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How do you compare to a group like https://crescent.finance https://crescent.finance? Disclosure: I am an investor in Crescent, but primarily I’m just curious!
by sebmellen 8mo ago
How do you compare to a group like https://crescent.finance https://crescent.finance? Disclosure: I am an investor in Crescent, but primarily I’m just curious!
- sam_palus 8mo agoDo you mean this Crescent? https://www.getcrescent.com/ https://www.getcrescent.com/ They're more of a traditional banking product. They seem to have a great high-yield checking account (3%), which is a great place to keep short-term cash. But for long-term holdings that you won't touch for months, a higher-yield product like Palus makes more sense, earning closer to 5%. For what it's worth, we don't try to replace products like Crescent (or Mercury, Brex, etc.) at all. They're great for day-to-day banking. Instead we connect to your account there and optimize for really simple UX. We're working on setting up automatic sweep to/from Palus to make it even simpler.
- sebmellen 8mo agoYep they changed their URL. I should have checked! Makes sense and quite interesting.