One account for every fund your congregation keeps
Separate building, education and appeal money into Funds, require two approvers, and earn 2.00% APY*.
*APY as of November 6, 2026. Variable and may change.
Our building fund and dues sit in checking
All mixed together, and some of it past $250,000 at a single bank.
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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 budget lines
Set up Funds for building, holiday appeals, education and tzedakah or seva. Releases from restricted Funds need review and approval.
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Spread across insured institutions
One sign-in, while Devote spreads deposits across multiple insured institutions so more of a large balance can be covered.
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Board approvals and reports
Every transfer needs two approvers. Monthly statements and treasurer-ready reports show each Fund's balance for your board.
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Questions for your board
Decide who approves releases and which Funds are restricted. Bring religious questions to your clergy or religious advisor.
Funds a congregation commonly keeps
Give each one its own Fund, and decide which ones need a second person to approve every release.
- Building and capital
Pledges for a renovation or a new building, held until contractor payments come due.
- Religious school
Tuition and education program money, kept apart from general operations.
- Annual appeal
High Holy Day appeal gifts, which arrive in a short window and are spent across the year.
- Clergy discretionary fund
Many congregations set written rules for a discretionary fund. Turn on second approval for that one Fund, even if the rest of the account doesn't require it.
- Memorial and tzedakah gifts
Gifts given in someone's memory, kept in their own Fund so the board can show how each one was used.
FAQs
Can a large building fund be covered past $250k?
Devote spreads deposits across multiple insured institutions.
Does Devote take a religious position on interest?
No. Ask your clergy or religious advisor.
Who sees the money?
Roles you assign: Owner, Admin, Bookkeeper and approvers.
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.
Bring every fund into one account
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.
