SoFi and the neobanks reprice deposits as money-market yields stay sticky
The cheap-deposit story ends when the customer can still get 4 percent with a click.
Finance Reporter
Stacks of coins beside a growing plant
SAN FRANCISCO — The cheap-deposit story ends when the customer can still get 4 percent with a click.
Two digital banks said they have lifted promotional APYs on new high-yield accounts after outflows to government money-market funds resumed in the last statement cycle.
Priya Nair
Finance Reporter
Writes on banks, private credit, and the regulatory perimeter around nonbank lenders.
