Step - Earn 5.00% on Savings 2.3.226

Step is a comprehensive banking solution that is used by over 4 million individuals to cultivate smarter financial habits. With Step, you can earn an impressive 5.00% on your savings balance up to $250K, which is more than 12 times the national average. Additionally, by setting up qualifying direct deposits, users can enjoy up to 3 times the points they earn. Even if you are under 18 years old, Step allows you to establish a positive credit history through its FDIC-insured bank account and complimentary Visa Secured Card. This all-in-one platform also offers investment opportunities in stocks, allows you to set savings goals, rewards you for your activities, and facilitates instantaneous money transfers between users.

Step excels at providing users with key tools to ensure their financial success. It enables easy monitoring of transaction history, portfolio balance, and savings progress. Interestingly, you can join Step without being burdened by any monthly fees.

Benefits of using Step:

• Earn an impressive 5.00% on your savings
• No signup fees, monthly fees, or overdraft fees
• Invest in stocks
• Enjoy up to 3 times the points
• Establish a positive credit history even before turning 18
• Receive rewards at participating merchants
• Early access to funds with direct deposit
• Instant money transfers
• Convenient cash deposits at over 70,000 retail locations nationwide
• Access to 30,000+ fee-free ATMs nationwide
• Merchant blocking feature
• Customizable Step Visa Card
• Add your Virtual Step Card to Apple Pay
• Create Savings Goals to budget for significant purchases
• Easily track your balance within the app

Additional benefits for parents:

Parents can have peace of mind knowing that their teenagers' transaction history is readily available with just a click. Features like savings goals, merchant blocking, and automated allowances provide parents with confidence that Step is setting their teens up for financial success.

• No signup fees, monthly fees, or overdraft fees
• Instant money transfers to teenagers and automated allowances
• Seamless connection to existing debit cards, bank accounts, or other apps
• Transparent visibility into teens' spending and savings
• Customer support 7 days a week
• Option to freeze teens' Step Card at any time
• Add up to four family members to Step
• Protected by Visa's Zero Liability Policy

¹Please note that the deposit account offered by Step does not bear interest. The savings percentage mentioned represents cash rewards directly funded and managed by Step. If calculated as an APY, the rewards would equate to 5.00%. This percentage is variable and may change. The national average rate cited is based on the FDIC's published national average savings rate, which was accurate as of May 10, 2023.

²Step functions as a financial services platform. Banking services are provided by Evolve Bank & Trust, a member of the FDIC and issuers of the Step Visa card. The Zero Liability policy offered by Visa does not apply to specific commercial card transactions or transactions not processed by Visa. Cardholders are advised to exercise caution in protecting their cards and promptly notify their issuing financial institution of any unauthorized use.

³The Step Visa Card has been designed to foster a positive credit history. Positive credit history is solely reported to the three major bureaus based solely on your Step Visa card activity and is contingent on sustaining a good account standing. It is important to note that the impact on your overall credit history and scores as reported by the bureaus may be influenced by factors beyond your Step Visa card activity. Credit scores are determined by the bureaus based on various factors, which include external activities not limited to Step Visa Card transactions.

⁴It is possible for transfers to undergo review by Step or your bank, leading to potential delays.

⁵Out-of-network ATM withdrawal fees will be applicable.

⁶The early access to direct deposit funds depends on the timing of the payment file from your payer. Normally, funds become available on the day the payment file is received, which can be up to 2 days earlier than the scheduled payment date.

⁷Investing and advisory services are provided by Step Advisers LLC, a SEC-Registered Investment Adviser operating under non-discretionary recommendations. DriveWealth, a member of the Financial Industry Regulatory Authority (FINRA), manages and safeguards investment accounts.