How to Earn 6% Interest on US$ Savings and Stablecoin Deposits

Several months ago, we introduced you to a payment services company that had recently branched out into buying and selling cryptocurrencies — Uphold.com.

Key things we liked about Uphold, included:

• Being able to send crypto (or any of 20 fiat currencies) to other Uphold members anywhere in the world for free. Plus, the funds arrive in minutes.

• Being able to buy and sell over 20 cryptocurrencies — including top Weiss-Rated cryptos like Bitcoin (BTC, Tech/Adoption Grade “A-”), Ethereum (ETH, Tech/Adoption Grade “A”) and Cardano (ADA, Tech/Adoption Grade “B-”).

• Being able to buy and sell virtual gold and silver. (Besides Bitcoin, gold and silver also offer a store of value beyond the reach of government to corrupt. Which is a very valuable thing in an era of QE Infinity — when flagrant money-printing runs wild.)

However, events in the crypto world move very fast. Since then, Uphold has partnered with CredEarn, a financial services platform built by PayPal veterans.

CredEarn makes money by lending to customers (not including short-sellers) in 183 countries.

Because it is not a bank, there is no FDIC deposit insurance. However, via a partnership with an insurance company called Lockton, insurance is provided against hacks, errors and omissions and regulatory coverage.

As a result, Uphold members can now also:

• Earn 6% on U.S. dollar deposits (and also on dollar stablecoin deposits)

• 4% on BTC

• 3% on ETH

• 3% on digital gold

Maybe 3% to 6% yields don't seem very impressive. But in an era when you're lucky to earn 1.5% on your U.S. dollar money fund deposits ... it sure as hell ain't chicken feed!

There is no minimum deposit amount. And interest is paid out and compounded daily. (More frequent compounding results in higher effective yields.) However, accumulated interest is only paid out at the end of the term.

Right now, only six-month terms are available. Loans terms start on the first and 15th of every month.

What if you suddenly decide you want your money back before maturity? No problem.

You can cancel your loan at any time prior to maturity and recover 100% of your principal. But you will leave behind any accrued interest.

Yields Offered on Cryptos, Gold, and Fiat Currencies

To obtain Premium rates (which run 1% to 2% above the Standard rates listed above) you are required to own at least 10,000 LBA tokens. You can think of them as a kind of loyalty points.

You can buy LBA tokens on Uphold like any other crypto. As we write, 10,000 LBA tokens cost about $140.

However, LBA is not a top Weiss-rated crypto. And for this reason, we do not recommend investing in it.

Best wishes,

Juan and Bruce