15% Off Unifimoney Coupons | Apr 2025

What interest rate does the average user earn?

Historically (e.g. last year), the average checking account in the US pays 0.05% and the average so-called "savings" account pays little more at 0.09%. Due to Covid-19, the Fed effective rate has rapidly fallen to around 0.05%. At Unifimoney, they help users' money work for them and, even in a low interest market, they seek to offer the highest possible interest rate on their DDA checking account. Their high-yield checking account pays savings levels of interest-not the average "savings" account but closer to the Fed effective rate which you can find that info here. By having a single account with all your deposits in one place, you don't lose interest by having funds sitting idly in a checking account paying little to no interest. Sadly, there is over $12 trillion sitting in accounts paying basically nothing right now.

How does Unifimoney increase user returns?

They increase returns on your money through product design and pricing. A high-yield checking account means all your money is always earning interest. Automated dollar-cost averaging means that market timing risk is managed for investments. Because they keep their costs so low, they can afford to give more back to users-increasing deposit interest and cashback with fee waivers for meeting direct deposit and minimum balance requirements.

How does the credit card cashback work?

With a digital-only focus, Unifimoney is going to be most attractive to those who are very comfortable with technology. They have designed the credit card cashback to reward online and mobile spend, because it's where their users are spending most of their money. The cashback is split in two-half is earned as you go and the other half is earned at the end of each quarter when minimum spends are reached. The reason they do this is that the card and account economics only work if Unifimoney is your primary card. In most credit card portfolios, a high proportion of cards are inactive, which means the most active users end up subsidizing the least active. By ensuring the benefits of their card are only enjoyed by active users, the entire membership benefits and it's fairer.