InvestaDaily

@demosthanes takes the spotlight for this week’s featured trader! Read how he used simple support and resistance (or S/R) to set up a successful scalp trade in the $GBP/JPY.

As Dr. Alexander Elder once said, “Simplicity is the key to successful trading.”

In a scalp trade, a trader engages in a short-term trading strategy by purchasing and selling securities within a brief time span, typically ranging from a few minutes to a few hours. 

Let’s take a look at how he used S/R for a clean trade set-up

ANALYSIS FROM @demosthanes

As shown in @demosthanes’ post, he entered once the price hit the 166.243 level. He has a stop loss set-up at the 166.632 level and aims to take profit at the 165.351 level. What can be observed in these levels is that they are near the local support and resistance levels. Stop losses are placed above the resistance level, and take profits are near the support level.

Since @demosthanes is short-selling, he is essentially betting that the asset’s price will decrease. Placing a stop loss above the resistance level helps to limit potential losses if the price does break through and continues to rise. On the other hand, placing a take profit near the support level allows him to profit from a downward move in the market while also being aware of potential support levels where the price may bounce back up.

TECHNICALS OF THE TRADE

For his simple yet effective short scalp set-up, @demosthanes maximized his use of support and resistance. 

Short-selling in forex (foreign exchange) is the act of selling a currency pair with the intention of buying it back at a lower price in order to profit from the difference.

Traders commonly use support and resistance levels in all types of trading, including short-selling in forex.

Support levels are price points at which there is a higher demand for a currency pair, causing the price to bounce back up after reaching that level. Resistance levels are price points at which there is a higher supply of a currency pair, causing the price to bounce back down after reaching that level.

When short-selling in forex, traders can use support and resistance levels to identify potential entry and exit points for their trades. For example, a trader may look to enter a short position when the price of a currency pair reaches a resistance level, as they expect the price to bounce back down from that level. And as @demosthanes did in his execution, he put the stop loss above the resistance level and exited his trade at the support level.

FUNDAMENTALS OF THE TRADE

Recent Japanese economic reports state that the country is to expect price hikes and social system changes from April.

For the second consecutive year, households are being impacted by the effects of soaring materials prices, leading to widespread increases in the prices of food and services during the spring season, resulting in a strain on household finances.

According to a survey of 195 major food companies that Teikoku Databank Ltd. released late last month, prices are set to go up for 4,892 food products in April, in the third largest wave of price hikes on a monthly basis since January last year.

WHAT SHOULD BE YOUR NEXT MOVE

If you also plan to execute short-selling scalp trades like @demosthanes, you must take note that short-selling carries significant risks and requires careful consideration. The trader must have a solid understanding of technical analysis and risk management and a deep knowledge of the market and the factors that can affect the currency pair’s value. In addition, short-selling is often associated with high leverage, which can magnify both profits and losses. Therefore, it is vital to use stop-loss orders to limit potential losses and to monitor the trade to avoid significant losses closely.

With that being said, the currency pair is currently showing upward momentum in the bigger timeframe. You can use this bigger trend to guide how you would like to execute your scalping set-up. Make sure to use technical analysis to identify key support and resistance levels, as well as trend lines and other indicators. This will help you determine when to enter and exit trades. Keep a close eye on the market and be on the lookout for chances to quickly enter and exit trades, which may necessitate utilizing shorter time frames like 1-minute or 5-minute charts.

Once again, KUDOS to @demosthanes for being this week’s featured trader! Enjoy your 14-day InvestaPrime Access and continue to be an inspiration to the trading community.

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In recent years, the banking industry has changed significantly with the emergence of digital banks. They provide similar services to traditional banks but with the convenience of accessing services via mobile devices and online platforms. 

Dating back to the Spanish colonial period, the banking industry in the Philippines has a rich history. In 1851, the country’s first bank, the Bank of the Philippine Islands, was established. Currently, the banking sector comprises traditional banks with physical branches and digital banks operating solely online.

Due to its convenience and ease of use, digital banking has recently gained popularity in the Philippines. However, traditional banks still hold a significant market share and offer unique benefits. 

This article compares traditional and digital banks in the Philippines so you can decide which best suits your needs.

Traditional Banks

Regulated by the Bangko Sentral ng Pilipinas (BSP), traditional banks have physical branches that provide various financial services, such as savings accounts, loans, credit cards, and investment products. In-person customer service and access to tellers, bankers, and other financial professionals are also available in traditional banks.

Traditional banks have advantages such as personal service and face-to-face interaction. This may be particularly valuable for older customers or those who prefer a more traditional approach to banking. Additionally, traditional banks may offer more comprehensive services, including wealth management and financial planning, that digital banks do not provide.

Despite their advantages, traditional banks still have limitations. This includes restricted operating hours, location, and accessibility for those with mobility issues. Furthermore, they may charge higher fees and interest rates.

Examples of traditional banks in the Philippines include Philippine National Bank, Banco de Oro, and Metrobank.

Digital Banks

Digital banks operate solely online and provide customers access to financial services through mobile devices and online platforms. They also offer services similar to traditional banks. This includes savings accounts, loans, and credit cards, but without needing to visit a physical branch.

Digital banks provide convenience, ease of use, and 24/7 accessibility. This makes them attractive to younger customers who prefer mobile banking and digital channels. They also typically have lower fees and interest rates than traditional banks, offering more cost-effective solutions.

An inconvenience of digital banks is their need for physical ATMs or cash deposit machines. This may be a detriment for customers who need to deposit or withdraw cash frequently. Additionally, some customers may need clarification about their personal and financial information security when using online banking services.

Differences between Traditional and Digital Banks

In the Philippines, traditional and digital banks differ in accessibility. The former has physical branches allowing in-person interaction, while the latter operates exclusively online. This makes traditional banks more suitable for customers who prefer face-to-face communication. In contrast, digital banks are ideal for those who prefer the convenience of mobile banking.

Another difference between traditional and digital banks in the Philippines is their fees and interest rates. They usually have lower fees and interest rates than conventional banks, which may have higher fees and interest rates but offer more comprehensive financial services.

In addition, it is worth noting that traditional banks may have more stringent requirements for opening accounts or obtaining loans. This can then be challenging for some customers. In contrast, digital banks have a more straightforward process and may offer instant approvals for loans and other financial products.

What best suits YOU?

Customers should consider their preferences and financial needs when choosing between traditional and digital banks. Those who prioritize face-to-face interaction and more comprehensive services may prefer traditional banks, while those who prioritize convenience and lower fees may prefer digital banks. Ultimately, personal research and comparing different bank offerings is a suitable option to meet your specific banking needs.  By doing so, you can ensure that you receive the best possible banking experience.

However, we must consider the possibility of combining the utilization of traditional and digital banking. Combining traditional and digital banking services can provide customers with a more convenient, efficient, and comprehensive banking experience.

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Investors often use two metrics, top-line earnings, and bottom-line earnings, to evaluate a company’s financial performance. These measures help investors understand how efficiently a company manages its costs and generates revenue.

Investors must understand the difference between top-line and bottom-line earnings to make informed investment decisions. Businesses must manage both metrics for long-term growth and sustainability. This article will explore their importance for both investors and companies.

Top-line Earnings

A company’s total revenue or sales are known as top-line earnings. It encompasses all revenue from products or services without subtracting expenses. Top-line earnings indicate a company’s revenue generation ability. However, relying on this metric alone doesn’t provide a complete picture of the company’s financial performance.

A company may have high top-line earnings yet still incur losses due to high expenses. Conversely, a company with a low one may still be profitable as it effectively manages its costs.

To calculate this, you add up its total revenue during a specified period. The income statement typically reports this information, outlining a company’s revenue, expenses, and net income.

Investors utilize top-line earnings to assess a company’s revenue growth over time and may compare it with competitors for analysis. For businesses, increasing revenues is vital for growth and expansion. Nonetheless, managing expenses effectively is equally essential for long-term profitability.

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Gross income is sexy but not as important as NET income

— Willny Guifarro (@willnyguifarro1) February 18, 2023

Bottom-line Earnings

Net income or profit, the remaining revenue after subtracting all expenses, is another term for bottom-line earnings. It includes operating expenses, taxes, interest payments, and other expenses involved in running the business.

Bottom-line earnings are critical to investors as they demonstrate a company’s profitability. Consistently positive bottom-line earnings indicate that a company is generating more revenue than spending on expenses. On the other hand, always negative bottom-line earnings suggest that a company pays more than it earns.

To calculate bottom-line earnings, a company subtracts all expenses from total revenue to determine the net income. The income statement then records it. Bottom-line earnings are crucial for investors to assess a company’s financial stability. Investors usually examine earnings per share (EPS), which is determined by dividing net income by outstanding shares of stock. A high EPS suggests a company is generating substantial profits per share, which can result in higher stock prices and returns for investors.

For businesses, effectively managing expenses is fundamental to maximizing bottom-line earnings. By controlling costs and increasing revenue, companies can enhance their profitability and generate more cash flow for future growth.

Comparison of Top-Line and Bottom-Line Earnings

Even though top-line and bottom-line earnings are significant financial performance indicators, they have distinct implications for investors and businesses. Comprehending the relationship between these two metrics can assist investors and companies in making informed decisions.

A crucial difference betweenthe two is that top-line earnings do not consider expenses, whereas bottom-line earnings do. This implies that a company can have high revenues but still be unprofitable if its costs are high. In contrast, a company with low revenues can still be profitable if it manages its expenses effectively.

The relationship between top-line and bottom-line earnings is also a critical factor to consider. Although increasing revenues is essential for growth, it can also affect bottom-line earnings if expenses increase simultaneously. For instance, if a company spends more money on advertising to generate more revenue, its costs will also rise, reducing its bottom-line earnings.

When evaluating a company’s financial performance, investors should consider top-line and bottom-line earnings. While revenues indicate revenue growth potential, bottom-line earnings better indicate profitability and financial health. Both metrics give investors a complete picture, enabling them to make more informed investment decisions.

Investors should consider top-line and bottom-line earnings to evaluate a company’s financial performance. Top-line earnings indicate revenue growth potential, while bottom-line earnings reflect profitability and financial health. By balancing revenue growth and cost management, businesses can achieve long-term success. Therefore, investors should consider both metrics to make informed decisions about a company’s financial health and potential for growth.

Understanding the relationship between top-line and bottom-line earnings is essential for businesses and investors. By focusing on revenue growth and expense management, companies can achieve long-term profitability while investors can make more informed investment decisions.

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iAmLimitless, a.k.a @transpire, is spotlighted for this week’s featured trader! Spot how he used his indicators in order to set up a clean entry and exit in his trade in $MREIT.

A clear entry and exit strategy in stocks is important because it helps investors make informed decisions, manage risk effectively, and avoid emotional decision-making.

Let’s examine how @transpire utilized his indicators to create a defined trading setup.

ANALYSIS FROM @TRANSPIRE

From @transpire’s post, it can be seen that $MREIT is ranging in its support level at the 14.20 level. From here, @transpire spotted that the stock is forming a rounded double-bottom pattern which is often seen as a bullish sign, indicating that the stock has reached a support level where buyers are willing to step in and push the price back up. With a good entry pattern, @transpire’s next goal is to find a good exit, which he found in the stock’s resistance at the 14.94 level.

On the same day, $MREIT soared in price and reached a high that exactly hit @transpire’s exit at the 14.94 level, increasing by about 5%. 

TECHNICALS OF THE TRADE

In order to attain a clean entry and exit on $MREIT, @transpire utilized the rounded double-bottom pattern and simple Support and Resistance (also known as S/R). 

A gradual and rounded shape variation of the classic double bottom pattern is known as the rounded double bottom pattern, which is commonly observed in stock charts. The pattern appears when the stock price drops to a particular level, rebounds, drops again to the same level, and then rebounds again, resulting in two troughs at nearly the same level, forming a “U” shape on the chart.

Traders and investors can utilize the rounded double-bottom pattern to discover possible buying opportunities in stocks, as well as to set price goals and stop loss levels. Like any other technical analysis pattern, the rounded double bottom should be used with other kinds of analysis. It should be independent of the primary basis for trading choices.

Support and resistance are two crucial concepts in technical analysis used by traders and investors to identify potential price levels where a stock may encounter buying or selling pressure. In @transpire’s setup, he used resistance in order to find a clean exit. Resistance is an important level in technical analysis that can be used to set a sell signal in stocks. When a stock price reaches a resistance level, it is expected to encounter selling pressure, as the supply of the stock is stronger than the demand at that level. Traders and investors may use this as an opportunity to sell their positions, as they expect the stock price to fall from the resistance level.

FUNDAMENTALS OF THE TRADE

MREIT Inc. has announced that it has obtained regulatory approval to transfer four grade A PEZA-accredited office properties worth P5.3 billion from its parent company, Megaworld Corp. The properties are located in McKinley West and Iloilo Business Park and include Festive Walk 1B and Two Global Center in Iloilo Business Park, as well as One West Campus and Five West Campus in McKinley West, Taguig City.

MREIT will exchange shares for the buildings in the new acquisitions, which will have a total gross leasable area of 44,567 square meters. This will increase MREIT’s asset portfolio by 16 percent to 325,000 sq.m. in GLA from the current portfolio of 280,000 sq.m.

MREIT also stated that as of the end of 2022, the four prime office properties have an occupancy rate of 96 percent, which is significantly higher than the industry average of 80 to 81 percent. The properties will be exchanged for 263,700,000 primary common shares at P20 per share, representing a 41 percent premium over MREIT’s current price of P14.20 per share on March 24, 2023.

Kevin Tan, MREIT’s president, expressed his optimism about the asset infusion, saying that it will help drive growth. The high occupancy rate of these buildings is proof of the quality of MREIT’s assets and strategic locations. The company has already started booking revenues from the assets since January, and the properties are expected to increase MREIT’s dividend payments to its shareholders.

WHAT SHOULD BE YOUR NEXT MOVE

Currently, $MREIT is pulling back after hitting its local resistance at the 14.94 level. When a stock is pulling back, it can be a concerning experience for investors. It is important to take a step back, evaluate the situation, and make informed decisions based on the available information. You can easily navigate the situation and make informed decisions by being patient, analyzing the reason for the pullback, reviewing the investment strategy, remaining disciplined, and focusing on the long-term goal.

Once again, KUDOS to @transpire for being this week’s featured trader! Enjoy your 14-day InvestaPrime Access and continue to be an inspiration to the trading community.

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Aside from your real-time PSE data access, let’s make your stock market journey easier with InvestaPrime! 

For as low as P324, you can easily scan over a hundred stocks, set price alerts and have an automatic list of leading stocks to access in just a few taps:

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Market capitalization or Market Cap measures the entire worth of a company’s outstanding shares of stock. This is essential for investors because it indicates a company’s size and potential growth opportunities. 

In this article, let’s examine the market capitalization and how it can benefit you to understand and utilize it. 

What is the Market Cap?

Market Cap measures the total value of a company’s outstanding shares of stock. To calculate it, you multiply the total number of outstanding shares by the current market price of a single share. Determining this is important for investors because it helps them identify a company’s size and risk level. It also assists in portfolio diversification and stock selection.

Investors use this to measure a company’s size based on its outstanding shares’ dollar market value. Investors commonly prefer this metric over sales or total asset figures. The Market Cap is used in acquisitions to analyze if a takeover candidate provides a fair value to the acquirer.

Types of Market Cap per size

The Market Cap can help determine stocks to consider and how to diversify your portfolio with companies of different sizes. It’s a helpful metric for risk assessment due to its simplicity and effectiveness. Here are the types categorized by their size:

1. Large-Cap Stocks: Companies with a Market Cap of $10 billion or more are called large-cap or big-cap. They are major players in well-established industries and have a long track record. Investing in large-cap companies may not result in huge short-term returns but can provide consistent long-term growth and dividend payments. Examples of large-cap companies include Apple Inc., Microsoft Corp., and Google parent Alphabet Inc., although this sample is constantly changing.

2. Mid-Cap Stocks: Mid-cap companies generally have a Market Cap of between $2 billion and $10 billion. They are established companies that operate in an industry expected to experience rapid growth. Mid-cap companies are in the process of expanding. They carry a higher risk than large-cap firms due to their lesser-established nature but are attractive for their growth potential.

3. Small-Cap Stocks: Small-cap companies typically have a Market Cap of $300 million to $2 billion. They may serve new, and niche markets and are often younger. Due to their size, markets, and age, they are considered high-risk investments. Economic slowdowns affect them more due to limited resources.

How Market Cap can impact your decisions as an investor

Market Cap can have a significant impact on an investor’s decision-making process. Large-cap stocks are generally more stable and less volatile than mid-cap and small-cap stocks but may have lower growth potential. On the other hand, mid-cap and small-cap stocks are often more volatile but can offer higher growth potential.

For investors looking for stability, large-cap stocks may be a good choice. They have established business models, strong financials, and a proven track record. Value investing, which involves seeking out undervalued stocks with solid fundamentals, is a common strategy for investing in large-cap stocks.

Mid-cap stocks can offer a balance of stability and growth potential. Growth investing, which involves seeking out companies with high earnings growth potential, is a popular strategy for investing in mid-cap stocks.

Small-cap stocks can offer the highest growth potential but are also the most volatile. Investors looking for aggressive growth may choose to invest in small-cap stocks. One common strategy for investing in small-cap stocks is the momentum strategy. It involves buying stocks that have already experienced substantial price increases, hoping the trend will continue.

Ultimately, the choice of investment strategy will depend on an investor’s risk tolerance, investment goals, and overall market outlook.

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Financial Freedom is available to those who learn about it and work for it!!
– Robert Kiyosaki #monday #mondaymotivation #modayvibes #moneymanagement #FinanceBuddha #robertkiyosaki pic.twitter.com/Fjb75XlPa8

— Finance Buddha (@FinanceBuddha) November 16, 2020

How it can affect your road to Financial Freedom

Understanding Market Cap is crucial for your financial freedom because it helps you make informed investment decisions. It can help investors identify companies with different stability and growth potential levels and choose appropriate investment strategies accordingly. However, it is important to acknowledge that Market Cap is not a perfect metric and has potential drawbacks or limitations. Despite these limitations, Market Cap remains a widely used metric for evaluating stocks. This is because it can be a valuable tool for investors looking to make informed investment decisions. 

By understanding market capitalization’s potential benefits and limitations, investors can make more informed decisions and build diversified investment portfolios.

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Aside from your real-time PSE data access, let’s make your stock market journey easier with InvestaPrime! 

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buMalo a.k.a. @manolocgarcia, takes the spotlight for this week’s featured trader as he executes a clean trade on $FCG while utilizing multiple indicators to support his set-up! 

The trade explanation from @manologarcia was specific and substantial as he shares his value at risk (VAR), entry price, cut loss price, take profit price, and the number of shares. 

Traders who establish a straightforward trading setup can benefit from increased consistency in their trading approach, more effective risk management, enhanced discipline, and greater trading efficiency. Additionally, a well-defined setup can promote a better understanding of the market and the possible trading opportunities.

Let’s take a look at how @manolocgarcia used his indicators to come up with a well-defined set-up

Analysis from @manologarcia

What can be seen in this chart is how $FCG is forming a higher low after a significant pullback. It generally indicates that there is still buying interest in the market and that the overall trend is still bullish. This is further supported by the movement of Moving averages 9 and 100 (or MA9 and MA100, respectively). MA 9 (as indicated by the green line) can be seen previously crossing above the MA100 (as indicated by the blue line). This signal is known as a “golden cross” and is considered a bullish signal for the market or asset being analyzed. As the relative strength index (or RSI) is also not on the overbought levels, this opens the potential for the stock to continue rising if supported by the market’s sentiment. 

At the time of his post, $FCG was trading around the 0.87 level. The stock surged in price a few days later and hit the target profit level set by @manolocgarcia of 1.08 for a total increase of 18.69%. The stock then slowed down at the 1.10 level before pulling back and making a new higher low. Indeed, the profitable trade of @manolocgarcia was a result of his insightful decision to adhere to his strategy with precision and discipline.

TECHNICALS OF THE TRADE

What can be observed in from the chart of @manolocgarcia is his use of moving averages. A moving average is a commonly used indicator in technical analysis that smooths out price data over a specified period of time. The MA 9 is a short-term moving average that is often used to identify short-term trends and momentum in the price of an asset; on the other hand, the MA 100 is a long-term moving average that provides traders and investors with a view of the asset’s price trend over the past 100 periods or timeframes.

Using MA9 in confluence with MA100 is a simple and popular trading strategy among technical analysts. The MA 9 represents the short-term trend, while the MA 100 represents the long-term trend. When the MA 9 crosses above the MA 100, it is called a “golden cross,” which is a bullish signal for the market or asset being analyzed. Conversely, when the MA 9 crosses below the MA 100, it is called a “death cross,” which is a bearish signal.

@manolocgarcia also created a channel range to showcase where the stock has been generally trading in. These are created by connecting the stock’s price highs and lows over a period of time. The upper line connects the price highs, while the lower line connects the price lows. The parallel channel pattern is considered to be a continuation pattern, which means that the stock’s price is likely to continue moving in the same direction after the pattern is formed.

FUNDAMENTALS OF THE TRADE

Figaro Coffee Group Inc. reported an increase in income for the second half of 2022. The company, which operates cafes and several restaurants, saw a 47% rise in income from P179.62 million in the previous year to P265.11 million.

During the period of July to December, systemwide sales also showed significant growth, increasing by 79% to P2.05 billion from P1.14 billion in the corresponding period in 2021.

The company stated, “This was brought about by the opening of stores which brought the total number of stores to 150 by the end of December 2022. This resulted to an 88-percent increase in revenues versus same period last year”

The company fully liquidated all its interest-bearing bank loans in September. It also has new availments of P30 million from UnionBank as of end-2022.

WHAT SHOULD BE YOUR NEXT MOVE

After forming its most recent higher low, $FCG can be seen ranging and consolidating between the resistance level of around 1.01 and the support level of around 0.96. This price action may suggest that the market is still deciding about the stock’s future direction. Traders may be waiting for a breakout above the resistance level or a breakdown below the support level before taking any significant positions.

During a range-bound market, it is advisable to use technical indicators and chart patterns to identify potential trading opportunities, such as buying at the support level and selling at the resistance level. They may also use stop-loss orders to limit potential losses if the stock price breaks below the support level or fails to break above the resistance level.

Once again, KUDOS to @manolocgarcia for being this week’s featured trader! Enjoy your 14-day InvestaPrime Access and continue to be an inspiration to the trading community.

Have you ever looked into checking your balance in the comfort of your own home? Well, a digital bank will certainly help you do so. Digital banks have been a new necessity most especially during the rise of the pandemic.

In fact, they have been able to provide higher savings rates and a lot of solid banking solutions due to the lessened overhead costs.

Here are some great digital bank options in the Philippines.

CIMB – GSAVE

CIMB provides a lot of in-app services. From cashing in online to transferring money to other banks with ease. Furthermore, it also gives you the option to pay your bills and take out a personal loan. All just from your own home. The “Digital Bank of the Year” (2020) also offers you the option to take out your money anytime with no service fees, no minimum deposit, and no required maintaining balance. 

In order to make the digital bank more accessible, CIMB partnered with GCash through GSave. Like the CIMB app, the GSave allows you to deposit and withdraw your money using online or over-the-counter methods. The app also allows you to pay for your bills with a few simple taps. Their interface makes it easy to navigate through the different things being offered such as paying through a QR code, sending money to another person and even investing in a money market fund.

To put the icing on the cake, CIMB offers a base interest rate of 4.00%! They’re also running a promotion that can let you enjoy an annual rate of 8.00%. Check this out for more details

MAYA

Formerly PayMaya, the payment services company has now become a digital bank. The “No.1 Digital Banking App” based on the amount of users, they offer investing capabilities, payments, and of course, opening a savings account at a high-interest rate.

Currently this digital bank lets you enjoy a base interest rate of 4.5%, accrued daily. However, by inputting your goals or simply just making payments using the app, you can raise it all the way to 10%. Creating an account was also made easier. All you need is a valid ID to present and it should only take you a couple of minutes.

SEABANK

Owned by Shopee, Seabank is a rural bank that has expanded toward the digital banking segment. Similar to other digital banking experiences, you can create an account in just a few minutes with the use of 1 ID.

Along with gaining access to payment services and integrations with ShopeePay, Seabank was also one of the first to start accruing savings interest on a daily basis. Currently, offers an annual rate of 5.00% for savings accounts with PHP250,000 or less. Anything more, and the base rate falls to 3.00%.

TONIK

Tonik was the first neo bank in the Philippines. They offer no service fees, no minimum deposit, no required maintaining balance and no account closure fees.

Tonik currently offers a 4.00% interest rate on savings accounts. While that might not seem like a lot compared to others, Tonik offers a unique banking solution for customers. They currently offer a “group stash” promotion. If you and your friends are looking to save up for a vacation trip or the like, you can pool your savings together at an increased interest rate of 4.50%!

++ Many more!

All these options are great and the choice is solely based on personal preference. Whether you’re picking a bank based on the user experience, or simply because a certain bank lets you gain higher interest rates, there’s certainly a digital bank that fits your needs. 

You can spot the list of different digital banks here to help you compare each one.

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