The bank will help doctors to plan their budgeting and manage payments
Laurel Road, a brand of KeyBank has unveiled Laurel Road for Doctors digital bank for physicians and dentists in the US.
The bank aims to help ease the burden for doctors of paying down student debt, finding more balance between work and life, and planning for the future.
Laurel Road for Doctors will offer a credit card with cashback and savings account when refinancing student loans to build savings while obtaining an even lower interest rate.
What is more, it will provide personalized data that allows doctors to compare against those in similar specialties on salary, debt, etc, utilize educational content to build financial literacy, and access custom insights for budgeting.
According to Laurel Road and The White Coat Investor’s survey, 66% of doctors plan to be more financially focused in 2021 to benefit their career and personal financial security compared to 2020.
We’ve reported that Wells Fargo announced financial assistance to Black-owned banks.