Business Wire
The Marygold Companies, Inc. (“TMC,” or the “Company”) (NYSE American: MGLD), a diversified global holding firm, today announced that its Marygold & Co. (“Marygold”) subsidiary has introduced the latest feature of its recently developed mobile fintech banking app—a Cash Management Account with a return of up to 6%.
“Launch of the new digital savings Cash Management Account feature represents an important step in our mission to streamline and organize clients’ financial lives, in one user-friendly mobile app,” said Nicholas Gerber, TMC’s and Marygold’s Chief Executive Officer. “Serving as one of the nation’s newest and most intuitive money management tools, the Marygold app virtualizes payments, savings, banking and investing, combining all the services needed to manage one’s financial life.”
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“Launch of the new digital savings Cash Management Account feature represents an important step in our mission to streamline and organize clients’ financial lives, in one user-friendly mobile app”
The Company believes the (up to) 6% offering, which will be available through June 30, 2025, or once a cumulative total of $100 million in assets under management is attained, is among the highest currently available in the United States. In addition to the new Cash Management Account, other features of Marygold’s app include:
- Money Pools: Allowing users to create individual accounts for each of their financial goals, so they can easily track their progress. A built-in investment calculator provides suggestions for pre-set investment portfolios, curated to suit users’ individual goals.
- Spending Limits: Setting personalized card limits that users can control. Setting daily, weekly, and monthly limits on cards tailored toward the unique needs of customers, solidifying their budgets.
- Money Management Tools: Facilitating one central hub to collate financial goals, enabling users to have an at-a-glance view of their savings habits. It also provides the ability to send and receive money to anyone in the United States, with no need for the other party to also have the app.
The app was introduced to the U.S. market in late 2023, developed completely in-house over approximately four years of dedicated technology investments and testing. Gerber said its wholly owned subsidiary, Marygold & Co. (UK) Limited, is preparing to launch a version of the app adapted for the U.K. banking system in the near-term. The Marygold app is currently available only to U.S. consumers and can be downloaded in the AppStore for iPhone and Android cellular phones.
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