Savings APY

Savings APY

This is a fixed rate Savings Account.



The annual percentage yields are accurate as of August 4th, 2022;



Although there is no minimum balance required to earn the respective annual percentage yield for each tier (see the Interest Rate and APY Schedule below), the interest rate and annual percentage yield that will be applied to your Savings Account will be determined by your Oxygen “Elements” Loyalty Rewards Program (“Rewards Program”) tier; each tier has its own deposit and spend requirements for qualification, see the Qualification and Maintenance Schedule below;



Although there is no minimum deposit required to open an Oxygen Savings Account, the interest rate and annual percentage yield that will be applied to your account will be determined by your Oxygen “Elements” Loyalty Rewards Program (“Rewards Program”) tier; each tier has its own deposit and spend requirements for qualification, see the Qualification and Maintenance Schedule below;



Interest Rate and APY Schedule
Rewards Program Level Interest Rate for Portions of Average Daily Balance of $20,000 or Less Annual Percentage Yield (APY) for Portions of Average Daily Balance of $20,000 or Less Interest Rate for Portions of Average Daily Balance above $20,000 Range of Annual Percentage Yield (APY) for Portions of Average Daily Balance above $20,000*
Earth 0.50% 0.50% 0.00% 0.50% to 0.08%
Water 1.00% 1.00% 0.00% 1.00% to 0.17%
Air 1.98% 2.00% 0.00% 2.00% to 0.33%
Fire 2.96% 3.00% 0.00% 3.00% to 0.50%

*APY range calculated on a hypothetical account balance of $100,000.00; Oxygen does not cap balances on Savings accounts.

Qualification and Maintenance Schedule
Rewards Program Level Annual Fee Qualifying Direct Deposit Requirements (Prior 30 Days) Qualifying Spend Requirements (Prior 30 Days)
Earth $0.00 $0.00 $0.00
Water $19.99 $1,500.00 $500.00
Air $49.99 $3,000.00 $1,000.00
Fire $199.99 $6,000.00 $2,000.00



Please refer to the Oxygen Savings Account Agreement for full details.

support@oxygen.us
866-287-7021,
580 California St, 12th Floor
San Francisco, CA 94104
support@oxygen.us
866-287-7021,
580 California St, 12th Floor
San Francisco, CA 94104

Banking Services provided by The Bancorp Bank, N.A., Member FDIC. The Oxygen Visa® Debit Card and the Oxygen Business Visa® Debit Card are issued by The Bancorp Bank, N.A., pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted.

1 Oxygen won the 2021 Best Overall Fintech App at the Fintech Breakthrough Awards.

2 Cashback percentage varies by element. Variable annual fee and account activity requirements may apply. Please refer to Cashback Terms & Conditions for more details.

3 Savings APY varies by Element. Variable annual fees, deposit and spend requirements may apply. No interest paid on balances over $20,000. Please refer to Oxygen-Bancorp Savings Agreement for details.

4 Early access to direct deposit funds depends on the timing of the payer's submission of deposits. We generally post such deposits on the day they are received which may be up to 2 days earlier than the payer's scheduled payment date.

5 0.50% APY applies to Earth Element and balances of $20,000 or less. For balances over $20,000, APY ranges from 0.50% to 0.08%. APY current as of 8/04/22. Please refer to Oxygen-Bancorp Savings Agreement for details.

61.00% APY applies to Water Element and balances of $20,000 or less. For balances over $20,000, APY ranges from 1.00% to 0.17%. APY current as of 8/04/22. Annual fee applies, fees may reduce earnings. No minimum balance to open the account, however, monthly spend and deposit requirements apply. Please refer to Oxygen-Bancorp Savings Agreement for details.

72.00% APY applies to Air Element and balances of $20,000 or less. For balances over $20,000, APY ranges from 2.00% to 0.33%. APY current as of 8/04/22. Annual fee applies, fees may reduce earnings. No minimum balance to open the account, however, monthly spend and deposit requirements apply. Please refer to Oxygen-Bancorp Savings Agreement for details.

83.00% APY applies to Fire Element and balances of $20,000 or less. For balances over $20,000, APY ranges from 3.00% to 0.50%. APY current as of 8/04/22. Annual fee applies, fees may reduce earnings. No minimum balance to open the account, however, monthly spend and deposit requirements apply. Please refer to Oxygen-Bancorp Savings Agreement for details.

9Based on the average Savings APY at fdic.gov

10LLC formation is powered by CorpNet, Inc. Fees for LLC creation differ by state and services selected.

11 For Business cashback rewards, please refer to Cashback Terms and Conditions for details.

121.00% APY applies to your business savings account and balances of $20,000 or less. APY current as of 8/04/22. Please refer to Oxygen - Bancorp Business Savings Agreement for details.

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For full details on Retail and Travel benefits please refer to your Cardholder Guide to Benefits.

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