The first win-win solution
Whale is a renter owned, high-yield savings account that locks for a renter’s lease term, ensuring landlords have access to the full deposit before it's returned electronically at lease end.
Advisory services are offered by Build Whale, Inc., an SEC-registered Investment Advisor. Funds are held by Alpaca, member FINRA SIPC. Each renter’s account is FDIC-insured up to $1,000,000.
A transformative
approach
How it works
Whale requests rental deposit
Once a renter's lease is approved, Whale immediately requests their deposit.
Whale locks deposit and confirms receipt
The deposit is held in cash and can only be unlocked by the landlord at lease end.
Renter earns interest
The renter earns up to 3.2% (APY) interest monthly.
Renter moves out and any charges are deducted.
Landlord completes their move-out process and Whale transfers the amount owed to the their bank account.
Deposit is unlocked
The balance after any move-out charges is unlocked immediately for withdrawal.
Trusted by Landlords
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Mark Chrisman
"Eliminating the burden of administering thousands of security deposits each year has been a huge win for our operations, finance, and on-site teams. Our residents love that they're earning money each month and are pleased to get their deposit back instantly when they move-out. Talk about a win-win."
Landlord - Haven Residential, 14,000 units
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Tommy Ostendorf
"When I saw the tenant's deposit in Whale and off my books it was a good feeling. Like relieving me of a burden. I was a little concerned about the process and making the change, but it was so easy and that feeling of relief makes it feel like Whale should be a no brainer for landlords."
Landlord - 15 units
Frequently asked
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