I wonder what happens if/what the base rate drops below 0.9%?
Do you start paying Kroo interest for holding your money?
Wouldn’t surprise me - my experience with them implied they didn’t have a scooby. I left about £10 up lol
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What was your experience with them?
I doubt they’d survive, they’d probably do what other banks do during low interest rate periods, stop the interest or gimp it a lot and then start lending more?
Poor app security, poor customer service, lack of innovation, vague greenwashed marketing
Ymmv!
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Greenwashing lmao
3 years in, still lacking any major reason for existing and rapidly nibbling away at their most compelling feature.
What is the plan here?
It will soon be just another card. The other benefit they had was fee free transactions abroad, which is now available from many other providers.
It is Visa though which is quite rare.
Not enough of a sell though I think
It’s issued by 4 of the big 5 banks, as well as TSB, Co-op Bank and Nationwide. Hardly rare.
OK, less rare than I was thinking, but rare for a free overseas use Visa and for fintech which all seem to be MasterCard.
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