Two approvals on every PTA dollar
No debit cards, no one-person transfers, and a record your next treasurer can read. Earn 2.00% APY* on money you're holding for spring.
*APY as of November 6, 2026. Variable and may change.
We only found out when the account was nearly empty
When one person can move the money alone, no one sees a problem until it's gone.
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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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Two people, no cards
Devote has no cards of any kind, and every transfer needs two approvers. These approvals don't replace check-signing rules on your checking account.
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Owner, Admin, Bookkeeper, approvers
Roles split the work, so the Bookkeeper who records activity isn't the person who approves transfers.
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Statements a non-signer can check
A board member who isn't a signer can review monthly statements and the audit trail.
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Hand it off in June
Officers change every year or two. The audit trail and statements stay with the PTA's account, so your next treasurer starts with the full record.
What your year-end review will ask for
Most PTA units have their books reviewed at year end and whenever a treasurer leaves. Here is where each answer lives in Devote.
- Every statement
Monthly statements for every month the account was open, showing each Fund's balance and the interest it earned.
- Who approved each payment
The audit trail shows who requested every transfer, who approved it and when it moved.
- Access for the review committee
Give the committee Auditor access for a set period. They can see everything and can't move money, and access ends on its own.
- A clean handoff
Add the incoming treasurer and remove the outgoing one. The full record stays with the PTA's account, not in someone's inbox.
FAQs
Does Devote meet our state PTA's rules?
Devote requires two approvers and has no cards. Your state PTA sets the rules, so check its handbook.
Can we use the school's EIN?
State PTA rules we reviewed say each unit needs its own EIN. Check your state PTA's handbook.
Is our money insured?
Yes. Devote spreads deposits across a network of FDIC-insured banks and NCUA-insured credit unions, so up to $50 million per tax ID is federally insured.
Is there a minimum deposit?
The first deposit must be at least $1,000.
How quickly can we withdraw?
Anytime. Requests before 3 p.m. Eastern on a business day are processed that day and typically reach your bank two business days later.
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.
Put two approvals on your PTA's savings
No Devote fees at launch.
- 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.
