by Milind Mehere | Founder & CEO
As many of you know, we have returned over $200M in principal and interest back to our investor community. It started with our community asking us, why are you returning my money so fast? The investments get subscribed quickly, I want to hold the money at YieldStreet and be positioned to reinvest it. That’s how YieldStreet Wallet was born. We partnered with an FDIC insured bank and launched YieldStreet Wallet a few months ago. Since then, over $300M has transacted through our Wallets.
But we didn’t stop there. We asked ourselves, how could we create the most value for our investor community? if our customer’s money is sitting with us, why can’t it earn interest? A few weeks ago, we announced that any balance held in YieldStreet Wallets for accredited investors will earn 1.45% interest. Soon we plan to offer YieldStreet Wallet to everyone who registers on the platform.
But our promise to you is that you will not have to ask, “is this the best rate I can get?” As the rates move up, we will proactively work with our banking partners to move up the Wallet rate for you, in real-time, without you needing to ask or shopping around like you may need to do with your current financial institution. We have you covered.
We are built on the belief that you should make the most out of your money regardless of your net worth and we will continue to bring you investment products designed to do just that.
Ready to Upgrade Your Cash? Sign up for YieldStreet Wallet here.
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