For QuickBooks Checking members, 1.75% APY is earned on balances held across all envelopes (a savings tool inside your QuickBooks Checking account). To start earning APY, manually move money from your main account to a new or existing envelope. You will earn 1.75% APY on the average daily available balances distributed across your created envelopes. To spend money from an envelope, simply transfer money back into your main account and process transactions as normal. See Deposit Account Agreement for more details.