How to Save MoneySavings

How to Save Money With Crypto Interest Account? 5 Steps Guide

5 Mins read
  • Were you thinking about dipping a toe into crypto? 
  • What is the crypto interest account?
  • How does crypto interest work?

Crypto savings accounts may enable you to earn a far higher rate of return than you would otherwise. In contrast to bank or credit union savings accounts, these accounts do not provide the same degree of protection. Therefore, before investing in a crypto savings account, it’s essential to understand how they work and their advantages and disadvantages.

Following a thorough understanding of how these accounts work, you’ll want to know where you can earn the most money. In this article, we’ll answer all of your burning questions about crypto-based savings accounts and suggest our top picks for 2022.

What is the crypto interest account?

Opening a crypto savings account allows users to profit from their crypto investments. They operate in a similar way to regular banks in this regard.

These “savings” and “interest” accounts are still in their infancy. Nevertheless, you can’t find a better rate of return than this one. Your annual percentage yield (APY) will fluctuate based on whether you choose a fixed or flexible term.

On the other hand, these accounts are less secure than savings accounts held through a bank or credit union. Therefore, before you invest in a crypto savings account, you should familiarize yourself with the pros and cons.

How does crypto interest work?

The interest earned on these savings accounts is credited to your account each year. Although these accounts employ crypto to predict their earnings, these accounts do not, unlike banks. Fans of cryptocurrencies will like this. However, fresh people to the Bitcoin market may also find it difficult to understand.

How to save money crypto interest account?

Choosing a crypto savings program with a reasonable rate of return is essential. BlockFi and Webull, for example, provide returns of more than 9%. Current banks are unable to equal these quantities. On the other hand, banks often provide a far lower rate. For example, Anchor Protocol offers a savings account with an annual interest rate of around 20%.

Best crypto interest accounts for 2022


Binance, established in 2017, is the biggest crypto exchange globally. Now, it offers a wide variety of financial goods.

Binance dashboard
Binance dashboard

What is Binance best for?

Binance is a well-known crypto trading platform. Customers praise it for its large selection of traded cryptos, responsiveness to support requests, and the ease with which it may be used.

Binance Earn is the platform’s take on the traditional savings account. The company markets it as a complex set of tools that allow people to make money without any effort. Because the platform is so popular, this effort has also profited from that fact.

Binance Earn provides a variety of options when it comes to slashing costs. For example, stablecoins may expect a 6% yearly return if kept in a safe place. On the other hand, investors who own Bitcoin would see a dividend yield of about 1.2%. In addition, consumers may expect yearly profits of up to 25% from other cryptos.


When using Binance, fees are calculated based on several factors, including the verified status of the user’s account and the financial instrument used. As a result, the platform claims to have lowered slippage and handling fees for its members. Additionally, depending on the crypto, trading and withdrawal fees are required.


If you’re looking to buy or sell Bitcoins or any other crypto, here is the place. It is another top-rated crypto savings account. Examples are portfolio-backed loans, no-fee trading, and dividends from savings accounts.

BlockFi dashboard
BlockFi dashboard

What is BlockFi best for?

Assets are held in cold storage in a safe environment thanks to the BlockFi platform’s features. Besides its savings service, the site offers a limited number of users with crypto loans. It also provides FDIC insurance coverage for up to $250,000 in cash assets. Besides a few sanctioned countries, BlockFi is also available to everybody worldwide.


The website charges neither monthly fees nor minimum deposits. dashboard dashboard

It is one of the most rapidly expanding cryptocurrency exchanges. Over 250 different cryptos may be traded. In addition, derivative financial products, such as NFTs and cryptographic goods, are also available. also offers several rewards and incentives. Several other cryptos may be deposited into the company’s savings program.

What is best for?

There’s no doubt that is one of the largest and most well-known crypto exchanges. A wide range of people may use it. You may trade futures and non-fungible tokens on the site. There is a desktop program available everywhere except in the United States.

On top of all that, the site offers some of the finest rewards. It includes a wide range of currencies that may be added to the account. To put it another way, it’s a viable option for a savings plan. Consumers must keep their money for an extended period to get the most effective rates of return. The interest rates offered by are said to be some of the best in the business. The company’s website estimates that this might reach 14.5%. To be eligible, users must satisfy a set of requirements.


On, several charges are incorporated. There has been an increase in transaction fees to 0.40%. The number of deals affects this. Making a deposit is free of charge. On the other side, withdrawal fees vary based on the crypto being withdrawn.


It is one of the world’s leading crypto exchanges and a well-known Bitcoin wallet. Additionally, its savings program was well-known. This has changed in recent years. Only a small number of customers in the United States have access to Coinbase’s service. Anyone else interested in applying will be put on a waiting list.

Coinbase dashboard
Coinbase dashboard

What is Coinvase best for?

Coinbase is one of the most advanced crypto trading platforms today. In addition to the previously mentioned possibility of saving, further advantages exist. When new user signs up, they are usually awarded a bonus. Customers of Coinbase who satisfy the qualifications may earn an APY of up to 4% on their USDC balance. Using the Coinbase Earn program, you may also earn Bitcoin regularly.


From 0% to 0.5%, Coinbase charges trading fees for transactions on its platform. Additionally, a 2.49% withdrawal fee is included in the transaction.


To find the best overall high-interest crypto savings account, we recommend AQRU. A relatively newcomer to the world of crypto-savings services, it has only been up and running since December 2021. However, besides being one of the safest crypto savings accounts, AQRU is a beautiful anchor.

Aqru homepage
Aqru homepage

What is Aqru best for?

The main benefit of Aqru is that interest rates are flat and apply to all your funds, rather than being tiered, requiring you to deposit a certain amount to earn the highest yield. Whatever amount of BTC or ETH you hold, you earn 7%, whereas you could earn higher on other crypto savings accounts but need to deposit or stake a significant amount.


AQRU requires a minimum deposit of $100 and no minimum withdrawal requirement as long as clients can finance the $20 withdrawal fee. Bitcoin, Ethereum, USDT, USDC, and DAI may be deposited and invested by users. In addition, AQRU may introduce other currencies if the crypto assets meet their strict requirements.

Final thoughts

This article discusses the ideal crypto savings account for you and the many other aspects that may affect your platform of choice. A high-yield crypto savings account may offer a new source of passive income as the crypto industry and markets grow in technology and investments.

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