Earn up to 3.64% APY on checking account deposits with Covercy, the first banking-embedded investment management platform that gives real estate owners high yield investor checking account options you won't find at traditional financial institutions.
Download the APY table to calculate your monthly yield.
How much could you earn with Covercy high yield checking accounts?
Most commercial real estate owners who take outside investment own multiple properties and manage between three to five checking accounts per asset. With a traditional bank, interests earned in escrow accounts, security deposit accounts, CAPEX accounts, and day-to-day operating accounts usually amount to very little, if anything.
But with Covercy, earning up to 2.96% interest on those deposits could mean generating thousands of dollars in additional monthly revenue for simply depositing your funds into Covercy high yield checking accounts instead.
Download the APY table to learn how much you could earn.
Covercy is more than just an investor management platform.
The first banking-embedded investment management platform for commercial real estate.
Do your banking right within the Covercy platform. Open and manage multiple high yield checking accounts per asset, import contributions, and distribute funds to investors with a single click.
Investor payment distributions, simplified.
Distribute payments directly into your investors’ bank accounts without leaving the platform. With Covercy, you can auto-calculate distributions based on pro-rata ownership and send money to your investors' bank accounts with a single click.
Collect contributions and distribute funds anywhere in the world.
Seamlessly perform domestic and cross-border capital calls and distributions from right within the platform. You can even offer your investors the ability to receive funds in the currency of their choice. All done automatically. (US transactions via ACH Debit)
Covercy has everything you need to power your real estate firm.
Try Covercy at your own pace. Sign up for a free trial today.
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Banking provided by Choice Financial Group: Member FDIC.
*Actual formula for calculating APY: If your balance is between $120,000 and $1 million (Fed Funds Rate – 0.2%) * 48%. If your balance is between $1million and $15 million, you would earn (Fed Funds Rate – 0.2%) * 65%. The above APYs represent a Fed Fund Rate of 5.25% and are true as of May 3, 2023.
