One account per client, with a Fund for every restriction
A Bookkeeper role that can't approve transfers, QuickBooks sync and an audit trail your clients' auditors can follow. Clients earn 2.00% APY*.
*APY as of November 6, 2026. Variable and may change.
I reconcile five accounts per client
Restricted money spread across bank accounts and tracked in spreadsheets.
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2.00%
APY
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0.01%
Standard rate
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0.01%
Standard rate
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0.01%
Standard rate
Standard business savings APYs as of October 2026. Rates vary by location and relationship tier.
*National average: FDIC national savings rate, October 19, 2026. Devote APY may change at any time. Estimate assumes the APY stays the same for 365 days.
How it compares
2%Devote
0.38%National Average
$50MDevote
$250KStandard FDIC Limit
National average: FDIC national savings rate, October 19, 2026. Standard FDIC limit: $250,000 per depositor, per bank, per ownership category.
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The Bookkeeper role
Bookkeepers see balances and record activity but can't approve transfers. Approvers approve.
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Funds that map to QuickBooks classes
Each Fund maps to a QuickBooks class, and activity syncs to QuickBooks after you review it.
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Reports for board packets and audits
Monthly statements, treasurer-ready reports and an audit trail your clients' auditors can follow. One account per client replaces several bank accounts.
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Bring Devote to your clients
Each client opens its own account, and its board decides.
FAQs
Can I approve transfers as the bookkeeper?
No. The Bookkeeper role records; approvers approve.
Does this replace fund accounting software?
No. Devote holds the cash and syncs to QuickBooks.
Is interest restricted under GAAP?
Usually not for non-endowment gifts, though Devote keeps it in the Fund by default. Confirm with the auditor.
Is there a minimum deposit?
The first deposit must be at least $1,000.
Devote is a financial technology company, not a bank. Deposits are placed at FDIC-insured banks and NCUA-insured credit unions through our deposit program partner. FDIC and NCUA insurance only cover the failure of an insured institution, and certain conditions must be met for pass-through coverage. Read the deposit insurance disclosure.
Simplify cash for every client
Apply for an account in minutes.
- 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.
