paint-brush
Are Rising Interest Rates Going to Propel Neobanks? by@adamame
4,596 reads
4,596 reads

Are Rising Interest Rates Going to Propel Neobanks?

by Adam Mark6mNovember 30th, 2022
Read on Terminal Reader
Read this story w/o Javascript

Too Long; Didn't Read

Neobanks are a fintech bank that focuses on its software and apps to streamline a more modern online banking experience. Average interest rates among high street banks in the US are around 3%. The last time the US Fed Funds Rate was this high was in 2008, a time when neobanks didn’t really exist. The search for “best savings account” has gone up by 300% in volume on Google in the U.S. Since then, they only have around 8% market share for current accounts in the UK.

Company Mentioned

Mention Thumbnail
featured image - Are Rising Interest Rates Going to Propel Neobanks?
Adam Mark HackerNoon profile picture
Adam Mark

Adam Mark

@adamame

Financial consultant

About @adamame
LEARN MORE ABOUT @ADAMAME'S
EXPERTISE AND PLACE ON THE INTERNET.
L O A D I N G
. . . comments & more!

About Author

Adam Mark HackerNoon profile picture
Adam Mark@adamame
Financial consultant

TOPICS

Languages

THIS ARTICLE WAS FEATURED IN...

Permanent on Arweave
Read on Terminal Reader
Read this story in a terminal
 Terminal
Read this story w/o Javascript
Read this story w/o Javascript
 Lite
Coffee-web
Allella
Jakobs
Serendeputy