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HYPE launches deposit accounts



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HYPE launches deposit accounts


The more than 1.5 million customers in Italy of Hype from today they will also be able to use the service of deposit accounts. A tool to strengthen the savings capacity of challenger bank users.

The deposit accounts on Hype arrive

In this historical moment, there is a lot of liquidity on current accounts of Italian families. According to data from the Bank of Italy, we are even talking about 126 billion euros in 2020, compared to 47.7 billion in 2019. It seems a consequence of the uncertainty of the last eighteen months, in which the trend in spending has decreased (as recent data on Black Friday also demonstrate).

Hype has therefore decided to offer the possibility of deposit accounts, a convenient and safe solution that does not limit the purchasing power of customers. In fact, anyone who has a Hype account can open directly from the app is Releasable and bound lines. The first from 12 to 36 months starting from 1000 euros, while the second from 6 to 36 months with a minimum amount of 3000 euros, with rates up to 1.10%.

The offer is built by integrating the deposit account illimity specially designed for Hype customers.

The CEO of Hype Antonio Valitutti comments: “Over the past year and a half we have seen significant growth in our customers’ savings. For this reason, in line with our objective of promoting efficient and digital money management, today we strengthen our proposal by expanding the possibilities of using the accumulated liquidity and inserting a solution that guarantees a return “.

You can find more details directly on the Hype website.