The national average for a savings account is 0.4%. ONE is majority owned by Walmart while Coastal Community Bank acts as its charter holder.
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Walmart-backed Fintech ONE to Offer 5% Savings Rate: Report
Walmart-supported ONE will offer a 5% interest rate in savings accounts with up to $100,000 as competition in the consumer deposit market continues to rage, according to a source with information regarding the company. So reports Reuters.
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