Banking services are provided by Piermont Bank, Member FDIC. The Purpose Mastercard® Debit Card is issued by Piermont Bank, Member FDIC, pursuant to license by Mastercard International Incorporated. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. Spend everywhere Mastercard® debit cards are accepted.
¹ Conditions and exceptions apply — see Deposit Account Agreement.
² Annual Percentage Yield (APY) as of July 1, 2021. APYs are variable and subject to change. 4x based on national average of 0.03% from the monthly rate cap as of 1/18/22. See our current Rate Sheet for details.
³ Figure based on Piermont Bank loan portfolio as of 3/31/21.