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Nexo Interest Accounts

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Nexo Savings offers compounding daily interest for Fiat and cryptocurrencies. APY ranges from 4-12%, with users rewarded with increased rates for holding between 1-10% of their account's value in Nexo's native token. These fixed rate payouts are further raised if stakers choose to be paid in NEXO tokens. Depending on NEXO token holdings, users will qualify for Silver, Gold and Platinum level accounts. Learn all about these accounts and the pros & cons of a Nexo savings account below.

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9/10 (Expert Score)
๐Ÿฅ‡ Product is rated as #1 in category Interest Accounts

Nexo savings, also known as "Crypto Earn" allows you to earn attractive compounding daily interest on both cryptocurrency and fiat currency; with optional staking for preferential rates. There are no minimum terms, so you can withdraw your funds at any time and you will only be charged standard network/gas fees for cryptocurrency, and no fees for fiat.

Base level is the lowest level savings account, requiring no staking of NEXO tokens, whilst still offering attractive compounding daily interest rates of up to 6% on cryptocurrencies and 10% on stable coins. Nexo Silver level is the second level savings account that requires 1-5% staking of NEXO tokens. It offers marginally increased interest rates of up to 6.25% on cryptocurrencies and 10.25% on stable coins.

Moving on, Nexo Gold level allows you to earn increased interest on both cryptocurrency and fiat currency in comparison to Silver level, but also requires you to hold a significant 5-10% of your portfolio in NEXO tokens. If you stake this amount, you can earn 4.5-5% interest in kind on selected fiat and cryptocurrencies, which is bumped up to 6.5% if you agree to have your interest paid in NEXO tokens, and 9-11% on stable coins.

Finally, Nexo Platinum level is the highest level savings account that requires at least 10% staking of NEXO tokens. It offers the highest interest rates of up to 7% on cryptocurrencies, 12% on stablecoins and 8% on USD/EUR/GBP.

Supported currencies
8.5
Interest Rates
7
Customer Support
7
Company Reputation
8
Overall Experience
8.5
PROS:
  • Great interest rates regardless of staking
  • Unique compounding daily interest
  • A well established, trusted company in the space
  • Available worldwide, including the US
  • Supports cryptocurrency, stablecoins and fiat currency
  • Option to receive an additional 2% if you receive interest in NEXO tokens
  • Receive up to 7% interest on cryptocurrencies, 8% on USD/EUR/GBP, and 12% on stablecoins if you stake 10%+ in NEXO tokens
CONS:
  • Requires reasonably high staking to receive bonus interest. Essentially, you need to be bullish on the token
  • Nexo is a centralised finance (CeFi) platform, which requires KYC checks, and means you don't own your keys
  • Many questions are unanswered about where the company is regulated, and who by
  • Their interest rate can vary at any time as per their terms and conditions.

Specification: Nexo Interest Accounts

Loan Information
Staking ,
Staking Percentage 1 - 10% NEXO tokens in portfolio
Company & Availability
Headquarters London
Year of origin 2017
Number of users 550,000
Insurance Coverage Pooled
Previously hacked No
Eligible regions
Excluded regions Afganistan, Bulgaria, Burma (Myanmar), Central African Republic, Cote dโ€™Ivoire, Cuba, Democratic Republic of Congo, Eritrea, Estonia, Iran, Iraq, Lebanon, Libya, North Korea, Sierra Leone, Somalia, South Sudan, Syria, Yemen, Zimbabwe
KYC
Credit Check No
Savings Information
Supported Fiat Currencies , ,
Supported Cryptocurrencies
Lockup term Flexible
Interest Payments Daily
Rate Variability Fixed
Compounding Yes
Gas fees Yes
Withdrawal fees 3 free withdrawals per month, standard network fees charged for withdrawals thereafter
Cryptocurrency APY Interest
BCH APY Base: 4% Paid in Kind, 6% Paid in NEXO, Gold: 4.5% Paid in Kind, 6.5% Paid in NEXO, Platinum: 5% Paid in Kind, 7% Paid in NEXO, Silver: 4.25% Paid in Kind, 6.25% Paid in NEXO
BNB APY Base: 4% Paid in Kind, 6% Paid in NEXO, Gold: 4.5% Paid in Kind, 6.5% Paid in NEXO, Platinum: 5% Paid in Kind, 7% Paid in NEXO, Silver: 4.25% Paid in Kind, 6.25% Paid in NEXO
BTC APY Base: 4% Paid in Kind, 6% Paid in NEXO, Gold: 4.5% Paid in Kind, 6.5% Paid in NEXO, Platinum: 5% Paid in Kind, 7% Paid in NEXO, Silver: 4.25% Paid in Kind, 6.25% Paid in NEXO
EOS APY Base: 4% Paid in Kind, 6% Paid in NEXO, Gold: 4.5% Paid in Kind, 6.5% Paid in NEXO, Platinum: 5% Paid in Kind, 7% Paid in NEXO, Silver: 4.25% Paid in Kind, 6.25% Paid in NEXO
ETH APY Base: 4% Paid in Kind, 6% Paid in NEXO, Gold: 4.5% Paid in Kind, 6.5% Paid in NEXO, Platinum: 5% Paid in Kind, 7% Paid in NEXO, Silver: 4.25% Paid in Kind, 6.25% Paid in NEXO
LTC APY Base: 4% Paid in Kind, 6% Paid in NEXO, Gold: 4.5% Paid in Kind, 6.5% Paid in NEXO, Platinum: 5% Paid in Kind, 7% Paid in NEXO, Silver: 4.25% Paid in Kind, 6.25% Paid in NEXO
PAS APY Base: 4% Paid in Kind, 6% Paid in NEXO, Gold: 4.5% Paid in Kind, 6.5% Paid in NEXO, Platinum: 5% Paid in Kind, 7% Paid in NEXO, Silver: 4.25% Paid in Kind, 6.25% Paid in NEXO
PAXG APY Base: 4% Paid in Kind, 6% Paid in NEXO, Gold: 4.5% Paid in Kind, 6.5% Paid in NEXO, Platinum: 5% Paid in Kind, 7% Paid in NEXO, Silver: 4.25% Paid in Kind, 6.25% Paid in NEXO
TRX APY Base: 4% Paid in Kind, 6% Paid in NEXO, Gold: 4.5% Paid in Kind, 6.5% Paid in NEXO, Platinum: 5% Paid in Kind, 7% Paid in NEXO, Silver: 4.25% Paid in Kind, 6.25% Paid in NEXO
XLM APY Base: 4% Paid in Kind, 6% Paid in NEXO, Gold: 4.5% Paid in Kind, 6.5% Paid in NEXO, Platinum: 5% Paid in Kind, 7% Paid in NEXO, Silver: 4.25% Paid in Kind, 6.25% Paid in NEXO
XRP APY Base: 4% Paid in Kind, 6% Paid in NEXO, Gold: 4.5% Paid in Kind, 6.5% Paid in NEXO, Platinum: 5% Paid in Kind, 7% Paid in NEXO, Silver: 4.25% Paid in Kind, 6.25% Paid in NEXO
Fiat Currency APY Rates
EUR APY Base: 4% Paid in Kind, 6% Paid in NEXO, Gold: 5% Paid in Kind, 6.5% Paid in NEXO, Platinum: 5% Paid in Kind, 6.5% Paid in NEXO, Silver: 4.25% Paid in Kind, 6.25% Paid in NEXO
GBP APY Base: 4% Paid in Kind, 6% Paid in NEXO, Gold: 5% Paid in Kind, 6.5% Paid in NEXO, Platinum: 5% Paid in Kind, 6.5% Paid in NEXO, Silver: 4.25% Paid in Kind, 6.25% Paid in NEXO
USD APY Base: 4% Paid in Kind, 6% Paid in NEXO, Gold: 5% Paid in Kind, 6.5% Paid in NEXO, Platinum: 5% Paid in Kind, 6.5% Paid in NEXO, Silver: 4.25% Paid in Kind, 6.25% Paid in NEXO
Stablecoin APY Rates
DAI APY Base: 8% Paid in Kind, 10% Paid in NEXO, Gold: 9% Paid in Kind, 11% Paid in NEXO, Platinum: 10% Paid in Kind, 12% Paid in NEXO, Silver: 8.25% Paid in Kind, 10.25% Paid in NEXO
HUSD APY Base: 8% Paid in Kind, 10% Paid in NEXO, Gold: 9% Paid in Kind, 11% Paid in NEXO, Platinum: 10% Paid in Kind, 12% Paid in NEXO, Silver: 8.25% Paid in Kind, 10.25% Paid in NEXO
TUSD APY Base: 8% Paid in Kind, 10% Paid in NEXO, Gold: 9% Paid in Kind, 11% Paid in NEXO, Platinum: 10% Paid in Kind, 12% Paid in NEXO, Silver: 8.25% Paid in Kind, 10.25% Paid in NEXO
USDC APY Base: 8% Paid in Kind, 10% Paid in NEXO, Gold: 9% Paid in Kind, 11% Paid in NEXO, Platinum: 10% Paid in Kind, 12% Paid in NEXO, Silver: 8.25% Paid in Kind, 10.25% Paid in NEXO
USDT APY Base: 8% Paid in Kind, 10% Paid in NEXO, Gold: 9% Paid in Kind, 11% Paid in NEXO, Platinum: 10% Paid in Kind, 12% Paid in NEXO, Silver: 8.25% Paid in Kind, 10.25% Paid in NEXO
Asset protection & Insurance
Audited BitGo
Cold Storage Yes
Company Backing N/A
FDIC insurance No
Insured by Arch and Marsh, BitGo

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