Introducing Wallets, a simple way for your customers to store and move money. Learn more.
Question

Do Unit's bank partners offer high-yield accounts?

Last updated:

March 5, 2024

1 minute

Answer

Yes. AngelList and Roofstock are two examples of high-yield accounts powered by Unit. (article continues below)

Apple’s high-yield savings accounts offer a competitive interest rate; it’s a strategic choice to drive new-customer acquisition.

That said, if you’re interested in offering high-yield accounts to your customers, then you should surface this topic early in discussions with Unit and potential bank partners.

In some embedded-banking relationships, the bank does not pay interest on balances held in embedded bank accounts. In others, the bank is willing to offer interest at near-market rates. 

Originally published:
July 17, 2023

Recommended articles

How do I earn revenue from interest on my customers’ deposits?
How is interest revenue calculated?
How do interchange fees work?

Bring financial features to life and start building — today