New Feature: Earn 2% Interest on All Balances While Banking with Venn

Introducing 2% yield on all balances

We are excited to announce some major updates for businesses using Venn. Starting today, every balance held in your Venn account will earn 2% interest, with no minimums or caps, across all currencies and plans.

This marks the next step in our mission to make business banking not only simpler, but more rewarding. Whether you are holding CAD, USD, or EUR, your funds will now earn yield automatically while staying fully accessible for day-to-day operations.

All funds in your Venn account are also safeguarded in trust accounts at our Canadian Partner Institution, and balances in these trust accounts are eligible for CDIC insurance coverage, up to $100,000 CAD per insured category. This means your safeguarded funds now have the benefit of federal deposit protection, while earning interest and remaining fully liquid for your business needs.

In addition to earning interest, you can also now create sub-accounts that are separate from your main Venn balance.

This update comes alongside one of our biggest product quarters yet. Not only did we pass 5,000 businesses, but we also we rolled out a series of major product launches (check out the complete Fall 2025 Product Roundup) to make everyday business banking easier such as:

• Apple Pay™ and Google Pay™ for secure mobile payments online and in-store
• AI Receipt Matching to automate bookkeeping and eliminate manual uploads
• Smarter Transfers and Invoice Tools to reduce errors and speed up collections
• Enhanced Team Controls to manage spending, permissions, and automation with confidence

Each of these updates supports one goal: helping entrepreneurs focus less on administration and more on building and growing their business.

Adding 2% yield on all balances continues that same mission. For the first time, businesses using Venn can earn savings on every dollar they hold, without minimums, caps, or restrictions. It is a meaningful step toward creating a modern, all-in-one business banking experience that rewards growth for the now 5,000+ Canadian businesses currently on the platform.

How to start earning interest with Venn

There’s nothing you need to do to activate this. Starting October 15, 2025, every balance in your Venn account will begin earning 2% automatically. You’ll see your interest accrued and paid directly into your account.

To view your balance and upcoming interest, simply log in to your dashboard. Interest payments will be made on the 5th of the following month to your Venn balance. 

Frequently Asked Questions

Q: How much interest do I earn on my Venn balance?

You earn 2% annual yield (APY) on all balances held in your Venn account. This applies automatically across all currencies and account types, so every dollar you hold earns interest while remaining fully available for use.

Q: When do I get paid interest on my Venn balance?

Interest is calculated daily and paid monthly directly into your Venn account. You’ll see it appear as a line item in your transaction history under your primary balance currency.

Q: Does it cost anything to earn interest with Venn?

No, there are no fees or charges for earning yield. The 2% rate is available to all Venn users on every plan, with no separate subscription or upgrade required.

Q: What is the minimum balance required to earn interest?

There is no minimum balance needed. Whether your account holds $10 or $100,000, every dollar earns the same 2% yield.

Q: Are there any caps on how much interest I can earn?

There are no caps or limits. You’ll earn 2% on the full amount of your balance, across all supported currencies (CAD, USD, EUR).

Q: Is my money protected?

Yes. Funds in your Venn account are safeguarded in trust accounts with our Canadian Partner Institution under the Retail Payment Activities Act (Canada). These balances are eligible for CDIC insurance coverage up to $100,000 CAD per insured category, providing added protection while your money earns interest.

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