Higher yield. Deeper cover.
Put idle balances to work
Rates that actually move.
Up to 19× the return on an ordinary deposit account, paid out daily.
Millrace
5.20% base + flow rewards
7.40%
Fintech apps1
3.15%
Retail banks2
0.38%
$1.5M
Millrace
$250K
Industry standard
Deposit cover
Your balance, underwritten.
Every dollar in a Millrace Reserve account is covered to $1,500,000.
Millrace is introducing underwriting-backed cover for Millrace Reserve balances, providing up to $1,500,000 of coverage per eligible account once the programme is live, subject to aggregate policy limits and conditions. Cover is arranged through Ferryhead Mutual Speciality. Full terms, including limits and eligibility, will be published at launch.