16 March 2023

Kroo increases interest rate again to 3.33%

Written By FinTech Alliance

Kroo increases interest rate again to 3.33%

The digital bank will increase interest rates again on 1st April

IN BREIF:

- Kroo increased its interest rate to 2% at the end of 2022 and is now set to up it again to 3.33%

- Kroo customers can access the high interest rate from their current account

- The digital bank says it is committed to disrupting the legacy banking system by passing on fair interest rates to its customers

What does this mean?

“We truly believe in changing the banking industry for the better by providing customers with a fair deal and a straightforward, no strings attached experience they deserve from their bank,” Kroo CEO Andrea De Gottardo said. “That's why we've decided to further increase our current account interest rate in line with the Bank of England.”

Read more here.

Up Next ...
05 March 2024

UK payments platform Thredd appoints new CTO

Thredd has appointed Edwin Poot as its new global chief ...

05 March 2024

MicroStrategy’s $600mn offering to fund Bitcoin purchase

MicroStrategy, a leading software firm and prominent Bitcoin advocate, intends ...

05 March 2024

FinTech app Sibstar wins £125k on Dragon’s Den

FinTech app Sibstar wins £125k on Dragon’s Den to aid ...

04 March 2024

PensionBee to enter the US market

UK-based online pension provider PensionBee is to expand into the ...

More in FinTech

UK payments platform Thredd appoints new CTO

05 March 2024

Thredd has appointed Edwin Poot as its new global chief ...

FinTech app Sibstar wins £125k on Dragon’s Den

05 March 2024

FinTech app Sibstar wins £125k on Dragon’s Den to aid ...

FinTech Unicorns Unite

04 March 2024

New council to propel UK's global leadership in financial innovation.In ...

Marqeta exceeds $1bn in a single day

01 March 2024

Marqeta Exceeds $1bn in Single Day Total Processing Volume (TPV), ...

White Papers FinTech

Open Finance in Review: Looking back at 2023

28 November 2023

In this insightful report, OzoneAPI delve into the pivotal developments that have shaped the landsca...

White Papers FinTech

Fintech 2030: The Industry View

02 October 2023

Key findings from the report:Embedded finance is expected to dominate the industry in 10 yearsThere...

White Papers FinTech

Pulse of Fintech H2 2022 report

27 July 2023

UK FinTech investment falls 56% to £14.42bn in 2022After an incredibly strong 2021, with total FinTe...

White Papers FinTech

The Rise and Impact of Fintech in Latin America

29 June 2023

Fintech also provides tools to help manage these risks. Financial authorities and their supervisees...

FinTech's Pitch LIVE 2024

FinTech's Pitch LIVE 2024

19 March 2024 - 20 March 2024

10:00 AM - 05:00 PM

ExCel London, Western Gateway, Royal Victoria Dock, London, London, E16 1XL

Free