Green Dot reveals savings account with a rate 30 times the national average

Posted by spking on Tuesday July 30, 2019 @10:04AM
from the cnbc.com dept.

https://www.cnbc.com/2019/07/30/online-bank-green-dot-reveals-savings-account-with-a-rate-30-times-the-national-average.html

( 3 comments | on HN )

Re:Green Dot reveals savings account with a rate 30 times th... by phyzome on Tuesday July 30, 2019 @10:18AM (#20565022)

So, what's the catch?

I currently have my money at a credit union with an abysmal rate, but all the banks I've looked at have terrible rates as well. What's Green Dot doing that's unsustainable or unethical? Because that's my suspicion.

[ Parent | on HN ]

Re:Green Dot reveals savings account with a rate 30 times th... by ljoshua on Tuesday July 30, 2019 @10:25AM (#20565074)

I don't know if there's a catch there, but there are several high-yield savings accounts that will get you above 2% interest rates. Usually it's just due to the fact that they are online-only, no branches to go into. A few off the top of my head: American Express Personal Savings, Ally, ING...

[ Parent | on HN ]

Re:Green Dot reveals savings account with a rate 30 times th... by naiaokami on Tuesday July 30, 2019 @10:08AM (#20564957)

This reads almost like a clickbait ad.

[ Parent | on HN ]