Announcement: Meow’s 4.31% High-Interest Checking AccountFinancial services suck because of sneaky fees and snake-oil offers. We’re fighting back with the Costco-model for finance. The next step? Meow’s 4.31% High-Interest Checking Account.
Financial services suck because of sneaky fees and snake-oil offers. We’re fighting back with the Costco-model for finance.
The next step?
Meow’s 4.31% High-Interest Checking Account.
Here’s the breakdown and how this will disrupt financial services forever:
The legacy bank business model is a closely kept secret:
Your bank takes your Checking Account cash and loans it out to earn interest.
Rates were so low that paying you 0% vs. 0.01% on a Checking Account was meaningless.
But now rates are 4.50 - 4.75%.
And with a looming recession and investor pressure, large banks and fintechs saw a sneaky opportunity:
Print money by preying on customer ignorance.
Because here’s the secret…
Today, the Federal Funds interest rate is 4.50 - 4.75%.
So if your bank gives you 0% interest on your checking account.
They earn AT LEAST 4.5% on your deposit.
And you make nothing.
Now, how did this happen?
The legacy players have 1,000s of employees.
And the quickest path to profitability is to earn 4.5% on YOUR money.
Is this the best outcome for customers?
But these bloated businesses are stuck.
If they pay you interest, they will be bankrupt.
How does Meow fix this?
We’re sick and tired of a sneaky financial system.
So we’re fighting the bloated finance monopoly.
The next step?
Paying 4.31% interest to our customers.
Our High-Interest Checking Account is…
- FDIC Insured
- Free to use with no minimum balance
- Automatic integration with your employee payroll and bill pay
And 1-click automation with our 4.7%* US Treasury Bills offering custodied at BNY Mellon Pershing.
During times of financial turbulence, businesses deserve better.
Every percentage point of yield could save another layoff or extend your runway.
Our mission is simple:
Bankrupt the legacy players by keeping costs low and delivering the best deals to our customers.
Costco disrupted overpriced, bloated retail.
We’re bringing the Costco-model to financial services.
And who ends up winning?
Check out our resources
Every dollar can earn interest from a different source. All from one dashboard.
Apply in under 10 minutes
No paperwork. No commitment. Designed to get you back to building.