Earning Interest, Risk-Free
Last updated: October 3, 2024
Instead of having your security deposit sit in your landlord's bank account, Whale allows you to keep your money in your own account and earn interest.
Once you open your Whale account, your deposit will be held in cash in an account under your name. Whale places your money in an FDIC-insured, member SIPC interest-bearing cash account which allows your money to grow completely risk-free.
With Whale, you'll earn up to 3.2% (APY) interest, depending on market conditions.