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Elon Musk's 'Bank' Will Pay A Risk-Free 6% Yield On Your Cash

Summary by Investor's Business Daily
Tired of bonds falling or tying your cash up in "high yield" savings accounts paying just 3.4%? Elon Musk's X is pitching an alternative.

2 Articles

Investor's Business DailyInvestor's Business Daily
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Elon Musk's 'Bank' Will Pay A Risk-Free 6% Yield On Your Cash

Tired of bonds falling or tying your cash up in "high yield" savings accounts paying just 3.4%? Elon Musk's X is pitching an alternative.

·Los Angeles, United States
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IBTimes AustraliaIBTimes Australia

Elon Musk's X Money Offers a 6% Yield on Cash, but Sen. Elizabeth Warren Wants Answers on Fine Print

X Money, Elon Musk's financial service, offers a 6% yield on deposits, surpassing traditional banks. Regulatory scrutiny arises over sustainability and insurance coverage, as the service expands to select users.

·New York, United States
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Investor's Business Daily broke the news in Los Angeles, United States on Wednesday, August 19, 2026.
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