Baselane Savings accounts earn a variable interest rate (APY) based on your total Baselane Banking balance. APY tiers are determined by your combined Checking + Savings balance, but interest is applied only to funds held in Savings accounts.
Rates may adjust periodically based on the federal funds rate set by the Federal Open Market Committee (FOMC).
In this article, we will cover
How APY is Determined for Baselane Savings Accounts
Your APY tier is based on your total Baselane Banking balance across all Checking and Savings accounts at the end of each month. Only Savings account balances earn interest, but your full balance determines which APY tier you qualify for.
You can review your current APY tier at any time in your Baselane account:
Go to the Banking tab.
In the Summary section, select Learn more to view your APY tier and the criteria for each level.
This displays your real-time APY tier and explains how your overall balance (and rent collection activity, if applicable) impacts your rate.
Example
If you hold $10,000 in Checking and $25,000 in Savings (total balance $35,000), your eligible tier would be Tier 5 or Tier 6 (if rent was collected into a Baselane checking account in the past 3 months). The APY is then applied only to the $25,000 in the Savings account.
How Interest Is Calculated
Baselane uses the daily balance method, applying a daily periodic rate equal to 1/365 of your interest rate to your collected Savings balance each day.
Interest begins accruing the next business day after your deposit.
Interest is credited to your Savings account a few business days after the end of each month.
For full details, you may review Section 5.17 of the Deposit Account Agreement.
APY Tiers
APY tiers reflect your end-of-month total balance across Checking and Savings. Only Savings balances earn interest.
APY as of 12/10/2025
| Interest Tier | End of Month Total Balance | APY (Savings Only) |
|---|---|---|
| Tier 1 | $0 – $9,999 | 0.95% |
| Tier 2 | $0 – $9,999 + Rent Collection | 1.30% |
| Tier 3 | $10,000 – $24,999 | 1.69% |
| Tier 4 | $10,000 – $24,999 + Rent Collection | 2.03% |
| Tier 5 | $25,000 – $49,999 | 2.03% |
| Tier 6 | $25,000 – $49,999 + Rent Collection | 2.39% |
| Tier 7 | $50,000 + | 2.63% |
Frequently Asked Questions
How is interest credited?
Interest earned is credited to your Savings account a few business days after the end of the month.
What determines my APY tier?
Your total Baselane Banking balance (Checking + Savings) at month-end determines your APY tier. Only your Savings balance earns interest.
Does collecting rent increase my APY?
Yes. If you receive rent into any Baselane Checking account within the past 3 months, you may qualify for a rent-boosted APY tier.
When is the balance evaluated for next month's tier?
End-of-month balances determine the next month’s tier, though interest accrues daily based on your daily collected Savings balance.
Do all my Baselane Banking accounts receive the same APY?
No. APY is applied only to Savings accounts within your login.
Will I still earn interest if I close my account?
Yes. Any accrued interest up to the closure date will be issued via mailed check.
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