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Payments News Intuit Introduces QuickBooks Cash, a New Business Bank Account With a 1% High-Yield Interest Rate

“Today, Intuit Inc. announced QuickBooks Cash, a business bank account that earns high-yield interest, which, when used with the QuickBooks suite of business services, takes the complexity — and latency — out of managing finances for small business owners. QuickBooks Cash has no account opening fees, maintenance fees, minimum balances, overdraft fees, or other recurring fees. Including a machine-learning powered finance planner, QuickBooks Cash helps small businesses plan for the future by making 90-day cash flow projections, including predictions on when invoices are likely to be paid.”

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