Nexo Interest Accounts

Nexo

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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)

🥇 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

Customer Support

Company Reputation

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	Optional, Yes
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	Worldwide
Excluded regions	Afganistan, Bulgaria, Burma (Myanmar), Central African Republic, Cote d’Ivoire, Cuba, Democratic Republic of Congo, Eritrea, Estonia, Iran, Iraq, Lebanon, Libya, North Korea, Sierra Leone, Somalia, South Sudan, Syria, Yemen, Zimbabwe
KYC	Yes
Credit Check	No

Savings Information

Supported Fiat Currencies	EUR, GBP, USD
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
LINK 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