A good opportunity to get persistent cash flow
I actually found this high yield checking account Enzo when I was browsing Instagram. Enzo is a new fintech that is in Beta offers an interesting rewards program, they have raised $3 million according to Crunchbase.
I joined this program early this year and got a $100 sign-up bonus. Then I haven’t taken care of this account until recently I received an email saying they are going to boost the interest of their checking account to 2.15%(Current rate:1.49%, already pretty good) on August 1, 2022, and may increase it to 3.1% for first 25,000 users(which is called Found Member) if they can reach 25,000 users.
So far Enzo only accumulated 5900 users. So if you can join now, you will be the Found Member for sure and have a 3.1% interest once they reach the milestone.
You can visit their website for more information. The checking account is FDIC insured by Blue Rider Bank.
Besides the high interest, Enzo also offers rewards when you use the checking account to spend:
Rent 2% cash back is capped by $20/month and $150/year.
Also, All Enzo Deposit Account members can now earn 1% cash back for qualifying PayPal purchases up to a maximum of $2,500 per calendar year.
And there is no fee to worry to use this account!!
My view of this account is no harm to try. If they can reach a 3.1% rate with no requirement, it should be the easiest way in the market with such a high rate. Previously I used HM Bradly, which had a 3% rate for a while, but now it needs to have its credit card and spend $100 per month to achieve this rate.