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  • Writer's pictureKelsie Papenhausen

Introducing Bluevine Premier, A New Business Banking Plan Offering 4.25% APY On Up To $3 Million...

...In FDIC-Insured Deposits and Reduced Fees on Payments

Business Owners Can Now Maximize Deposit Interest Earned from Their Everyday Checking Accounts Without the Risks, Limits, and Hassle of Moving Idle Cash to Brokerage Accounts


JERSEY CITY, N.J.--(BUSINESS WIRE)--Bluevine, the one-stop digital banking platform specifically designed for small businesses, today announced the launch of Bluevine Premier giving business owners the opportunity to earn 4.25% Annual Percentage Yield (APY) on their Bluevine Business Checking balances up to $3 million, plus 50% off most standard payments fees, priority access to customer support, and more. Bluevine Premier customers also continue to enjoy all the benefits and capabilities that come with Bluevine’s standard plan, including FDIC insurance coverage of up to $3 million (12x the industry standard of $250,000)1, free standard ACH payments, automated accounts payable, unlimited transactions, international payments, free QuickBooks Online sync, and more.

Designed for companies with balances greater than $100,000, Bluevine Premier provides a high-yield interest rate that would typically require business owners to move funds into separate savings or brokerage accounts to achieve. Additionally, Bluevine Premier brings to small businesses some of the commercial offerings big banks reserve for large corporations, such as discounted fees on same-day ACH and outgoing wires as well as priority customer support. Bluevine Premier customers are also provided with up to 20 checks per month that can be printed and mailed, at no cost, from the convenience of their online dashboard or mobile device.

“Business owners deserve more for their money when it comes to banking, and the old tradeoffs don’t necessarily need to apply. Our customers have been clear with us—they’d love to earn a high-yield interest rate on their deposit balances without being forced to lock up funds in a CD or money-market fund that would reduce cash flow flexibility,” explained Charles Amadon, SVP and GM of Banking at Bluevine. “With Bluevine Premier, business owners no longer need to park their money away in separate accounts to earn more from it. We’ve significantly upped the ante with a 4.25% APY and low payment fees typically only available to larger companies—all conveniently accessible within their everyday business checking account. We’re not just raising expectations for business banking, we’re resetting them.”

Available today, Bluevine Premier customers who maintain a $100,000 minimum average daily balance across their Bluevine Business Checking account and sub-accounts, and spend at least $5,000 per month on their Bluevine Business Debit Mastercard® incur no monthly fee. Businesses that do not meet these criteria can still benefit from Premier for a monthly fee of $95. Business owners can also take advantage of a 30-day free trial for Bluevine Premier. To apply or learn more about the new Bluevine Premier banking plan, please visit Bluevine’s website.

About Bluevine Bluevine provides a one-stop digital banking platform specifically designed for small businesses. Since launching in 2013, Bluevine’s innovative and intuitive products, including business checking, integrated accounts payable, and lines of credit, have helped over 500,000 business owners save time and money so they can focus on what matters most: growing their business.

Bluevine is backed by leading private and institutional investors, including Lightspeed Venture Partners, Menlo Ventures, 83North, Citi Ventures, ION Crossover Partners, SVB Capital, Nationwide Insurance, and M12 (Microsoft’s Venture Arm). Bluevine is a financial technology company, not a bank. Banking Services provided by Coastal Community Bank, Member FDIC. Lines of credit are issued by Celtic Bank, a Utah-chartered Industrial Bank, Member FDIC. For more information, please visit bluevine.com or follow us on LinkedIn, Instagram, Facebook, and Twitter.

1 Bluevine accounts are FDIC insured up to $3,000,000 per depositor through Coastal Community Bank, Member FDIC and our program banks. $3,000,000 in FDIC insurance is offered by multiplying the standard $250,000 FDIC coverage across multiple banks. For complete details, please visit https://bluevine.com/business-checking/fdic-protection.

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