FINTECH | CRYPTOCURRENCY
We were looking for a mobile banking app to consolidate our banking and cryptocurrency when we discovered the hi mobile banking app
We looked at a few traditional banks like Wells Fargo, Merrill Lynch, and Charles Schwab, plus some non-traditional exchanges such as e-Toro, Robinhood, and Cash App. None matched the compatibility and convenience of hi.
Hi mobile banking app combines the convenience of mobile banking with the strength of institutional banking but allows you to trade, send, invest, and earn cryptocurrency.
You can sign up in seconds on Android or Apple to join the 3 million global users earning crypto daily with no minimum deposit.
What We Don’t Like About Traditional Banks
Fees, fees, more fees, and very little interest money was paid to us on the money they held.
According to Bankrate, the best we can expect for interest from our standard savings is 0.06%, yet inflation is currently estimated at 7.87% for Feb 2022.
Even the Lending Club’s high yield savings with a minimum of $2,500 balance will only get us 0.70%. Some might even give you a 1.2% annual percentage yield (APY) on a 5-year certificate of deposit (CD).
That’s still 6.61 percent that will get eaten by inflation, and if you need to withdraw early due to an emergency, your penalty could be six months to a year of interest.
How can we expect to get ahead by savings if inflation robs us of between 7.17 to 7.81 percent?
Plus, those same banks…
