Free
Watch what your money can do with North One’s 3.00% APY Business Checking Account.
Use our calculator to see how your balance could grow with monthly compounding based on your average daily balance, whether you’re just getting started or already saving consistently.
North One is a financial technology company, not a bank. Banking services provided by The Bancorp Bank, N.A., Member FDIC.
North One is a financial technology company, not a bank. Banking services for the deposit account provided by The Bancorp Bank, N.A., Member FDIC.
Enter your starting balance and any monthly deposits you plan to make. We’ll show you how much interest you could earn based on monthly compounding and your average daily balance.
No finance degree required. Just input and watch it grow.
You’re already working hard to bring money into your business. APY helps that money keep working for you—even on nights, weekends, and slow seasons.
APY (Annual Percentage Yield) reflects how much interest you’ll actually earn over a year, factoring in compounding. That means you're earning interest on your interest, not just on your starting balance.
Why it matters for your business:
A high APY means your balance earns, whether or not you’re making monthly deposits.
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Unlike flat interest rates, APY includes compounding, so your earnings grow exponentially.
APY helps you compare accounts based on actual earnings, not just advertised rates.
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If you're already holding cash for taxes, payroll, or operating costs, APY helps you get more from what’s just sitting there.
APY (Annual Percentage Yield) shows the total amount of interest your account earns over a year, including the impact of compounding. Think of it as your return-on-balance. It’s the clearest way to see what your money can earn—interest on interest, without you lifting a finger.
At North One, interest is compounded monthly and calculated using your average daily balance—so the more consistent your balance, the more you can earn.
Here’s the formula behind it:
Where:
i = interest rate
n = number of compounding periods per year
No need to crunch the numbers yourself, our calculator does the math for you instantly.
North One is a financial technology company, not a bank. Banking services for the deposit account provided by The Bancorp Bank, N.A., Member FDIC.
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You don’t have to wait for a quarterly surprise. Your earnings are deposited monthly and tracked in real time with a visual progress bar right in your app.
Here’s what to expect when you earn interest with North One’s Business Checking Account:
APY is earned on eligible account balances
Interest is calculated and compounded monthly, based on your average daily balance
Payout happens once a month, deposited directly into your account
You’ll get notified in the app, and you can track your earnings with a real-time progress bar
Getting started is simple. To qualify for up to 3.00% APY on your Business Checking Account, just:
Maintain a positive daily balance (above $0)
Keep your account in good standing
Spend $500 or more each month with your North One Mastercard® Small Business Debit Card
That’s it.
Every month, your earned interest is deposited directly into your North One Business Checking Account, and you’ll see it clearly labeled in your transaction history. You’ll also get a push notification as soon as it lands, so you never miss a payout.
The best part? Once it’s deposited, it becomes part of your balance and starts earning interest too. That’s the power of monthly compounding—your money keeps building on itself automatically.
You can also track your progress toward earning interest right in the app, with a visual progress bar to keep you in the loop.
