So while looking around to find a bank with an interest rate higher than my current, dismal 0.2%, I found a high-yield savings account with a bank in Los Angeles called OneUnited Bank. They are exceptional because they are the first black owned internet bank in America, but more importantly to me, is their mission statement. They invest their money in cities, in struggling downtowns, impoverished neighborhoods, and locally owned businesses. Why not use my meager savings to boost urban areas? Sounds like a two for one deal for me. Currently one of the highest interest rates in the country paired with social equity and economic development in urban communities. Perfect.
OneUnited Bank is committed to developing urban communities across the country by providing superior deposit products and services, affordable loan programs and financial literacy education.
