In view of the situation the world is going through because of the COVID-19 Coronavirus and the impact it is having on people’s financial stability, banks are trying their best to cope with the new situation and give their customers some solutions.
But the new players in the market, the Fintechs like iBAN Wallet, have easily adapted in order to give real opportunities for those in search of options for this unusual time.
Unlike traditional banking, Fintech has consolidated itself as more efficient and less complicated. Traditional banking offers its services to a small sector of the population, unlike Fintechs, which, thanks to the wide range of people they serve, make the procedures for acquiring a financial service more flexible.
Iban Wallet adapted itself with investment accounts that better suit customers’ shorter term view of the market. Liquidity on your savings is an essential component of today”s situation and therefore offering lower term investment products becomes highly attractive for people whom uncertainty is still real while still being able to get a projected fixed return on their money – differently from what traditional banks are offering through savings accounts.
As an example of their agility and quick response to adapt to the new circumstancesIban Wallet just launched 3 new investment accounts that give higher returns within shorter investment terms. It has announced a 30 days, 90 days and 180 days term investment accounts with projected interest of 2.6%, 2.7% and 2.8% respectively., Customers can now plan ahead and still have the flexibility that characterizes Iban Wallet.
As a technology driven company, Iban Wallet has a low cost structure that allows the platform to generate more interest than traditional banks and all returns accumulated are paid daily so you can watch your money grow day by day.