Another FinTech has come to the fore launching a current account.
In Brief:
The current account will offer customers 2% interest on up to £85,000.
It’s aimed at Gen Z and Millennials.
The account also works with New Tree Planted to plant two trees for every new customer.
What does this mean?
Kroo says that a large number of UK households have money sitting in non-interest bearing deposits so it aims to give people the chance to gain interest on their current accounts. It received a banking licence earlier this year.
Read more here.
