Earn Up to 20% Interest Per Year From A Savings Account

Are you frustrated with the interest rate you get on your savings?

I bet your bank hasn’t increased your savings rate, despite putting up its borrowing rates as soon as it could.

If you are concerned about the size of your nest egg, or you want a fair rate of interest on your hard-earned money, then read on…

There is now a major new financial institution that offers very attractive interest rates that will help you build your nest egg rapidly.

The fact is that saving money in a traditional bank account will never enable you to build up a serious nest egg. In fact, given increasing rates of inflation, your money is actually worth less every year. Considerably less!

And, I don’t know about you, but, given the choice, I would not be giving my money to any of the big banks. I simply don’t trust them anymore. I can’t think of a single major bank that hasn’t been found guilty of some nefarious activity in the last few years.

So all said and done, I have always been keen to seek out alternatives.

Traditionally, you can choose to invest your money into stocks and shares or property, gold or (since 2008) peer to peer lending to get better returns than a savings account. It is generally true to say that the risks increase in line with the expected reward.

Cryptocurrencies and blockchain investments arrived on the scene in the last decade. You may not yet fully understand what they are or how they work, but, rest assured, they are not a fad. They are being integrated into every industry and are shaping our future in a big way.

And, as you will know, some people have made big profits from Bitcoin and other cryptocurrencies. But those successful crypto investors are in a very small minority who really know what they are doing.

The trouble is only about 5% of investors do know what they’re doing, and they make their money from the 95% who don’t.

So, it’s difficult to know what to do to earn a good return.

But there is now a new option available. I have been using it since last year and, I believe, it offers a very appealing combination of excellent interest rates and low levels of risk.

I’m talking about crypto savings accounts, which are now offered by a handful of fintech companies.

Now please don’t switch off at the mention of the word crypto and dismiss it as being too risky. The truth is you can take advantage of saving your money with these companies using fiat money (e.g. dollars euros or pounds) without ever needing to buy crypto-currency.

Of the available companies, Nexo, is the best well known. Launched in 2018, it is the world’s largest and most trusted lending institution in the digital finance industry.

Nexo empowers millions of people to benefit from the value behind crypto assets to shape a new and more equitable financial system. To give you an idea of its size, at the time of writing it was licensed and regulated to operate in over 200 countries and has over 3.5 million clients.

The Nexo Wallet lets you manage all your assets from a single wallet, while also benefiting from top-tier insurance to the tune of $375 million.

Nexo charges its users very small fees. It does not charge any type of account maintenance fee, and you’re free to withdraw your fiat money or cryptocurrency at any time without incurring charges.