Mayfair - The 4% APY business cash account | Product Hunt
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The 4% APY business cash account
Mayfair
The 4% APY business cash account
Hi ProductHunt!
You've probably noticed that the rate on your personal savings account has skyrocketed in recent months. But the rate on your business's savings account?
Probably still close to 0%.
Why? The simple answer is that banks know it's too big of a hassle for businesses to switch banks just for better interest rates. As a result, they keep interest rates low even though businesses bring in larger deposits.
Mayfair eliminates this barrier and gives you the best of both worlds. Keep your existing bank account while earning 4% on your extra cash with Mayfair.
Our platform is powered by longtime fintech players: Stripe connects to your account and your funds are held at Evolve Bank and Trust, the same banking partner used by Mercury and Wise.
What's next? We're launching numerous improvements in the near future, including expanded FDIC insurance eligibility beyond what our clients already enjoy and supplemental high-yield options. But the law of compounding interest says the real winners will be the ones who get started today.
It's free-to-use: we do not charge fees on accounts you open or assets you hold through us.
To every founder who's been told by investors to "cut costs," "tighten your belt" and "stretch your runway," Mayfair is for you. Earning 4% APY translates to a lot of things for a lot of startups: maybe a few extra months of runway, maybe even a "free" hire or two. For some, it might even tip you into profitability.
Test us out with any amount this month and see what happens when your cash works for you.
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