Tagged: interest rates

September 20, 2022 @ 2:06 pm By JD Alois  |  

The Federal Reserve is meeting this week to determine interest rates and the odds on favorite is for a 75 basis point increase to the benchmark rate. While it could go higher – perhaps 100 bps – most market observers believe 75 bps is already… Read More

March 30, 2022 @ 8:05 am By Tony Zerucha  |  

While popular with consumers, buy now, pay later (BNPL) services also confuse them, results of a survey commissioned by BNPL firm Zilch suggest. Zilch plans on launching later this spring. BNPL has been used by 31% of consumers, but many folks do not understand how… Read More

March 24, 2022 @ 8:33 am By Omar Faridi  |  

Croatian lender Robo.cash notes that as a result of the FRS rate increase, they are now raising interest rates “on all types of loans.” As noted in the update from Robocash, the new rates “will range from 10% to 13%.” The updated detailed breakdown by… Read More

March 23, 2022 @ 8:48 am By Omar Faridi  |  

For the first time in “a long time,” loan investments with mid-teen interest rates (in EUR) are being offered on Mintos – with over €10 million of loan investments “added at 13%+ in the past 2 weeks.” Higher interest rates are “being offered by multiple… Read More

March 17, 2022 @ 10:05 am By JD Alois  |  

As inflation rages higher, the Bank of England announced it was raising its benchmark rate by 25 basis points to 0.75%. One voting member preferred to leave rates unchanged. The BoE said that developments since the February Report are likely to accentuate both the peak… Read More

March 2, 2022 @ 8:14 am By Omar Faridi  |  

Germany’s banking challenger N26 should be ready for an initial public offering (IPO) by the end of this year, according to co-CEO Maximilian Tayenthal, Maximilian told CNBC that by the end of 2022, N26 should be “structurally IPO-ready,” During an interview with the media outlet… Read More

February 1, 2022 @ 8:05 am By Omar Faridi  |  

Leaving the Coronavirus outbreak to one side, the BTL sector is in “good health,” according to an update from Landbay. The value of the private rented sector (PRS) in England, Wales and Scotland surged by 5.8% to £1.4 trillion during the past year, according to… Read More

December 23, 2021 @ 3:08 pm By Tony Zerucha  |  

Fractional real estate investment should continue to grow in 2022 as it is shaped by five trends, Andy Zhao said. Zhao is the CEO of Ark7, a fractional real estate investment platform offering passive income and value appreciation opportunities. He has managed a wide range… Read More

July 21, 2021 @ 11:49 am By JD Alois  |  

Savings interest rates have hit record lows says Raisin citing ECB data. According to the ECB, retail interest rates in the eurozone have dropped to 0.16% on average, the lowest average interest rate on record.  If you are a corporation, things get worse as businesses… Read More

February 25, 2021 @ 9:13 pm By Samantha Hurst  |  

  Cross-border savings and investments marketplace Raisin announced on Wednesday it has expanded its partnership with digital bank N26 to extend N26 product portfolio with EasyFlex Savings, a flexible overnight deposit with an interest rate of 0.21% p.a., a top offer in the German market. The European… Read More

December 30, 2020 @ 9:47 pm By Omar Faridi  |  

The team at Blend Network, an online peer to peer (P2P) property lending platform, notes in its latest monthly market pulse report that one of the very few, seemingly positive headlines of this year is Britain becoming the first country to license a “fully tested”… Read More

November 25, 2020 @ 5:20 pm By Omar Faridi  |  

Los Angeles-headquartered banking challenger, HMBradley, had introduced its own digital banking platform in April 2020. As previously reported, the new platform was developed to reward savers. HMBradley recently finalized an $18.25 million Series A funding round that was led by Acrew Capital (which also invested… Read More

November 16, 2020 @ 11:53 pm By Omar Faridi  |  

Simon Rabin, Founder and CEO at London-based Chip, a financial services firm that automatically stashes away what consumers can afford so they can “spend it on things that really matter,” notes that there may be a potential opportunity to enter the wealth-building space. Rabin’s recent… Read More

October 17, 2020 @ 6:26 pm By Omar Faridi  |  

Australian neobank Volt has confirmed that it’s planning to reduce the total interest rate on its Save account. The bank will slash the current rate by 20 basis points, so it will be lowered from the current 1.45% p.a. to 1.25% p.a. This new rate… Read More

October 12, 2020 @ 10:13 pm By Omar Faridi  |  

Neobanks have been finding it quite challenging to maintain their competitive deposit rates. During the past few weeks, three Australian neobanks have reduced their rates and two of them have placed limits on the balances on which they’ll pay higher interest. Australia based digital bank… Read More

August 8, 2020 @ 6:44 pm By Omar Faridi  |  

Even though interest rates offered by challenger banks or neobanks in Australia (and globally) are generally higher than those offered by incumbents, Mozo reports that these all-digital banking platforms have been lowering their rates. Analysis performed by Mozo reveals that three neobanks were forced to… Read More

July 28, 2020 @ 7:52 am By Omar Faridi  |  

Fintech lender and digital bank Zopa has provided rates for its fixed-term savings accounts and noted that current investors that express interest will get a chance to receive exclusive products. Zopa clarifies that these rates are available only to investors and not necessarily what will… Read More

July 13, 2020 @ 9:10 pm By Omar Faridi  |  

Australian neobank UBank, a leading digital challenger, has reportedly reduced its home loan rate to its historical low. UBank’s management noted that they’ve made a 0.10% to 0.15% per annum out-of-cycle reduction to the bank’s variable home loan rates. New property owner and occupier home… Read More

June 8, 2020 @ 10:11 am By JD Alois  |  

Fintech Raisin has distributed a report on European interest rates. Raisin provides a service that enables consumers to compare and select higher rate return savings accounts. Raisin notes that the savings rate has risen during the COVID-19 crisis, meanwhile inflation and interest rates are down,… Read More

May 18, 2020 @ 10:35 pm By Omar Faridi  |  

Indian Fintech firms that issue loans to SMEs have welcomed the government’s efforts to provide greater liquidity to the banking system. However, financial technology companies are concerned about the poor monetary transmission by local banks and the capping of interest rates. India’s non-bank lenders have… Read More