Just 6 out of the largest 60 financial institutions did not charge any service fees during 2022 year.
| Financial Institutions | YoY % | Accounts | YoY % |
|---|---|---|---|
| 6 | ↓ 33% | 10M | ↓ 26% |
Treasury Bills or T-Bills are short-term securities with maturity of one year or less. Bills are sold at face value or at a discount from the face value. When they mature, you're paid the face value.
A money market fund is a type of mutual fund that invests in highly liquid, short-term debt securities, such as U.S. government securities, and/or repurchase agreements that are collateralized solely by U.S. government securities or cash (collectively, government securities).
Startup banking provides an integrated stack of technology and financial services facilitating money management as well as connectivity between third-party apps and banking services.
High-yield savings account is a savings account with higher interest rate than traditional savings accounts, usually offered online-only.