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Accounts API

Sponsored interest

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Today, we're excited to announce a new way to improve customer acquisition and retention by enabling customization of the interest rate provided on deposits to create more high-yield products. With sponsored interest, it’s now possible to offer interest to your customers at a higher rate than what the current bank-offered interest rate is. Currently, you’re able to specify the amount of interest to send to your customers, as long as it’s less than or equal to what the bank provides. Now with sponsored interest you’re able to offer rates higher than the bank provides to offer more compelling and guaranteed rates.

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For example, you may want to offer a "VIP" segment of your customers a higher interest rate than what’s currently provided. With sponsored interest you subsidize the interest for your customers when the bank offered interest drops below your specified amount.

If you’re interested in sponsoring interest for your customers contact your success manager.

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