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Cembra Money Bank AG is a Swiss credit institution headquartered in Zurich-Altstetten. [2] Cembra operated under the name GE Money Bank until its IPO in early November 2013 and was part of the General Electric Group. Since November 2013, the credit institution has been listed on the Swiss stock exchange.
GE Money Bank was the largest provider of small consumer credits in Switzerland. In 2006, the company partnered with Migros, allowing them to offer credit cards contracts through Migros. The Bank is now Cembra Money Bank [54] [circular reference] and went public through an initial public offering (IPO) in 2013. [55]
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In return, Postfinance pays its partners a risk premium or a sales commission. In the area of crowdlending, Postfinance entered into a partnership with Cembra Money Bank through its subsidiary Lendico in 2018. [51] In May 2021, the company announced that it would be offering the "Postfinance Priavtkredit" in cooperation with Bob Finance.
Money within a money market account is insured by the Federal Deposit Insurance Corporation or the National Credit Union Administration for up to $250,000 per person, per account.
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Money market accounts offer quick access through checks, debit cards and bank transfers, making them a great tool for active money management. Choose a money market fund if: You have extra cash in ...