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Grow your money with up to 2.00% APY on checking.

Unlock up to 3.00% APY with Tax planning.

Get a 3-month free trial of Karat Premium.

Get $100 deposit bonus*.

Karat is a financial technology company, not a bank. Banking services provided by Grasshopper Bank,N.A, Member FDIC.
*Must maintain an average daily balance of $10,000 for 90 days to qualify for the bonus. APY rate as of July 1, 2025, subject to change. Please see Deposit Account Aqreement Disclosures, and Karat Premium Terms of Service for details.
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Claim up to a $100 bonus! Terms apply.

Maintain an average daily balance of $10,000 for 90 days to qualify for the bonus. Terms apply.
Karat is a financial technology company, not a bank. Banking services provided by Grasshopper Bank,N.A, Member FDIC. Please see Deposit Account Aqreement Disclosures , and Karat Premium Terms of Service for details. APY rate as of , subject to change.

Karat banking yield calculator

See how much more you could earn with Karat banking vs traditional banks.

1 yr 10 yr
Total yield
--
Checking 2.00% APY
--
Tax Planning 3.00% APY
--
TRADITIONAL BANKS
Total yield
--
National Average 0.08% APY
--

Karat is a financial technology company, not a bank. Banking services provided by Grasshopper Bank, N.A., Member FDIC. See Business Deposit Account Agreement Disclosures for details.

Based on an average publicly available interest rate of 0.08% APY at other banks and an advertised rate offered by Karat of up to 3.00%. Rate as of , subject to change.

Total yield
--
Checking 2.00% APY
--
Tax Planning 3.00% APY
--
TRADITIONAL BANKS
Total yield
--
National Average 0.08% APY
--

Karat is a financial technology company, not a bank. Banking services provided by Grasshopper Bank, N.A., Member FDIC. See Business Deposit Account Agreement Disclosures for details.

Based on an average publicly available interest rate of 0.08% APY at other banks and an advertised rate offered by Karat of up to 3.00%. Rate as of , subject to change.