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A comment on Simple Bank Is Closing. Parent comment

Re:Simple Bank Is Closing by chillacy on Friday January 08, 2021 @12:49AM (#25681912)
Here's a big one:

> We do not pay interest on account balances above $100,000

https://www.hmbradley.com/apys

[ Parent | on HN ]
Re:Simple Bank Is Closing by ramraj07 on Friday January 08, 2021 @04:04AM (#25682920)
That just means people with six figure savings won't use the service, it's still not clear how that helps them achieve profitability with such high interest rates
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