It’s time to think different about your Contracting and Financial workflow...

CNBC reports that the savings account won’t have any fees and will not require a minimum balance to open. It offers a savings rate of 2.03 percent APY, which is about 22 times higher than the average of national accounts.

The new savings feature will be available on Oct. 28.

“The thought of opening a new account or downloading another app can feel overwhelming – and we know inertia is one of the biggest barriers to financial progress. When we built Credit Karma Savings, we wanted to develop a product that made opening a savings account as easy as possible for our members,” said Jagjit Chawla, general manager of savings and tax for Credit Karma, in a release. “We’re also making it possible for members to see the power of high-yield savings with our savings simulator, which shows how your money could grow over time.”

We use cookies 🍪 to provide the best experience. By clicking “Accept”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. For more information on cookies and your options see our Cookie & Privacy Policy.