Branch Launches High Yield Savings Feature for Gig Workers
Branch, an embedded financial services provider, has launched its new High Yield Savings feature within the Uber Pro Card app and other custom applications. This tool allows gig workers such as drivers and couriers to earn up to a 3.25% annual percentage yield (APY) on their savings directly through the apps they use for payments. The service is designed specifically for variable-income earners who often face unpredictable cash flow and limited access to traditional high-yield savings options that require direct deposits or spending thresholds. Branch's offering requires no fees, has a $500 average daily balance threshold for top APY rates, and allows users to move money freely with minimal transfer costs. This feature is part of Branch’s broader mission to provide accessible financial tools tailored to working Americans. It will initially roll out through the Uber Pro Card before expanding further across other platforms powered by Branch.
Tickers: $UBER
Topics: APY embedded finance savings workers