Press Release: Step : Step Launches 5.00% on Savings Balances up to $250,000

PALO ALTO, Calif.--(BUSINESS WIRE)--Step, the all-in-one financial platform for the next-generation, announced that customers can now earn an exceptional 5.00%1 on their FDIC insured savings balances, up to $250,000 - a rate that's more than 12 times the national average2. With inflation, interest rates, and costs of living all at generational highs, young people are struggling to save at a time when it's crucial to have money set aside. According to a recent Bankrate survey, just 22% of savers