For decades, earning points and miles has almost always required spending money. Whether you’re using the right travel credit cards, shopping through online portals, or taking advantage of dining programs, the formula has been the same: spend to earn. Symphony is looking to change that by introducing a savings app that lets users earn travel rewards simply by saving.

Symphony offers a fixed 5% APY, but unlike a traditional high-yield savings account, members can decide how they want to receive that yield. You can earn 100% cash, 100% points, or choose any combination of the two. For example, selecting a 50/50 split means you’ll earn 2.5% APY in cash and 2.5% APY in points, with both accruing continuously. Those points will soon become even more valuable, as Symphony plans to begin rolling out its first 15+ airline and hotel transfer partners in late August or early September, with all airline transfers expected to be at a 1:1 ratio.

Earn Travel Rewards Without Additional Spending

What makes Symphony stand out is that it creates an entirely new way to build transferable travel rewards. Rather than replacing your favorite travel credit cards or existing points strategies, it complements them by rewarding money you’re already planning to save.

To celebrate the upcoming launch of transfer partners, Symphony is also offering new members the opportunity to unlock up to 100,000 welcome bonus points. The bonus is based on a combination of your initial deposit during your first 30 days and eligible recurring monthly deposits, with bonus points unlocking over a 12-month period. Find out more about this offer here.

Is Symphony Safe?

It’s worth noting that Symphony is not an FDIC-insured bank account. Instead, eligible customer assets are protected through multiple layers of coverage, including SIPC protection through its licensed custody partners, supplemental excess coverage provided by Lloyd’s of London, protocol-risk coverage through Nexus Mutual, and a dedicated reserve fund. These protections are different from FDIC deposit insurance and are designed specifically for Symphony’s account structure.

Symphony also says it minimizes the sensitive information it stores. Identity verification and banking information are handled by established third-party providers, including Privy, Plaid, and Modern Treasury, while Symphony stores only the transaction records needed to operate your account.

A traveler stands inside a modern airport terminal smiling while checking a passport and boarding pass before departure.

Our Take

We’re always interested in new ways to earn transferable points, especially when they don’t require additional spending. Symphony fills a gap that hasn’t really existed in the points and miles space by rewarding the habit of saving instead of making purchases. As airline and hotel transfer partners begin launching in late August or early September, it’ll be interesting to see how this fits into the broader rewards ecosystem.

For travelers who already maximize credit card welcome bonuses, category spending, shopping portals, and dining rewards, Symphony could become another valuable way to earn points over time. If you’ve been looking for a way to grow your savings while working toward your next award trip, this is a launch worth keeping an eye on. New members can also take advantage of the up to 100,000-point welcome bonus while the promotion is available by downloading Symphony through our link.