Purpose is a financial technology company, not a bank. 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 November 1, 2022. APYs are variable and subject to change. Fees may reduce earnings. See our current Rate Sheet for details. ³ Figure based on Piermont Bank loan portfolio as of 3/31/22.