Maximum Checking through Meow is now 4.80%*
- Meow Technologies, Inc.
🚨 ANNOUNCEMENT: Maximum Checking through Meow is now 4.80%*
Last week, the Fed hiked rates by 0.25% making it the highest since 2001.
Why does this matter?
Rate hike = your business bank account should pay you more interest.
So we raised Maximum Checking from 4.55% to 4.80%.
But know what's crazy?
Tons of banks / fintechs still pay nothing.
The national average is 0.07%*.
On $5M, you earn $3,500 / year.
On $5M in Maximum Checking, you can earn $240,000 / year.
If you’re a startup stuck earning nothing, sign up for a Maximum Checking Account today.
National Average citation: https://www.businessinsider.com/personal-finance/average-bank-interest-rates
Meow is a financial technology company and registered investment adviser, not a depository, bank or credit union, and your account at Meow is not, itself, an FDIC-insured product. By opening a Maximum Checking account through Meow and if you choose to receive banking services provided by Grasshopper Bank, N.A, you deposit your funds into a deposit account at Grasshopper Bank, N.A. which sweeps those funds into deposit accounts across a network of FDIC-insured banks, for up to the current SMDIA of $250,000 per eligible depositor, per destination institution, for each ownership capacity or category, subject to applicable terms and conditions Grasshopper's ICS Deposit Placement Agreement. Grasshopper Bank, N.A. uses a third-party vendor and agent to help administer this sweep process. Visit https://www.intrafi.com/network-banks/ for a list of the banks and savings associations with which we/Grasshopper, N.A. have a business relationship for the placement of deposits at destination institutions, and into which your deposits may be placed (subject to applicable terms with you, and any opt-outs by Grasshopper, N.A. or you). The current limit for access to FDIC insurance on your funds through your Maximum Checking account powered by Grasshopper is $125 million, subject to change at any time by Meow. Terms and restrictions apply. Subject to applicable rate sheet. Interest rates and yields are effective as per the date on the rate sheet and are subject to change without notice. See applicable rate sheets. See our Account Agreements and other applicable terms. FDIC insurance is available to bank depositors up to $250,000 per eligible depositor, per FDIC-insured bank, per ownership capacity or category. FDIC insurance coverage is only available to protect you against the failure of an FDIC-insured bank that holds your deposits (and does not protect you against the failure of Meow or other third party). Terms and restrictions apply. See our Account Agreements. FDIC insurance is available to bank depositors up to $250,000 per eligible depositor, per FDIC-insured bank, per ownership capacity or category. Your account with Meow and all services provided to you are subject to the Meow Terms of Service (“Account Agreements”) and other applicable terms and no other representations or warranties, express or implied, are provided to you except as expressly set forth in those written Account Agreements. If you have any questions regarding your account, please contact firstname.lastname@example.org.