investing
Jul 20, 2021

Inspire’s Faith Based Cash Offers Higher Interest Rates For Christians

The Inspire Faith-Based Cash debit card program now offers one of the highest FDIC interest rates on the market at a rate of 0.55%.
Article by
Eric Smyth

Boise, ID, July 20, 2021 – The Inspire Faith-Based Cash debit card program launched earlier this year by Inspire Investing, a leading biblically responsible investing firm, now offers one of the highest FDIC interest rates on the market. As of July 13th, 2021, the FDIC rate is 0.55% allowing cardholders to earn 9 times the national savings account rate of 0.06%.

This FDIC interest rate is in line with some of the top providers of high yield savings accounts and money market accounts while also providing additional benefits including immediate liquidity on all deposits in the program, no account minimums, online and mobile access, and a debit card for spending.

“To have an FDIC interest rate up there with the big players in this space while adhering to faith-based values is huge,” said Inspire CEO, Robert Netzly. “I have never seen greater demand for a biblical option when it comes to banking and Inspire Faith-Based Cash gives Christians a way to shop, save and invest with biblical values.”

How Inspire Faith-Based Cash Works

Customers sign up for free at www.inspireinvesting.com/cash with a simple, two-minute process. Accounts can be funded with as little as $25 and there are no setup fees, transaction fees or monthly account fees.

Cardholders then spend their money with a swipe or tap of their program debit card at a store, make purchases online or with apps like Apple Pay, Venmo, PayPal, Google Pay and other major platforms. Cardholders can also withdraw cash for free at over 55,000 ATM locations, get cash back at the store and are free to transfer their money back to their traditional bank account anytime. Inspire Faith-Based Cash also includes convenient features such as direct deposit, bill pay and peer to peer transfer. 

To seek a higher return on their cash, customers use the Inspire Faith-Based Cash mobile app to spread their money between an enhanced-yield, FDIC insured bank deposit program comprised of hundreds of banks screened by Inspire for biblical values, and a conservative fixed-income account of biblically responsible bonds managed by Inspire. Based on current interest rates1, customers can earn up to 2.49% on their deposits with Inspire Faith-Based Cash. No matter how the cardholder allocates their money in the program, it is always immediately available to spend with a swipe of the card.

To learn more, or to sign up for Inspire Faith Based Cash, visit www.inspireinvesting.com/cash.

About Inspire Investing

Inspire Investing is a leading provider of biblically responsible, faith-based ESG investments and creator of the globally recognized Inspire Impact Score™ which is used by investors around the world to measure the biblical alignment of their investments according to Biblically Responsible Investing (BRI) principles.

Inspire is recognized in the 2020 Inc. 5000 list of America’s fastest growing private companies and The Financial Times “Americas’ Fastest Growing Companies 2021”. Inspire’s Discretionary Assets Under Management (AUM) has grown another 29% so far this year, bringing total assets to $1.69 billion as of June 30, 2021.

Inspire also donates 50% or more of their own corporate profits to support impactful ministry projects around the globe through its Give50 Program. Most recently Inspire adopted a village in the coffee farming mountains of Guatemala to completely transform the lives of the those living in that impoverished village. Thanks to investors, advisors and institutions using Inspire products, the village now has a church building, a clean water well, and improved education facilities. Up next on the list is a fully functional medical clinic, child sponsorships, and Bible distribution. To learn more about the Give50 program, please visit www.inspireinvesting.com/impact.

Visit www.inspireinvesting.com/ to learn more about Inspire’s biblically responsible investment products and inspiring impact projects.

Media contact:

Eric Smyth

Media Relations

(208)994-0832

inspire@inspireinvesting.com

# # #

Sources:

https://www.fdic.gov/regulations/resources/rates/

https://www.bankrate.com/banking/savings/rates/

1. Interest rates are variable and subject to change with prevailing market rates.

Investment advisory services offered through CWM Advisors, LLC dba Inspire, a Registered Investment Advisor with the SEC. The Faith Based Cash Card is issued by Sutton Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. All investment products contain risk and may lose value.

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*Advisory Services are offered through CWM Advisors, LLC dba Inspire, a Registered Investment Adviser with the SEC. All expressions of opinion are subject to change. This article is distributed for educational purposes, and it is not to be construed as an offer, solicitation, recommendation, or endorsement of any particular security, products, or services. Investors should talk to their financial advisor prior to making any investment decision.

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