Tide currently has 150,000 small business accounts; now small businesses will get access to new features such as overdrafts made...
We’ve been hosting virtual content sessions for the past few months in order to help our community stay ahead of...
We’ve been hosting virtual content sessions for the past few months in order to help our community stay ahead of...
In news of cross-selling financial products across categories, roboadvisor Wealthfront has gathered a nifty $1 billion of deposit assets for its 2.29% interest-yielding non-bank cash account. Given that the firm has a little over $10 billion in managed investment assets, charges somewhere between 0 and 25 bps on those assets, and took years of wiggly pivoting to get to the current stage, it is fair to consider this influx a big win in terms of client traction. It is also $22 million of annual interest payments. A couple of things come to mind that are worth pulling apart.
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