a maximum of 6 withdrawals per monthly savings statement cycle may apply to your Savings account.
You will need to be a member of Intuit Credit Karma in order to open a Credit Karma Savings account. You can then open a savings account through the Credit Karma app on your mobile device or desktop.
Credit Karma is not a bank. Banking services provided by MVB Bank, Inc., Member FDIC. Maximum balance and transfer limits apply per account.
1 The Annual Percentage Yield (APY) shown is current as of 11/26/2025. This rate is variable and may change. No minimum deposit to open account. Balance must be at least $0.01 to earn APY. A maximum of 6 withdrawals per monthly statement cycle may apply.
2 Source: FDIC’s national average savings rate as listed at https://www.fdic.gov/resources/bankers/national-rates
3 Credit Karma is not a bank. Through our bank partners, the balance in your savings account may be moved to one or more network banks, as listed here, where it is eligible for FDIC insurance up to $5,000,000 once the funds arrive at network banks. Actual insured amounts may be lower or adversely affected based on any balances you hold in other accounts at other network banks, as each network bank provides up to $250,000 of FDIC insurance coverage per qualified account ownership category. Learn more at: https://www.fdic.gov/deposit/deposits.
4 A maximum of 6 withdrawals per monthly savings statement cycle may apply.
5 One Qualifying Direct Deposit of $200 or more into your Credit Karma Checking or Savings account every 35 days to be eligible. Coverage limits range from $20 to $200. No fee to use. Discontinue any time. Overdraft Coverage is discretionary, we may, but are not required to, pay your ACH, debit card and ATM transactions that would have declined due to insufficient funds. Your next deposit will be automatically applied to any negative balance. If your Checking account has a negative balance for 60 calendar days or more, it may be closed. Overdraft Coverage does not apply to internal or external transfers. Use responsibly.
6 Qualified Direct Deposit(s) are electronic deposits, of $200 or more into your Checking or Savings account every 35 days, for compensation for services, such as payroll, salary, government benefits, or eligible gig/marketplace platform payouts (including rideshare, delivery, and freelance marketplaces) made into your Checking or Savings account. Person-to-person (P2P) transfers (such as through Venmo, PayPal, or CashApp), transfers from one account to another or from other financial institutions, cash deposits, merchant refunds, one time credits, and Instant Transfers (including Instant Transfers for Earned Wage Access) are not considered Qualified Direct Deposits. Not all electronic deposits qualify, and we reserve the right to determine whether a deposit qualifies based on the information provided with the transaction.
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