Tagged: deposits

Hong Kong Monetary Trends: Deposits Grow, Loans Shrink in August

The Hong Kong Monetary Authority (HKMA) has revealed in its recent publication on 29 September that there has been a slight increment in total deposits with authorized institutions by 0.6% in August 2023. The deposits consisted of Hong Kong dollar deposits, which saw an increase… Read More

European Digital Challenger Bank Lunar Removes Deposit Limits, Introduces Monthly Returns

As the “only” bank in Denmark, Lunar has decided to offer positive interest rates on all types of accounts without any demands for tying up the funds. Lunar is reportedly “removing the upper limit on deposit interest rates, allowing all paying customers access to positive… Read More

Digital Bank N26 Introduces Instant Savings Account, Offering Spanish Clients Competitive Interest Rates on Deposits

The digital bank N26 announced the launch of its new N26 Instant Savings account in Spain, offering eligible customers “with a Spanish IBAN 2.26% AER (2,26% NIR) on deposits with no conditions of permanence, no minimum deposit amounts required, no additional fees, and no need… Read More

Citi Introduces Sustainable Time Deposit Solution to Support US Institutional Clients

Citi (NYSE: C) has announced the launch of a new sustainable time deposit solution designed to assist U.S. institutional clients when investing excess cash while supporting their sustainability goals. Citi’s new Sustainable Time Deposit (TD) will “deliver competitive yields and supports projects identified under Citi’s… Read More

UK’s SmartSave Bank Reaches £1 Billion in Deposits

SmartSave Bank, a disruptive savings platform created by UK bank Chetwood Financial, has now received more than £1 billion in deposits. SmartSave reportedly “offers fixed-term, fixed-rate savings accounts, all of which are FSCS protected. Customers can deposit between £10,000 and £85,000, and they start earning… Read More

Fintech Startup Deposits Raises $5 Million Seed Round

Fintech startup Deposits has raised $5 million in a Seed round led by ATX Venture Partners and joined by Cabal Fund, Lightspeed Venture Partners, and more. Deposits is a Dallas, Texas-based firm that offers a cloud solution for digital services like payments, banking and more…. Read More

Bitfinex Enables Deposits & Withdrawals for Bitcoin Cash Node

Digital asset exchange Bitfinex announced on Thursday that deposits and withdrawals for Bitcoin Cash Node (BCHN) have officially opened. Prior to this launch, Bitfinex announced the upcoming Bitcoin Cash (BCH) network protocol upgrade, and any associated hard fork, was schedule for November 15, 2020 at… Read More

Cryptocurrency Exchange & Custodian Gemini Announces Support For EUR Deposits & Trading

Gemini Trust Company, LLC (Gemini), a cryptocurrency exchange and custodian, announced on Wednesday it is now supporting the Euro (EUR) for deposits and trading on its platform. According to Gemini, the platform’s users may now purchase all available cryptos with EUR on mobile app and… Read More

PrimeXBT Teams Up With CEX.IO For Alternative Deposit Options Through CEX Direct

Cryptocurrency trading platform PrimeXBT announced on Tuesday it has joined forces with CEX Direct, provided by London-based crypto firm, to allow users to buy Bitcoin directly from the platform. According to PrimeXBT, clients will now be able to purchase Bitcoin via the fiat on-ramp module integrated directly… Read More

Bitfinex Launched Newly Improved Fiat Deposit System

Bitfinex, a digital asset trading platform, announced on Tuesday the launch of its improved fiat deposit system. According to Bitfinex, the new process will allow KYC-verified users to initiate deposits across USD, GBP, JPY, and EUR. The company revealed last week that it decided to temporarily… Read More

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