Can A Crypto Savings Account Beat The Bank?
I’m sick of cash savings rates. Big banks at 0.06%? No thanks. Even the best online savings accounts are only hovering around a miniscule 1%.
Where can I get a decent savings rate anymore? If you’re a holder of cryptocurrencies like bitcoin, possibly in a cryptocurrency savings account, where some accounts are paying 8.6%!
Yes, you read that correctly.
If you think that sounds too out there, so did I. However, in my never-ending quest to find outside-of-the-box investments, I recently researched and opened a cryptocurrency savings account on Blockfi.com, where I’ll earn 8.6% in crypto interest paid monthly to my account. Here is what I found about the benefits and the risks.
Read the full article here.