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Fierce Finance - Just launched
Posted on 2/9/23 at 7:26 am
Posted on 2/9/23 at 7:26 am
A few people in the industry up here have mentioned this app to me over the past few months because it has a very attractive yield on cash and can earn yield on stocks. Looks like it launched yesterday. Going to check it out.
LINK
LINK
quote:
Fierce provides customers with best-in-class financial offerings all in one beautiful yet powerful app that helps them feel more confident with their finances. Unique to the company’s offerings is the Fierce Cash account — an FDIC-insured checking account that earns an industry-leading current rate of up to 4.25% APY, where cash is available 24/7 via a no-fee debit card with access to over 55,000 fee-free ATMs. Unlike other offerings, Fierce does not charge monthly fees or impose restrictions that lock up your cash in order to access top-tier rates. With Fierce, customers can get a rate like no other, with no fees, and also have the ability to earn interest on owned stocks.
4
Posted on 2/9/23 at 8:14 am to MSTiger33
This type of thing always seems to good to be true. haha Keep us updated on what you think!
Posted on 2/9/23 at 8:34 am to BayouBengal23
quote:
CEO/Founder Rob Cornish was the CIO of the New York Stock Exchange, the CIO of the International Securities Exchange, and the CTO of Gemini Trust Company
Guy worked for Gemini so he knows about unsustainable yields.
Funny the don't even offer crypto products yet. Guessing they might wait for all the regulation to come down first.
Posted on 2/9/23 at 9:16 am to BayouBengal23
quote:
This type of thing always seems to good to be true. haha Keep us updated on what you think!
These are always too good to be true. They have high teaser rates as the new kid on the block then immediately drop them not long after. Seen this happen so many times with high yield savings and checking accounts with new kids on the block banks. They offer rates as good or better than anyone else then over time they lower them to more normal levels they can sustain (or else they just eventually run out of business because they cant sustain the higher than others rates).
Posted on 2/9/23 at 12:16 pm to MSTiger33
quote:Sounds like they're partnered up with a shorting hedge fund.
and also have the ability to earn interest on owned stocks.
Posted on 2/9/23 at 7:31 pm to MSTiger33
quote:
Fierce Finance
Sounds like they are targeting the feminist market.
Posted on 2/9/23 at 8:07 pm to La Place Mike
On the next episode of American Greed.
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