So Far So Good
Have only been with Juno for a couple months and only use for the banking, not the crypto. The 5% is competitive with other higher end checking interest rates and doesn't require any special hoops to jump through for it. I ordered the debit card and it has worked as expected without problems and automatic payments I have setup for outside credit cards and services have gone through without issue. I like that I can actually see day by day how much interest I'm earning on my balance (the payout is once a month, but that isn't a problem). The app can seem overwhelming with the crypto/nft stuff on there, but its easy to ignore all of that to just use it for banking and so far I'm perfectly happy with it and watching my spending account earn significantly more than it was with my old bank.
Not Sure What Is Going On With Them?
Received this email today:
Important changes to Juno bonus and cashback program & Introducing Juno 2.0
Juno stands at the intersection of banking and cryptocurrency, providing the quickest and easiest access to over 20 blockchains in the United States through ACH, Wire, Cash App, and more. We pride ourselves on promoting self-custody by eliminating mandatory holding periods for crypto withdrawals, distinguishing us from many U.S. crypto exchanges.
The past 18 months have witnessed remarkable growth in crypto and stablecoin sectors. These innovations are essential for creating fair and transparent financial services. At Juno, we are committed to a future where financial control rests with the users, not the banks.
In the past few days, banking services on Juno have been temporarily disrupted. Our team is hard at work collaborating with our banking services provider, Evolve Bank & Trust, and brokerage partner, Synapse Brokerage LLC., to resolve the disruptions as quickly as possible. This disruption, however, further strengthens our commitment to build a future where you are in control of your money at all times, not the banks.
Introducing Juno 2.0 - Reimagining Banking for Tomorrow
In 2024, Juno will focus intensively on developing financial services centered around crypto and stablecoins to ensure that you are always in control of your money. Our goal is to seamlessly integrate banking and crypto infrastructures to foster innovative experiences in savings, payments, and investments, making crypto and stablecoins practical for everyday use.
As part of this strategic realignment, starting May 15, 2024:
Cash held in Juno accounts will no longer accrue the 5.00% bonus, regardless of the account balance.
Additionally, purchases made with the Juno card will no longer receive a 5% cashback.
We recognize that these changes might be disappointing. However, please be assured that this decision was made with careful consideration of our long-term vision to give Juno members financial freedom by placing crypto and stablecoins at the heart of banking and financial services.
Thank you for your understanding and continued support. Should you have any questions or need more information, our customer support team is always here to assist you.
Juno Rates Dropping From 5% To 3%
Juno just sent notices to account holders that they will be dropping their rates from 5% to 3% if balances are below $20k.
"Currently, our cash bonus program lets you earn 5.00% on cash balances only up to $50,000. With this change, you will be able to earn 5.00% on all your cash balances up to $250,000 by simply maintaining a daily closing balance of $20,000."
I literally just signed up with them. This is a bummer because there are a lot of other banks that offer better rates than this.
*Update*
I had a fraudulent transaction that spiraled into $5k worth of funds being spent from my account as they didn't freeze the card. I've been battling since 9/8 to get the funds credited back. They force you to create a report for each transaction and then a few days later you get an automated message stating they are looking into it. I had to chat with them to cancel my card and have a new one issued. I was a metal card member and was told that they can't send me a new metal card as they cost $60 a piece. The basic card was supposedly mailed on 9/11 and as of today, it hasn't arrived. All of their support team is based in Bangalor, which is fine, but they aren't very responsive, which isn't fine.
Awaiting the credit to post and I'm closing my account after less than 2 months with them. There are better options out there and I'm upset that I wasted my time giving these bozos a chance to handle my secondary account.
Money Is Likely Gone
Like thousands of others, I foolishly trusted Juno with my money, thinking they were as safe as any other online-only bank. How wrong I was. I had $5K deposited in Juno when the Synapse fiasco started and all accounts were frozen. Juno didn't even bother to inform me. I only found out when my bill payments started bouncing. Now it sounds like it will be many months before I find out if I will ever see a penny of my money again. Run far away from this this company!
Data as of Q1 2025
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 1299 |
| Year Established | 1925 |
| Employees | 395 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -1.01% |
| Return on Equity - YTD | -10.63% |
| Annual Interest Income | $19.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $1.6B$1.55B |
| Loans | Q1 2025vs Q1 2024 | $964.5MM$1.04B |
| Deposits | Q1 2025vs Q1 2024 | $1.2B$1.12B |
| Equity Capital | Q1 2025vs Q1 2024 | $160.6MM$158.3MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $15.5MM$17.1MM |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $7MM$5.2MM |
| Real Estate Owned | Q1 2025vs Q1 2024 | $451K$602K |