Announcement: Now earn 2% interest on your CAD and USD balances

We are excited to announce a major update for businesses using Venn. Starting today, every CAD and USD balance in your Venn account earns 2% annual interest, with no minimums, no caps, across all our plans!

This represents a significant milestone in our mission to make business banking simpler and more rewarding. It reflects our belief that modern business banking should deliver tangible value, not just basic functionality.

Why we are launching this

This marks the next step in our mission to make business banking not only simpler but more rewarding.

Traditional business banking has remained largely unchanged for decades. Most banks pay near 0% interest on operating accounts. In the meantime, those funds sit idle, waiting to cover payroll, supplier payments, and invoices, while generating no return for the businesses that deposited them.

When businesses do want to earn interest at a traditional bank, they typically need to lock funds into savings accounts or GICs. This means reduced liquidity, withdrawal restrictions, and often significant administrative overhead just to access their own capital. For businesses that need flexibility and fast access to cash flow, this is not a viable option.

We personally know lots of friends and family members that have dealt with these same issues, and have also heard this repeatedly from our customers over the last year. Many use Venn for payments, foreign exchange, and corporate cards, but when asked where they maintain their primary operating balances, the answer is often the same: a traditional bank account earning nothing.

This is why starting today, your CAD and USD funds now earn 2% annual interest automatically while staying fully accessible for day-to-day operations.

Additionally, all balances in your Venn account will be safeguarded in trust accounts with our Canadian Partner Institution. These trust accounts are eligible for CDIC insurance coverage up to $100,000 CAD per insured category, providing added protection while your money earns interest and remains liquid for your business needs.

This update comes alongside one of our biggest product quarters yet. Not only did we surpass 5,000 businesses, but we also introduced major product improvements that make everyday business banking faster and easier, including:

• 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

You can learn more about these features in our Fall 2025 update.

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

Adding 2% interest on all balances continues that same mission. For the first time, businesses using Venn can earn 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 5,000+ Canadian businesses currently on the platform.

How it works

There’s nothing you need to do to activate this feature. Starting November 5th, 2025, every CAD and USD 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. 

About Venn

We are a Toronto-based fintech platform offering end-to-end business banking solutions for Canadian companies. More than 5,000 businesses use Venn for local CAD and USD accounts, corporate cards with 1% cashback, FX rates as low as 0.25%, automated accounting, expense management, and now 2% interest on all CAD and USD balances. 

Earlier this year, we raised $21.5 million in Series A funding, led by Left Lane Capital with participation from XYZ Venture Capital, Intact Ventures, and Gradient Ventures.

Frequently Asked Questions

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

A: You earn 2% annual interest on all CAD and USD balances in your Venn account. Interest is applied automatically to your existing funds and any new deposits you add.

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

A: Interest is calculated daily and paid monthly on the 5th into your account. You’ll see it appear in your transaction history under the respective currency account.

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

A: No. There are no fees or hidden charges. The 2% rate is available to all Venn users on every plan.

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

A: There is no minimum balance. Whether your account holds $10 or $10,000,000, every dollar earns the same 2% annual rate.

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

A: There are no caps or limits. You’ll earn 2% on the full amount of your CAD and USD balances.

Q: Is my money protected?‍

A: 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.

Q: Can I withdraw my funds at any time?

A: Absolutely. Your funds remain fully liquid. You can transfer, spend, or withdraw anytime without penalties or restrictions.

Q: Do I need to upgrade my plan to earn interest?

A: No. All Venn customers earn 2% interest regardless of their plan. It is available to everyone from day one.

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