ST Alpha - "Not sure if anyone here has come across this before. Found it looking for short term options for our proceeds: Current. 4% APY on $6k "savings"" (Reading a Post)

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Not sure if anyone here has come across this before. Found it looking for short term options for our proceeds: Current. 4% APY on $6k "savings"

Posted by oblique (aka kkuphal) May 5 '22, 11:51

it is FDIC insured

however, it is reported as 1099-MISC, not 1099-INT so it is income, not interest. (support.current.com)

Responses:

The fine print disclosures on that site are a mess, and I can’t figure out what they actually do with your money, so, I’m out. :) - znufrii May 5, 12:14 2
- Fintech - they'll be playing the crypto market to try to stay in the black -- nm - decline May 5, 12:35
- Shady -- nm - Pippy May 5, 12:18

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