Uphold
September 5, 2024
Uphold Unicorn News - September 05, 2024
Uphold introduces new USD Interest Accounts offering up to 5% APY, integrated directly into their app with FDIC insurance up to $2.5 million. This move aims to meet the demand for high-interest savings options among users.
() Introduction
() Uphold Introduces FDIC-Insured USD Interest Accounts with up to 5% APY
On September 5, 2024, Uphold, a global web3 financial platform, announced the launch of USD Interest Accounts offering up to 5% APY. These accounts are integrated into the Uphold app and come with FDIC insurance up to $2.5 million for participating funds. U.S. users can sign up through the app, which features no subscription fees, no lock-ups, and instant settlement, allowing for immediate fund withdrawals. This initiative addresses a significant market demand, as nearly 50% of Uphold's current customers have shown interest in high-interest savings accounts.
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