Safe Harbor Financial Launches Interest-Bearing Commercial Accounts

Leverages strategic partnership to deliver industry-leading deposit product

Further normalizes banking services for growing U.S. cannabis businesses

Safe Harbor Financial, a leader in facilitating banking, payments, and financial services to the regulated cannabis industry, today announced the launch of interest-bearing commercial deposit accounts to cannabis businesses nationwide.

This new product offering was launched in response to an unmet need in the industry, as many of the smaller banks and credit unions servicing the cannabis industry do not currently make interest-bearing products available to these clients. Offered through one of Safe Harbor’s proprietary financial institution partnerships, this new account product will provide depositors the opportunity to earn interest income with no maximum balance limitation.

“We are excited to launch the first interest-bearing account product broadly available to U.S. cannabis businesses,” said Sundie Seefried, Chief Executive Officer at Safe Harbor. “Interest-bearing accounts are especially important to large depositors in the current banking climate, and we’re proud to be able to offer our clients more of the important financial and treasury tools that they need to grow and protect their businesses.”