Financial Projections

Predicting how much you will spend and receive in the future is valuable information for your startup. Financial projections are a forecast of a business’s future income and outgoings.

These projections can show you how your cash, revenue, and expenses will likely look. Similarly, startups can use financial projections to see their business's appearance if they merged or went public.

To have accurate financial projections, startups need to have error-free bookkeeping.

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*Zeni is a financial technology company and is not a bank. Banking services provided by Thread Bank, Member FDIC.

1. Your deposits qualify for up to $3,000,000 in FDIC insurance coverage when placed at program banks in the Thread Bank deposit sweep program. Your deposits at each program bank become eligible for FDIC insurance up to $250,000, inclusive of any other deposits you may already hold at the bank in the same ownership capacity. You can access the terms and conditions of the sweep program at https://go.thread.bank/sweepdisclosure and a list of program banks at https://go.thread.bank/programbanks. Please contact customerservice@thread.bank with questions regarding the sweep program.
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2. The interest rates and annual percentage yield on your account are accurate as of 05/16/23 and are variable and subject to change based on the target range of the Federal Funds rate. APY will vary between .99%-4.05% depending on the balances held. Earn 0.99% APY on checking balances of less than $250,000, 1.98% APY on balances between $250,000 and $500,000, 2.97% APY on savings balances between $500,000 and $1,500,000, 3.96% APY on savings balances between $1,500,000 and $2,500,000 and 4.05% APY on savings balances of more than $2,500,000. There are no minimum balances or minimum deposits required to earn interest on your account.

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