Current APY rates - Karat Help Center

APY (Annual Percentage Yield)

APY (Annual Percentage Yield) reflects the interest earned on your account balance over a year, including the effect of compounding.

• Checking APY applies to balances held in your checking account (Premium members only)
• ATP APY applies to funds held in your Automated Tax Planning (ATP) account
• Premium members receive a higher APY than Standard members

Rates as of February 15, 2026 Karat Premium Members

• 1.75% APY yield on checking balance
• 2.75% APY yield on ATP (tax savings) balance

Standard members

• 0.75% APY yield on tax savings account (ATP)

Rates are tied to the Federal Reserve rate environment and are subject to change. Updated rates will be reflected in this article when changes occur.

Karat is a financial technology company, not a bank. Banking services provided by Grasshopper Bank, N.A., Member FDIC. The Karat Visa® Business Credit Card is issued by Cross River Bank, Member FDIC, and pursuant to a license from Visa️ USA. APY rate as of February 15, 2026, subject to change.