I’m on the waiting list for dozens (because I need to be on 2 lists at all times).
They bill themselves as an everyday account, savings account and money manager offering 3.14% on the everyday account and 5% on the savings. E money license at the moment, aim to apply for a banking license in 2020.
If all this is sounding like similar to what robinhood were offering last week, and a money market fund, then I don’t know, I asked but my question wasn’t answered. So I assume it is.
The savings is a bond and is a bit confusing. They say they place an equal amount to that which you’ve deposited into a ring fenced account in case of default but then give the standard investment warning about the value may go down.
Anyone got any thoughts?