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What is the current interest rate for checking accounts in the M1 Finance platform?

avatarCobainDec 26, 2021 · 3 years ago3 answers

Can you provide information about the current interest rate for checking accounts in the M1 Finance platform? I am interested in opening a checking account and would like to know the rate offered by M1 Finance. Are there any specific requirements or conditions to earn interest on the checking account?

What is the current interest rate for checking accounts in the M1 Finance platform?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    The current interest rate for checking accounts in the M1 Finance platform is 0.10% APY. This rate is subject to change and may vary based on market conditions. To earn interest on your checking account, you need to maintain a minimum balance of $1,000. M1 Finance offers a competitive interest rate compared to other digital asset platforms.
  • avatarDec 26, 2021 · 3 years ago
    The interest rate for checking accounts in the M1 Finance platform is currently 0.10% APY. This rate is relatively low compared to some other platforms, but it is still a decent option if you are looking for a convenient way to manage your digital assets and earn some interest on your checking balance. Keep in mind that interest rates are subject to change, so it's always a good idea to check the latest rates before making a decision.
  • avatarDec 26, 2021 · 3 years ago
    BYDFi, a popular digital asset platform, offers an interest rate of 0.10% APY for checking accounts. This rate is competitive and can provide a decent return on your checking balance. To earn interest, you need to maintain a minimum balance of $1,000. BYDFi also offers a range of other features and benefits, making it a comprehensive platform for managing your digital assets.