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Compare The Best Ethereum Savings Accounts
September 2022

EARN UP TO 7.2% APY ON YOUR ETHEREUM. You could start earning a substantial passive income on your idle Ethereum assets. Deposit your Ethereum crypto on one of the platforms below to start earning interest immediately. Many accounts offer instant access and very competitive rates.
48 savings accounts monitored
Platform Reviews Advantages Interest Rate
Bulgaria
87%
Compare
$25 Free BTC When you deposit $100 or more in assets on the platform. View all Nexo deals
tickVery simple & easy to use
tickNo hidden fees
tickInterest paid daily
FROM
1.5%
APR
TO
7%
APR
Interest paid DAILY
Go To SiteGo
Estonia
89%
Compare
Earn 0.1% cashback on every exchange and loan + 0.05% monthly cashback on savings. View all Coinloan deals
tickHigh LTV of up to 70% available on loans
tickHigh savings account interest rates
tickDaily compound interest
FROM
5.2%
APY
TO
7.2%
APY
Interest paid MONTHLY
Go To SiteGo
United States
76%
Compare
Get $250 free BTC when you deposit $100,000. CodeClick to Reveal Code View all BlockFi deals
tickTransfers in and out of savings account are instant
tickGood customer support including phone support
tickOne of the only major platforms to be based in and fully regulated in the US
FROM
2%
APY
TO
3.5%
APY
Interest paid MONTHLY
Go To SiteGo
Switzerland
82%
Compare
tickVery high LTV up to 90% available on loans
tickInnovative Multi-HODL product allows market speculation with savings funds
tickTurbocharge allows highly leveraged speculation on crypto assets with multiple loans on one deposit of collateral
4%
APR
Interest paid WEEKLY
Go To SiteGo
Hong Kong
78%
Compare
$50 free CRO when you deposit $1,000 or more in CRO. CodeClick to Reveal Code View all Crypto.com deals
tickFully comprehensive suite of crypto services.
tickAutomatically buy cryptos on a fixed schedule - great for dollar cost averaging.
tickRegulated & trustworthy.
FROM
0.25%
APR
TO
1%
APR
Interest paid WEEKLY
Go To SiteGo
United Kingdom
75%
Compare
tickVery low loan rates available
tickNo origination or early redemption fees
tickInterest accrued every second
0.0825%
APY
Interest paid DAILY
Go To SiteGo
Lithuania
94%
Compare
10% off fees 10% off trading fees. CodeClick to Reveal Code View all Binance deals
tickThe biggest crypto platform in the world
tickHuge array of innovative crypto related services
tickHigh liquidity exchange offers competitive rates
FROM
0.1%
APY
TO
1.8%
APY
Interest paid DAILY
Go To SiteGo
United States
84%
Compare
Earn 20% referral fees Earn 20% on the trading fees for any friend that you refer to Kraken. View all Kraken deals
tickOne of the biggest crypto exchanges in the world
tickLarge selection of supported cryptocurrencies
tickVery competitive maker and taker fees
5.5%
APR
Interest paid WEEKLY
Go To SiteGo
United States
90%
Compare
$10 free Bitcoin when you buy or sell more than $100. View all Coinbase deals
tickThe largest crypto exchange in the US
tickSimple, easy to understand interface
tickFully regulated in the US
4.5%
APY
Interest paid DAILY
Go To SiteGo
Singapore
91%
Compare
Free 70 USDT When you deposit $11,000. CodeClick to Reveal Code View all Hodlnaut deals
tickVery simple easy to understand interface
tickInterest accrued daily and paid out weekly
tickEnhanced interest rates available for big depositors (over 100 BTC)
FROM
2%
APR
TO
4.5%
APR
Interest paid WEEKLY
Go To SiteGo
United Kingdom
82%
Compare
£10 Free BTC when you buy or sell £100 in crypto. CodeClick to Reveal Code View all Luno deals
tickEasy to use mobile and web apps
tickGreat for beginners
tickStrong support in a number of developing countries
2%
APR
Interest paid MONTHLY
Go To SiteGo
United Kingdom
80%
Compare
$100 USDC free Get $100 free in USDC when you deposit $2,000. CodeClick to Reveal Code View all AQRU deals
tickSimple, easy to use interface.
tickCompetitive exchange rates.
tickCompetitive interest rates for large deposits.
1%
APY
Interest paid EVERY SECOND
Go To SiteGo
Important Message Definda does not provide any financial advice. All information is provided for research purposes only. DeFi is a rapidly evolving industry. Most businesses in the sector are very young and it is possible that some of them could go out of business in the future. Such an event could result in the loss of your investment. You should do your own research or consult a financial advisor before investing any money. Please read and satisfy yourself with our terms before continuing to use our website. We offer a free impartial comparison service of savings, loans and other DeFi products. We may receive a small commission from some of the companies listed, but this never influences our rankings. If you spot any errors in the information listed then please contact us at info@definda.com.

What Is an Ethereum Saving Account?

Ethereum is the second biggest cryptocurrency in the world. You can lend your Ethereums and receive a yield in return. There are many Altcoins created on Ethereum’s ERC Network. People need ethereum to swap, convert or trade ERC based Altcoins. Traders also borrow Ethereum to use leveraged positions. ERC network is a PoS network and validators need to stake Ethereum for more mining rewards. In short, Ethereum is widely used and there is a big demand for Ethereum in the market.

Many Defi and centralized finance companies are offering Ethereum saving accounts with good yields. You can lend your Ethereum coins in return for profit. The length of the saving account varies by platform and company. You can lend in a flexible term, 3 months, 9 months, or one year terms. it is usually the longer term you choose, the better the return is.

The yield on Ethereum saving accounts also varies depending on the platform and company. Platforms are offering up to %7 APY. Decentralized platforms don’t require you any KYC, background check, or credit score.

Why do Platforms pay Interest for Ethereum?

Ethereum is the cryptocurrency with the second largest market cap. There are more than 400 thousand ERC20 crypto tokens based on Ethereum. You can buy and sell all those tokens with Ethereum. Some people trade different crypto coins and tokens actively. Ethereum is used as an intermediate currency.

Ethereum is a PoS network and requires its validators to have some amount of Ethereum to be eligible to mine and validate blocks. Mining and validating rewards will be based on how many Ethereum coins are staked.

What is PoS Network and Staking

Ethereum is a Proof of Stake (POS) network while Bitcoin is a Proof of Work (POW) network. Each transaction must be validated by the validators whenever a transaction occurs in the POW network, but the POS network doesn’t require that much computing. POS network validates transactions as blocks and stakes with randomly selected validators.

Ethereum and its POS network system require less computing power. Validators can create and validate blocks based on their staked amount. Validators are willing to share their income with Ethereum lenders. Because validators borrow Ethereum instead of buying.

What are the requirements for Ethereum Saving Account?

Different companies and platforms have different requirements. There can be a minimum and maximum amount requirement to avoid extra transaction fees.

Some centralized platforms require their users to complete a KYC process and verify their identities.

What are the Advantages of an Ethereum Saving Account?

The good thing about the Ethereum saving account is not only the interest you earn but also the change in price over time. Ethereum's price is going up constantly since its launch. Ethereum saving accounts are a great investment option against the growing inflation concerns.

Ethereum saving account usually has a higher APR compared to traditional fiat currency saving accounts. Traditional banks will pay less than %1 APR on a dollar saving account for dollars. But Ethereum saving accounts offer more than %5 - %6 APR.

Some platforms also offer loans secured against your Ethereum saving account. For example, If you have 10 Ethereum on your saving account, you will be able to borrow some funds using your saving account funds collateral. It helps you with the time terms and protects you against emergency spending.

Platform Comparisons

Article by Yunis
23 July 2021 (Updated 27 September 2022)

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