The Future of Idle Cash Held at Marketplace Lending Platforms
Investors can now earn more than 2% interest in a savings account given all the recent rate increases by the Fed. But idle cash sitting at marketplace lending platforms continues to earn zero. YieldStreet has become the first platform to offer interest on idle cash with their YieldStreet Wallet account paying 1.6%. The money is held at an FDIC insured bank and is instantly available to invest in new deals as they come on to the platform. Will more platforms follow the lead of YieldStreet and offer interest on idle cash? Source.