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Cadre Introduces Cash Savings Account for Qualified Investors
Technology-driven real estate investment platform Cadre launched Cadre Cash, a cash savings account with an annualized reward of 3%. The Lower Manhattan-based company said the reward is 4.0x higher than leading banks and 60x the national average.
Qualified individuals who invest in Cadre’s real estate offerings on Sept. 21 or later will earn an annualized reward of 3% on their Cadre Cash savings deposits for an initial period of 12 months. Cadre Cash savings account balances are eligible to be insured by the FDIC up to an amount of $750,000 through its partner banks.
“In a volatile economic climate marked by low growth and low yield, investors are looking for safety, liquidity, high growth and high yield,” said Ryan Williams, CEO and co-founder of Cadre. “With the introduction of Cadre Cash, we will uniquely offer all of these benefits to those individuals participating in the Cadre Cash program.”
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- ◦Financing
