12 C
June 3, 2023
Finance Technologies

Aussie neobank Xinja loses 2.25% interest rate

Xinja, an Aussie neobank, has brought down the generous interest rate on its Stash accounts from 2.25% to 1.8%. The 2.25% interest rate made Xinja stand out amid its competition – challengers and incumbents alike – when it first launched its deposit Stash account in January. The interest is calculated daily and paid monthly. It hit AUD 100 million ($64.9 million) in deposits after just 19 days, going at a growth rate which will have turned the heads of Australia’s big four banks – ANZ, Westpac, NAB and Commonwealth Bank. Wilson points out that 1.8% is still “very competitive” Having…
Aussie neobank Xinja loses 2.25% interest rate

Related posts

Web browser Opera to buy digital challenger Fjord Bank

Amme Jhonson

GoCardless gathers payments pace with $75m funding

Amme Jhonson

Worldline completes $8.6bn acquisition of Ingenico

Amme Jhonson

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Privacy & Policy