> ## Documentation Index
> Fetch the complete documentation index at: https://help.trykarat.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Current APY rates

APY (Annual Percentage Yield) reflects the interest earned on your account balance over a year, including the effect of compounding.

* Checking APY applies to balances held in your checking account (Premium members only)
* ATP APY applies to funds held in your Automated Tax Planning (ATP) account
* Premium members receive a higher APY than Standard members

**Rates as of February 15, 2026**

*<u>Karat Premium Members</u>*

* **1.75%** APY yield on checking balance
* **2.75%** APY yield on ATP (tax savings) balance

*<u>Standard members</u>*

* **0.75%** APY yield on tax savings account (ATP)

<Info>
  Rates are tied to the Federal Reserve rate environment and are subject to change. Updated rates will be reflected in this article when changes occur.
</Info>

*<sub>Karat is a financial technology company, not a bank. Banking services provided by Grasshopper Bank, N.A., Member FDIC. The Karat Visa® Business Credit Card is issued by Cross River Bank, Member FDIC, and pursuant to a license from Visa️ USA. APY rate as of February 15, 2026, subject to change.</sub>*