US-based diversified global holding firm Marygold Companies, through its subsidiary Marygold & Co., has introduced the latest feature of its mobile fintech banking app.
The new feature, dubbed Cash Management Account, will be offered on its recently developed mobile fintech banking app and provides a return of up to 6%.
Marygold will offer the new feature from 30 June 2025, or once a cumulative total of $100m in assets under management is attained.
TMC and Marygold CEO Nicholas Gerber said: “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.
“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.”
The app was introduced to the US market in late 2023 and developed completely in-house over four years of dedicated technology investments and testing.
Gerber said its wholly owned subsidiary, Marygold & Co., is preparing to launch a version of the app adapted for the UK banking system in the near term.
The Marygold app is currently available only to US consumers and can be downloaded in the AppStore for iPhone and Android cellular phones.
In addition to the new Cash Management Account, the mobile app also offers other features including Money Pools, Spending Limits, and Money Management Tools.
