Worthy Financial, an investment platform that offers securities under Reg A+, says that it has increased the yield on its bonds to 5.5% or 5.65% as of April 1, 2023.
The company offers Worthy Property Bonds, an SEC-qualified real-estate-backed debt product that is available to retail (non-accredited) investors. Investors may participate in the offering for as little as $10. Recently, the US Federal Reserve increased benchmark raise, compelling lenders (banks) to increase their rates. Unfortunately, at the same time, many banks have been reticent to pass these rate increase to savings account holders.
Dara Albright, CMO of Worthy Property Bonds, said they are pleased to be able to offer a “stable and liquid interest-bearing alternative to all investors” during the tumultuous economic environment.
Sally Outlaw, CEO of Worthy Financial, noted that while not FDIC insured, her company aims to reduce risk and that the Property Bonds do not have long-term interest rate risk like long-term Treasuries.
“Worthy Property Bonds invests in secured and short-term real-estate loans, and also shares a much more substantial amount of the interest proceeds with its investors. This investor-friendly mindset has enabled Worthy to amass a sizeable community of loyal customers.”
Worthy aims to provide an alternative for investors that enables consumers to grow their savings.
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