While plenty of high-yield savings accounts are paying in the 4% range, this unique offer adds a nice cash bonus on top of its competitive APY. But only if you act soon.

If you want to do more than pay friends and businesses on the service, here’s how to transfer money from Cash App to your bank account. Currently, instant transfer fees are between 0.5% and 1.75 ...

Because Cash App is a financial services platform and not a bank, deposits are FDIC ... a monthly direct deposit of at least $300. Otherwise, the savings account earns a base 1.50% APY.

You can link your bank account, debit card, or your credit card to Cash App. It’s usually necessary to add money to your Cash account, as well as transfer Cash App funds to your bank.