Summary: Brex lowers cash yield to 3.85%

Why It Matters: Brex changed the interest rate it offers on cash. This could affect how attractive their cash management service is to customers.

What Changed:

• The stated yield for "Banking and treasury" changed from 3.88% to 3.85%.
• The stated yield for "Maximize your spending power" changed from 3.88% to 3.85%.
• The stated yield for "Best-in-class treasury" changed from 3.88% to 3.85%.
• The effective date for the yield and additional return in the footer changed from 12/12/25 to 12/15/25.