Want decent interest while still maintaining liquidity? Sounds a little too good to be true, but a few financial institutions have indeed tried to provide liquidity like a bank account and yet offer acceptable returns for one’s savings. Without a banking license, however, these companies often have to find creative ways to bring their product to the masses without running into regulatory trouble. Here’s a look at “bank-like accounts” we’ve seen in recent times, or at least the ones that I can remember (and I have pretty bad memory). ⚠️ The term “bank-like account” is something I coined to describe products that I feel try to offer features of a bank account. None of these products are actual bank accounts nor claim to be bank accounts. ELASTIQ What is it really: insurance policy Availability: no longer available Likely the pioneer of bank-like accounts, Etiqa introduced ELASTIQ as early as 2018. When I reviewed it in  ...