SwBratcher on Nostr: River now lets you set up an account, deposit that money, and earn 3.8% interest on ...

River (npub1xke…d0en) now lets you set up an account, deposit that money, and earn 3.8% interest on it. The interest is earned daily, and it's paid out monthly in bitcoin. If you look at bitcoin’s history and use that performance, then with 3.8% of your money paid up in bitcoin and held forward, it gives you an effective earnings rate of 10% to 15% on that cash holdings that is still just sitting there in US dollars in an FDIC insured account with a bank. Look into this if you do have US dollar funds that are going to just continue sitting. …here are links. I may get a reward too if you use my link/code 3AA3LDYL to sign up.

https://river.com/signup?r=3AA3LDYL

Here’s their release:

https://river.com/bitcoin-interest

Here's a video for the nitty-gritty of why, and what exactly, by preston (npub1s5y…6q7z) with leishman (npub139n…kwf4) on YouTube.

https://youtu.be/LHS8hsNOiqM

Do you guys currently hold an emergency savings account? This would be something that's in an actual savings account/money market account that is just held in US dollars for a rainy day or in case of emergencies. It's the one that people say should be 3-6 months worth of money. If so, and you do want to keep those as US dollars sitting in an account, this would be perfect for that.