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Protect and grow your cash in one place.

Rho Business Savings protects up to $75M in deposits with 1.50% yield and seamless internal movement between Checking and Savings.

Rho is a fintech company, not a bank. Checking and card services provided by Webster Bank, N.A., member FDIC; savings account services provided by American Deposit Management Co. and its partner banks.

"The Rho Savings Account has been a total game changer for us as we looked to diversify our funds."

Andy CloydCEO & Co-Founder

Maximize Protection. Earn Interest. Stay Liquid.

Secure up to $75M in deposits

Your funds are spread across 400+ FDIC-insured banks via American Deposit Management for up to $75M in coverage.

Move funds when you need them

Seamless transfers between Checking and Savings to maximize your 1.50% yield and maintain capital liquidity.

Track every dollar in one place

Gain real-time visibility into balances, earned yield, and coverage–all within your single, consolidated Rho account.

How it works

Fund your Rho Checking Account

Get set up in minutes with dedicated support and make your first deposit into your operating account.

Set up your Rho Savings Account

Once your Checking Account is live, seamlessly open your Savings Account, powered by ADM, to secure up to $75M in FDIC coverage.

Earn up to 1.5% yield on cash

Earn yield on idle cash while maintaining full protection and accessible funds movement between Checking, Savings, and Treasury.

Make managing your cash effortless with Rho

A list of three financial transactions with amounts, recipient email addresses, and "Send" buttons for Apple Inc., Invoice, and Staples.

  • Manage Checking, Savings, and Treasury in one platform built for founders.

  • Protect up to $75M in deposits across 400+ FDIC-insured banks.

  • Earn competitive yield on idle cash with next-day liquidity.

  • Move funds instantly between accounts—no manual transfers.

  • Get real-time visibility into balances, coverage, and yield.

  • Centralize reporting for founders and finance leads in one view.

FAQs

General

Up to $75M in FDIC insurance per entity. Your deposits are automatically spread across a network of more than 400 FDIC-insured banks, so each portion stays within the $250K limit. You get expanded protection without managing dozens of accounts yourself.

Yes. Savings works alongside Rho Checking so you can move funds instantly, maintain clean cash visibility, and use one platform for banking, spending, bill pay, treasury, and accounting.

Rho expands your FDIC coverage by partnering with The American Deposit Management Company (ADM). ADM places and manages your funds across a wide network of more than 400 FDIC and NCUA-insured institutions. Your balance is automatically distributed so no single allocation exceeds the $250K insurance limit at any institution.

You see one unified balance in Rho, while ADM handles the diversification in the background. This gives you seamless access to up to $75M in federal deposit insurance without opening or managing multiple accounts yourself.

Yes. Savings account services and up to $75M in FDIC insurance are provided by American Deposit Management Co. and its partner banks. Rho is a financial technology company, not a bank or an FDIC-insured depository institution. The FDIC's deposit insurance coverage only protects against the failure of an FDIC-insured bank that holds your deposits and is subject to FDIC limitations and requirements. It does not protect you against the failure of Rho or other third party. For more information on deposit insurance, please visit the FDIC website.

We’re ready

when you are.

Rho is a fintech company, not a bank. Checking and card services provided by Webster Bank, N.A., member FDIC; savings account services provided by American Deposit Management Co. and its partner banks.