Flexible and Fixed interest accounts explained

Feb 20, 2023
13:02
2 min reading

Choise.com team

Flexible and Fixed interest accounts explained

Choise.com interest accounts are a simple and reliable way to receive passive income with APYs that outpace the traditional market ones. Could you have imagined earning 9% or even 12% yield with bank interest accounts? No way!

Besides, we are in a constant strive for improvement to give you an opportunity to earn even more conveniently. Thus, we have introduced a new type of interest accounts – Flexible, that allow early withdrawal without loss of interest. Let’s dive into the details.

Flexible interest accounts

At the moment the Flexible option is available only for interest accounts in stablecoins – USDT, USDC, BUSD and DAI and only for a 12-month term in Choise.com App. Current APY for all stables is 10%.

By opening a Flexible interest account you receive the opportunity to withdraw your funds whenever you want without losing the interest that occurred on the date of your withdrawal.

The minimum deposit sum is $100 (in USDT, USDC, BUSD and DAI equivalent), the maximum is $5,000,000. There is no restriction on the number of opened interest accounts for one user.

Example

If you deposit 1,000 USDT to open a 12-month Flexible interest account with 10% APY and after 30 days you decide to close it, you will receive 1,000 USDT *10% / 365 (days) * 30 days = 8,22 USDT interest. The total amount (deposit body + interest) will be 1,008.22 USDT.

Fixed interest accounts

When opening a Fixed interest account you receive the opportunity to choose the term – 3, 6, 12, 18 or 24 months. But if you decide to close your Fixed interest account ahead of schedule, you will receive back only the deposit body, no interest will be paid.

The rate of interest for stables currently changes from 9% for a 3-month interest account to 12% for a 24-month interest account.

Fixed

3 Months

6 Months

12 Months

18 Months

24 Months

USDT/USDC/

BUSD/DAI

9.0%

10.0%

11.0%

11.5%

12.0%

You may deposit any amount you like starting from $100 (in USDT, USDC, BUSD and DAI equivalent), but not more than $5,000,000.

For Fixed interest accounts in BTC, ETH, CHO and CRPT the current interest rates are as follows:

	Fixed
	3 Months	6 Months	12 Months	18 Months	24 Months
BTC	3.8%	4.2%	4.6%	5.0%	5.4%
ETH	4.2%	4.5%	5.2%	5.5%	6.0%
CHO	13.0%	14.0%	15.0%	16.0%	18.0%
CRPT	-	-	14.0%	-	-

The minimum deposit sum is 0.01 ВТС or ETH, the maximum is 250 BTC/2500 ETH. For Fixed interest accounts in CHO and CRPT you may deposit any amount from 100 CHO/CRPT to 1,000,000,000 CHO/CRPT.

Flexible vs. Fixed

How to open an interest account in Choise.com App

For opening an interest account in Choise.com App, please, go to “Earn”, choose the currency you deposit, Flexible or Fixed, duration and rate.

Ia App

After you choose all the options, tap on the “Earn” button – and that’s it!

Choise.com. Your Choise to Earn More Convenient.