---
title: "Novo Business Savings Account Addendum | Novo"
description: "Novo is free business banking built for independent business owners. No monthly fees, invoicing, expense tracking, and payments—all in one place."
canonical: "https://www.novo.co/legal/savings-account-addendum"
---

## Novo Business Savings Account Addendum

Date November 13, 2026

[Novo Business Savings Account Addendum](https://cdn.sanity.io/files/qbkov2y8/production/2c55913b5849f1655d876411b27f0eceb9576eeb.pdf)

---

Copyright © 2026 Novo Platform Inc.

Novo Platform Inc. (“Novo”) is a fintech, not a bank. Banking services provided by Middlesex Federal Savings, F.A., Member FDIC. Eligible deposits are insured up to $5,000,000 per depositor through Middlesex Federal Savings, F.A., Member FDIC, and other banks in its sweep network.

The Novo Debit Card is issued by Middlesex Federal Savings, F.A., and the Novo Business Credit Card™ is issued by Continental Bank, pursuant to licenses from Mastercard® International Incorporated. Mastercard is a registered trademark of Mastercard International Incorporated and can be used everywhere Mastercard is accepted. Eligibility subject to final Novo determination.

The Novo Merchant Cash Advance is offered by Novo Funding LLC. Your eligibility for Novo products and services is subject to final Novo determination.

\*Earn 2% cashback on eligible purchases with a Novo checking account balance of $5,000 or more, and 1% cashback with a balance of under $5,000.

The Novo Business Loan™ is issued by Continental Bank. All loan approvals are subject to credit criteria and underwriting; terms and conditions apply. APR, loan amount, and repayment terms are based on your creditworthiness and will be disclosed at the time of your loan offer. You may prepay your loan in full or make additional payments at any time without penalty.

Paid customer testimonials reflect individual experiences.

Some links on this site may redirect you to third-party websites with different privacy and security practices. Novo is not responsible for the content or policies of external sites. Paid customer testimonials reflect individual experiences.

[Privacy Policy](https://www.novo.co/legal/privacy)

[Accessibility Statement](https://www.novo.co/legal/accessibility-statement)