Crypto banks' savings rates are ten times greater than high street, but are they safe?
- Written by Matthew Shillito, Lecturer in Law, University of Liverpool
Big rates, not insignificant risks.Velishchuk YevhenLeading crypto banks such as BlockFi and Nexo are attracting a lot of attention. Customers can earn an APY (annual percentage yield) of up to 12%, dwarfing high-street savings accounts, whose interest rates are sub-1%. But before you rush to transfer your hard-earned savings, there’s some...