Church savings with a Fund for every designation.
Keep missions, building and benevolence money apart in one savings account, with two-person approval and reports for your finance committee. 2.00% APY*.
*APY as of November 6, 2026. Variable and may change.
Is the missions money actually still there?
Hard to say when missions, building and benevolence live in one spreadsheet.
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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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Funds that match your designations
Set up a Fund for each designation, such as missions, building and benevolence, in one savings account. Restricted Funds need approval before money is released.
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Two people approve every transfer
Roles separate the treasurer, Bookkeeper and approvers, and every transfer needs dual approval, so no one person moves church savings alone.
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Reports for committee and audit
Monthly statements and treasurer-ready reports for the finance committee, plus records to support your annual audit. QuickBooks sync keeps the books current.
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Keep your checking where it is
Devote holds your savings. Your checking stays at your current bank, and you move money between the two.
Sample board resolution
Bring the account to your church board or finance committee with this sample resolution.
FAQs
Is each designated Fund insured separately?
No. Funds add no coverage. Devote spreads the church's balance across multiple insured institutions, each covering up to $250,000 per organization.
Do we have to leave our bank?
No. Your checking stays where it is.
Can a denominational offering sit in a Fund?
Yes, as money you will forward. Agree with your denomination who keeps any interest, and check with your CPA.
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.
Give every designation its own Fund.
Apply for an account your finance committee 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.
