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Square to offer checking and savings accounts
source link: https://fintechranking.com/2021/05/24/square-to-offer-checking-and-savings-accounts/
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Square to offer checking and savings accounts
Square closed up 5.5% on Monday after Bloomberg News reported the payments company could offer savings and checking accounts in the near future.
The report said a code within a Square app update revealed the company’s plans including details about checking and savings accounts.
The hidden code uses rhetoric that leads Bloomberg to believe Square will offer a 0.5% interest rate for its savings account through 2021.
Read more: CNBC
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