Direct answer: The 6% is real but conditional. X Money's rate sheet (effective Oct. 12, 2026) shows 4.00% APY standard and 6.00% for Premium, Super or Ultra subscribers, legacy Premium+ subscribers, or with $1,000+ in qualifying direct deposits over a trailing 34 days. New York residents earn 0%. Deposits sit at FDIC-insured Cross River Bank.
By the numbers: X Money's posted rates: 4.00% APY standard (3.92% interest rate) and 6.00% APY boosted or with a qualifying subscription (5.83% rate), effective Oct. 12, 2026; variable and subject to change at any time. Source: X Money Stored Value Account Rates
“X Payments LLC is not an FDIC-insured bank. Deposit accounts are held at Cross River Bank, Member FDIC, and insured up to $250,000.” — X Money FAQ
Updated 2026-10-17
Yes, on X Money's own rate sheet (effective Oct. 12, 2026): 6.00% APY for Premium, Super or Ultra subscribers on The X Subscription and legacy Premium+ subscribers, or for anyone else who receives $1,000 or more in qualifying deposits within a trailing 34 days. Otherwise it's 4.00%. Rates are variable.
X Money says a Qualifying Deposit is an ACH direct deposit with SEC code PPD or an X Creator payout from Original Content Rewards, Creator Revenue Sharing or Creator Subscriptions. You need $1,000 or more in total within a trailing 34-day period.
X Payments LLC is not a bank and is not FDIC-insured. Your money is held at Cross River Bank (FDIC cert 58410), insured up to $250,000 if pass-through conditions are met. FDIC insurance covers the bank's failure, not X Payments' failure.
Through a sweep program run by IntraFi Cash Service that spreads deposits across participating FDIC-insured banks, up to $10 million per ownership category. X says there's no guarantee it keeps $250,000 or less at each bank, money you already hold at those banks counts toward the limit, and you can opt out.
No. X Money says New York residents don't get APY, interest or boosts. For New York residents who were earning interest, the rate became 0.00% on Oct. 1, 2026. A joint account with at least one New York owner earns no interest. X offers New Yorkers a $300 direct deposit bonus instead.
It can be. The 4.00% standard rate and the 6.00% rate are compared on this page with the highest standard APY in our tracked savings accounts, with dollar figures for $1,000, $5,000 and $10,000. All of these rates are variable.
The Cross River account agreement says an account opening bonus may be offered at its discretion, with the amount subject to change. We didn't find a bonus amount on any official X Money page, so we don't list one.
As of Oct. 17, 2026
The 6% exists, with conditions; the money is at an FDIC-insured bank; and the insurance covers the bank, not X. Which rate you'd get depends on your X subscription and whether $1,000+ of qualifying direct deposits (such as payroll) arrive within a trailing 34 days.
The math:
Sources: X Money rates · X Money FAQ · FDIC BankFind
A best fit for the situation described, not financial advice or a buy/sell recommendation. Partner links never change a pick.
| Who | APY | Interest rate | Condition |
|---|---|---|---|
| The X Subscription Free or Plus; legacy X Premium Basic, Premium, or no subscription | 4.00% | 3.92% | Standard |
| Same users with qualifying deposits | 6.00% | 5.83% | $1,000+ in Qualifying Deposits within a trailing 34 days |
| Premium, Super or Ultra on The X Subscription; legacy X Premium+ | 6.00% | 5.83% | Subscription |
| New York residents (and joint accounts with a New York owner) | 0.00% | 0.00% | From Oct. 1, 2026; $300 direct deposit bonus offered instead |
Interest accrues daily (daily balance method) and is paid monthly; there's no minimum balance, but a month must earn at least $0.01 to pay. Sources: X Money rates · X Money FAQ · X Money NY offer · Stored Value Account Agreement.
| Balance | X Money 4.00% | X Money 6.00% | EverBank 4.20% | 6% vs 4% |
|---|---|---|---|---|
| $1,000 | $40.00 | $60.00 | $42.00 | +$20.00 |
| $5,000 | $200.00 | $300.00 | $210.00 | +$100.00 |
| $10,000 | $400.00 | $600.00 | $420.00 | +$200.00 |
One year of interest at a constant APY: balance × APY (APY already includes compounding). X Money rates effective Oct. 12, 2026 (X Money rates). EverBank is the highest standard APY in our tracked savings accounts as of 2026-10-12 (source; full ranking). Every rate here is variable; before tax; New York residents earn 0% at X Money.
Sources: X Money NY offer · X Money FAQ · X Money rates
Sources: Stored Value Account Agreement · X Money FDIC conditions · X Money FAQ · X Money sweep disclosure · X Money home · FDIC BankFind · FDIC: third-party apps · Agencies' joint statement. Check your own totals with the FDIC / NCUA coverage checker.
Source: X Money FAQ. Compare apps: X Money vs Venmo · X Money vs Cash App.
Facts only, not advice. VaultRubric doesn't recommend opening or skipping X Money. Rates are variable; confirm your rate and terms in the app.
Yes, on X Money's own rate sheet (effective Oct. 12, 2026): 6.00% APY for Premium, Super or Ultra subscribers on The X Subscription and legacy Premium+ subscribers, or for anyone else who receives $1,000 or more in qualifying deposits within a trailing 34 days. Otherwise it's 4.00%. Rates are variable.
X Money says a Qualifying Deposit is an ACH direct deposit with SEC code PPD or an X Creator payout from Original Content Rewards, Creator Revenue Sharing or Creator Subscriptions. You need $1,000 or more in total within a trailing 34-day period.
X Payments LLC is not a bank and is not FDIC-insured. Your money is held at Cross River Bank (FDIC cert 58410), insured up to $250,000 if pass-through conditions are met. FDIC insurance covers the bank's failure, not X Payments' failure.
Through a sweep program run by IntraFi Cash Service that spreads deposits across participating FDIC-insured banks, up to $10 million per ownership category. X says there's no guarantee it keeps $250,000 or less at each bank, money you already hold at those banks counts toward the limit, and you can opt out.
No. X Money says New York residents don't get APY, interest or boosts. For New York residents who were earning interest, the rate became 0.00% on Oct. 1, 2026. A joint account with at least one New York owner earns no interest. X offers New Yorkers a $300 direct deposit bonus instead.
It can be. The 4.00% standard rate and the 6.00% rate are compared on this page with the highest standard APY in our tracked savings accounts, with dollar figures for $1,000, $5,000 and $10,000. All of these rates are variable.
The Cross River account agreement says an account opening bonus may be offered at its discretion, with the amount subject to change. We didn't find a bonus amount on any official X Money page, so we don't list one.
Estimates, not financial advice. Taxes, insurance, PMI and fees vary by lender, county and city; confirm with your lender, dealer and state agency before acting.