Block’s Square Financial Services launches 3.5% APY high-yield savings tier for Square sellers

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  • Block unit Square Financial Services launched a Square High Yield Savings tier paying 3.5% APY for Square sellers with $10,000+ daily balances.
  • Rate applies to the full Square Savings balance, calculated daily, with automatic eligibility once the threshold is met.
  • Move targets higher core deposits to support Square Financial Services’ lending funding at a lower cost of capital.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Block Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202606120700BIZWIRE_USPR_____20260611_BW611379) on June 12, 2026, and is solely responsible for the information contained therein.

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