Learn how Truss calculates and credits interest on your account balance, how your rate is determined, and what to expect for your 1099-INT tax form — including when and how you'll receive it.

Your Truss account earns interest on your available balance. Interest is calculated daily and credited to your account monthly — no action needed on your part.

Your interest rate may vary based on account type and balance tier. You can view your current rate in the app under Account Settings.

Yes. If your account earns $10 or more in interest during the calendar year, you'll receive a 1099-INT tax form. Truss's banking partner will automatically mail the appropriate tax forms to the address on file in your account each year.
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To make sure you receive your tax documents without issue, if you need to update your mailing address, please contact our support team. Address updates require identity verification and cannot be made directly in the dashboard.
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We're working on an option to receive tax documents electronically in the future. For now, tax forms are mailed to the address associated with your account. We'll let you know when electronic delivery becomes available.
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If you believe you should have received a tax form but haven't by mid-February, please reach out to our support team at [email protected] or via chat, and we'll help track it down.
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Truss is a financial technology company and is not an FDIC-insured bank. Banking services provided by Thread Bank; Member FDIC. FDIC deposit insurance covers the failure of an insured bank. Certain conditions must be satisfied for pass-through deposit insurance coverage to apply.
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The interest rate on your account is 1.98% with an Annual Percentage Yield (APY) of 2.00%, effective as of 12/12/2025. Rate is variable and is subject to change after account opening. Fees may reduce earnings.