Klarna is introducing high-yield savings accounts in the United States through its app as it expands from buy-now-pay-later services into banking-related offerings. The accounts are designed for Klarna customers who want to store savings in the same platform they use for spending. Klarna says the annual percentage yield (APY) starts at 3.28% and is currently above 3%, though the rate can vary over time.
The savings accounts are FDIC-insured via a partnership with WebBank. Klarna states there is no minimum deposit requirement and no monthly fees. The accounts also support direct deposit.
Across coverage, the launch is presented as part of Klarna’s broader effort to develop a bank-like product suite in the US market, leveraging existing customer relationships and app-based access rather than requiring customers to open and manage separate accounts elsewhere.
