PORTLAND, Ore., April 6, 2020 /PRNewswire/ -- Simple today
announced another addition to its rapidly growing list of products
and features for its online customers with the launch of its
No-Penalty CD.
The No-Penalty CD, Simple's first foray into traditional time
deposit accounts, offers a fixed rate of interest for one year, no
fees for early termination and the ability to manage money entirely
online. Simple CEO David Hijirida
says this product is a timely addition to Simple's product
set.
"We heard the need for additional products and features to help
customers gain more confidence with their money, and so we've been
working toward that for months now," said Simple CEO David Hijirida. "But, this product in particular
just makes sense given the uncertain times in which we are living.
It provides the consistency of a fixed rate, along with the ability
to withdraw their funds without a fee, a feature that is useful
during this time of uncertainty."
The addition of the No-Penalty CD to Simple's product offerings
comes on the heels of Simple's Round-up Rules and Tax
Refund Rule that automate savings for customers and new
emailed reports that summarize goals and expenses
contributions.
Hijirida says in the midst of this global challenge, it's more
important than ever for Simple to continue its implementation
push.
"We have tapped into a wealth of useful information from our
customers, who have shared their goals and opinions with us," said
Hijirida. "Given the global impact of COVID-19, we are more
vigilant than ever, taking cues from customers as we continue to
provide ways for them to save and invest for their future. The
No-Penalty CD is just the most recent tool we offer to help our
customers feel more confident about their money and their
future."
Banking services provided by BBVA USA, Member FDIC.
Learn more about the No-Penalty CD here.
For more Simple news visit, www.simple.com.
Additional news updates can be found via Twitter and
Instagram.
For more financial information about BBVA in the U.S., visit
bbvausa.investorroom.com.
About Simple
Simple combines innovative technology, intuitive user
experience, and expertise in behavioral economics to help its
customers easily bank, budget and save. Simple customers
receive a Simple Visa® Debit card that's tied to an FDIC-insured
account with no surprise fees, and powerful budgeting and savings
tools. Simple's banking services are accessible via web, iOS,
and Android apps. For more information, please go to
www.simple.com.
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SOURCE BBVA USA