December 9, 2023

Consumers Still Have Low Yield Savings!

Jim Stewart

Jim Stewart

CEO, Epic Research

Three Things We’re Hearing

A three-minute read

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Money Markets Expand as Savings Balances Shrink

Many Consumers Still Have Low Yield Savings Accounts

Card Balance Transfer Volume Grows

“During my time at Daylight, I got close with many other neobank founders and realized that everyone is facing the same problem: Customer acquisition is too expensive and the unit economics suck(emphasis ours)

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