Earnin, the leader in innovative solutions to some of the world’s toughest financial problems, unveiled Tip Yourself, a new kind of savings tool in the Earnin app. Tip Yourself makes saving money rewarding and social – helping people achieve savings goals by encouraging them to reward themselves for their accomplishments and to support each other. Tip Yourself is FDIC insured, and available immediately in the Earnin app with no mandatory fees, alongside the company’s other tools such as Cash Out, Health Aid and Balance Shield.
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“We believe that our community is looking for new ways to achieve financial security, and creating a tool that helps them save easily is an important part of that. Tip Yourself will help Earnin community members put more money aside for the future.”
“Tip Yourself is changing the way people think about saving money in a similar way to how Cash Out changed the way people think about the pay cycle. We’ve designed Tip Yourself to make it possible for anyone to save towards their financial goals and support each other while doing it,” said Ram Palaniappan, Founder and CEO of Earnin. “We believe that our community is looking for new ways to achieve financial security, and creating a tool that helps them save easily is an important part of that. Tip Yourself will help Earnin community members put more money aside for the future.”
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Earnin’s Tip Yourself product is based on a stand-alone app of the same name, which Earnin acquired in 2019. The new Tip Yourself is now an integrated part of the Earnin app with new features and functionality, including an all-new user interface, Earnin’s Lightning Speed fast transfer and a new “AutoSave” automated savings feature. Earnin will support the stand-alone app until June 30, at which time the stand-alone app will be discontinued and all accounts will be refunded. Tip Yourself founders Josh Feinberg and Mike Lenz have joined Earnin to lead savings product initiatives at the company.
