If you have a Flare Account, you can open an Optional Savings Account13 by making a direct deposit of at least $500 within one calendar month. There’s no minimum balance required to open a Savings Account.13 You’ll earn up to 6.00% Annual Percentage Yield on your Average Daily Balance up to $2,000. Then, for the dollar amount over $2,000, you will earn 0.50% APY.13