Published: 25 November 2019
Author: FINTECH Circle and KAE
Traditional banking products, such as savings and cash deposit accounts are being taken and enhanced by fintechs. The rise of online banks, such as Ally Financial, Wealthfront, Betterment and Robinhood, has led to an increase in high yield savings accounts. They compete by offering above market average interest, lower required minimum deposits and no monthly maintenance fees.
How can they do this? What effect does this have on the market?
Check out our video in partnership with KAE to find out more.
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