Get started earning on your cash available on the platform with an initial deposit of $1000.
PeerStreet is an alternative to banking products offering interest and short-term liquidity.
You can deposit daily and withdraw once a month (with two weeks notice). Make sure to keep cash available for loan investments!
Easily transfer funds directly from your cash available on the platform or deposit more.
While Pocket is not a bank account, its rates exceed those offered by leading high-yielding savings accounts.
Comparison rates as of August 2022
*PeerStreet reserves the right to update the Pocket rate at any time. PeerStreet is not a bank and Pocket is not a bank account. Your Pocket account is not FDIC-insured. Please refer to Private Placement Memorandum 02 Supplement - Redeemable Warehouse Note for more details.
Any available cash in your PeerStreet account can be invested in Pocket. If all your cash is tied up in fractional investments, you must add more funds to your PeerStreet account or wait for a payout before investing in Pocket.
Funds invested in Pocket can be redeemed on the first of each month, by giving notice to PeerStreet by the 15th day of the preceding month. If the 15th day is a weekend or bank holiday, notice must be given on the previous business day.
Once investors submit their redemption request through the Pocket Dashboard, PeerStreet will begin setting aside Pocket funds - or, to the extent all such funds are currently invested in loans, identifying other capital sources to hold those loans - for distribution on the next redemption date.