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Fortune
Fortune
Jen Wieczner

Credit Karma Is Launching a Savings Account. But 'High Yield' Is Relative

Credit Karma CEO (Credit: Photography by Rebecca Greenfield/Fortune)

Credit Karma, a startup that offers to track changes in your credit score for free, is moving into financial services with its first bank-like product: a savings account, paying 2.03% interest.

The account will be available later this month in the U.S., where about 90 million people currently use Credit Karma's platform.

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