The savings account your board would have designed.
2.00% APY* on every dollar, two approvers on every transfer, restricted money kept in its own Funds, and federal insurance up to $50 million. Open it beside the bank you already use.
*APY as of November 6, 2026. Variable and may change. No Devote fees.
What a $500,000 building fund earns in a year.
Most reserves sit where the organization first banked. The rate there decides how much the money does while it waits.
One year at a constant rate, before compounding. National average: FDIC national savings rate, October 19, 2026. Big-bank standard business savings rates as of October 2026; rates vary by location and relationship tier. *Devote APY may change at any time.
Three questions every board asks, answered in the account.
Is it insured?
Up to $50 million, not $250,000.
Federal insurance stops at $250,000 per bank. Devote places your balance across a network of FDIC- and NCUA-insured institutions, so a large reserve stays covered. You still get one sign-in and one statement.
Who can move the money?
No one, alone.
Every transfer needs a second approver, confirmed with an authenticator. Board members and auditors can have view-only access.
Is the restricted money separate?
Every designation gets its own Fund.
Keep the building fund, scholarships and donor gifts apart, each with its own balance and its own interest. Monthly statements and QuickBooks sync give your auditor the rest.
Built for organizations that answer to a board.
New software on decades-old cash infrastructure.
Devote has built financial tools for nonprofits since 2023. Deposits are placed through a deposit program partner with a long record in insured cash, at well-capitalized banks and credit unions.
Read our story- 1970
Our deposit partner's parent company begins building cash management products.
- 2008
The partner starts running insured deposit programs, now spanning hundreds of insured institutions.
- 2023
Devote launches for nonprofits.
- Today
Hundreds of nonprofits in all 50 states and U.S. territories keep funds with Devote.
Put your reserves to work.
Open a savings account your board can review.
- Apply in about 10 minutesTell us about your organization, including its address and EIN.
- Get approved, usually within 24 hoursWe review every application, and most accounts are open the next day.
- Link your checking and add moneyYour first deposit needs to be at least $1,000.
