Nu Holdings launched US accounts with 3.50% yield

According to the company, Nu Holdings introduced Nu Global, a new multi-currency digital account. In the United States, it partnered with FDIC-insured Lead Bank, where FDIC insurance meant government-backed protection for bank deposits. It provided deposit accounts with a daily yield of 3.50% APY, where APY meant the yearly return on deposits.

The U.S. offering included fee-free domestic and international money transfers. It also included a no-annual-fee credit card offering unlimited 1.5% cashback, where cashback meant money returned on spending. Nu Global offered fast and free money transfers available across 35+ countries.

Nu Global offered yields of 3.50% and 2.20% APY on deposits converted into U.S. dollar- and euro-pegged stablecoins. The stablecoins were U.S. dollar- and euro-pegged stablecoins (USDC and EURC), where stablecoin meant a digital token linked to a traditional currency. Nu Global was paired with a virtual card for global spending and allowed customers to hold and trade a curated selection of digital assets, including Bitcoin and Ethereum.

For the company, the U.S. package linked saving, payments and borrowing in that rollout. The deposit accounts carried a daily yield, while transfers remained fee-free for domestic and international use. The credit card removed the yearly charge while returning a share of spending as cashback.

That combination mattered because each part covered a different routine use of money. Transfers covered the movement of funds, the card covered spending, and the deposit account covered balances held for later use. Nu Global extended the same pattern across currencies, with a virtual card and selected digital assets for global use.

The Company received preliminary conditional approval in January 2026. The U.S. products were launched in the interim through a partner-bank model, where partner-bank model meant products offered through a licensed bank partner. That structure used FDIC-insured Lead Bank in the United States while the approval process continued.