Mayfair partners with Stripe Payments Company for money transmission services and account services with funds held at Evolve Bank & Trust, Member FDIC.The cash account is not a deposit account, and Mayfair is not a bank.
The cash balance in the Mayfair cash account is automatically eligible for pass-through FDIC insurance. For more information on FDIC insurance coverage, please visit www.FDIC.gov.*
The Annual Percentage Yield (APY) for the Mayfair cash account may change at any time, before or after the cash account is opened. Currently, you can earn 4% APY. Rates will vary based upon prevailing economic and business conditions. Furthermore, Mayfair may receive a fee from Stripe, and the amount of the fee, if any, may affect the rate paid on the cash accounts.
The information contained in this communication is provided for general informational purposes only, and should not be construed as investment or tax advice. Nothing in this communication should be construed as tax advice, a solicitation or offer, or recommendation, to buy or sell any security.
Any links provided to other server sites are offered as a matter of convenience and are not intended to imply that Mayfair or its affiliates endorses, sponsors, promotes, and/or is affiliated with the owners of or participants in those sites, or endorses any information contained on those sites, unless expressly stated otherwise.