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How do I open a Savings Account and earn up to 4% APY in interest?

With Lili, eligible customers can open a Savings Account to earn interest on their savings and keep business funds organized in one place.

 

Who can open a Savings Account?

You’re eligible to open a Lili Savings Account if:

  • You have an open, active Lili account, and
  • You’re enrolled in one of the following plans:
    • Lili Pro
    • Lili Smart
    • Lili Premium

Customers on the free plan must upgrade to a paid plan before they can open a Savings Account.

 

How do I open my Savings Account?

Once you’re on an eligible plan, you can open a Savings Account in a few steps:

From the Lili web app

  1. Sign in to your Lili account from a supported browser.
  2. In the dashboard, look for the option to Open Savings Account.
  3. Follow the on‑screen instructions to confirm and create your Savings Account.

From the Lili mobile app

  1. Open the Lili app and sign in.
  2. In the Banking tab - Select the option to Open Savings Account.
  3. Follow the prompts to finish setting up your savings.

Through the setup process you’ll be able to choose a fixed amount that you want to set aside weekly. Those funds will be automatically transferred from your checking account to your savings account. You can change your auto-saved amount at any time.

After you open your Savings Account, you can move money between your main account and your Savings Account whenever you need to, subject to your account limits.

 

How do I earn interest on my Savings Account?

Interest on your Lili Savings Account is expressed as an Annual Percentage Yield (APY), which may differ by plan and balance tiers.

Today, customers on an eligible plan can earn up to 4.00% APY on qualifying Savings balances (subject to change). For example:

  • The first portion of your Savings balance may earn one APY, and
  • Any balance above that threshold may earn a different APY or no interest, depending on your plan and current terms.

APY Tiers for Lili Pro and Above (Effective January 13, 2026) 
Please refer to Lili’s Terms and Conditions for full program details.

  • 2.25% APY for the first $500,000 ; 
  • 4.00% APY for portions of balance over $500,000 and up to $1,000,000 ;
  • Any portions of a savings balance over $1,000,000 will not earn interest or have a yield.

Important points:

  • Interest accrues daily on your eligible Savings balance based on the current APY.
  • Interest is paid monthly and credited to your Savings Account, where it becomes part of your balance and can itself earn interest (subject to the current APY).
  • The APY on your Savings Account is variable and can change at any time in line with our terms and disclosures.

 

Moving money in and out of Savings

You stay in control of your savings at all times:

  • Move money into Savings to set aside funds for taxes, future expenses, or an emergency cushion.
  • Move money back to your main Lili account whenever you need to cover spending, bills, or transfers.

Transfers between your Lili main account and your Savings Account are typically processed quickly, within standard internal transfer processing times.

Using Savings alongside your main account can help you:

  • Separate operational funds from savings,
  • Reduce the temptation to spend everything that’s in your main account.

 

Limits, fees, and other important details

  • Fees:
    There are no separate monthly maintenance fees for the Savings Account itself. Your plan’s monthly subscription fee and any applicable account fees still apply as described in your Lili disclosures.
  • Minimums and limits:
    There are no minimum balance requirements to keep your Savings Account open, but some APY tiers or plan benefits may apply only up to a certain balance and may change over time.
  • Plan dependency:
    Savings features and APY are tied to your plan type. Downgrading or canceling your plan may affect your ability to keep or use the Savings Account or may change the APY you earn.

For a full list of potential limitations, please refer to the Lili Account Agreement Terms and Conditions. 

 

Lili is a financial technology company, not a bank. Banking services are provided by Sunrise Banks, N.A., Member FDIC. The Lili Visa® Debit Card is issued by Sunrise Banks, N.A., Member FDIC, pursuant to a license from Visa U.S.A., Inc. The Card may be used everywhere Visa debit cards are accepted. 

Wire Transfer services are provided by Column Bank N.A., Member FDIC. All wires are subject to acceptance criteria and risk-based review and may be rejected at the sole discretion of Column Bank N. A. or Lili App Inc.