Rand has launched the new Earn 4.0 account, designed to offer higher savings. With this update, users can earn up to 6,5% APY through a structure that rewards loyalty with incremental APY based on balance and maintaining savings without withdrawals.

It starts with a minimum base of 4% APY based on the user's balance, which can be significantly higher. All users will receive a bonus of +0,1% every 30 days they maintain their balance, up to a maximum of 6,5%.

Earn Account: Up to 6.5% APY on Your Savings

Rand launches the new Earn 4.0 account, an updated and optimized version designed to maximize savings returns. This new platform offers greater flexibility, rewards user loyalty, and maintains the simplicity and accessibility that make Rand unique.

Previously, the Earn account allowed Rand Pro users to earn up to 6% APY. However, with the elimination of the Rand Pro level, Rand has introduced a financial structure that enables everyone to achieve up to 6.5% APY.

This new approach provides higher returns for those who maintain their savings over the long term, removing barriers and rewarding loyalty with incremental APY.

How Does the New Incremental APY Structure Work?

Now, the APY you can earn in your Earn account depends on two main factors: your balance and an additional bonus you can earn simply by not withdrawing your savings. Here’s how the APY is distributed based on your balance:

• ‍4% APY: Balance of €50 to €1,999
• ‍4.5% APY: Balance of €2,000 to €4,999
• ‍5% APY: Balance of €5,000 to €19,999
• 5.5% APY: Balance of €20,000 to €49,999
• 6% APY: Balance of €50,000 or more

However, there is more to it: The real innovation lies in the opportunity to enhance your base APY with a loyalty bonus, reaching up to 6,5% APY.

How to Achieve 6,5% APY?

Rand rewards user loyalty with a bonus APY added to the base APY.

For every 30 days you maintain your balance without making withdrawals, you’ll receive a +0,1% increase in your APY, up to a maximum of 6,5% APY.

For example: If your base APY is 4%, you could accumulate an additional bonus of up to 2,5%, allowing you to reach a total APY of 6,5% over time.

It’s important to note that this bonus accumulates only if no withdrawals are made during the 30-day period. If you choose to withdraw funds, you’ll lose the month’s bonus, and your bonus APY will reset to 0%.

However, if you need to withdraw funds without losing your accumulated bonus, Rand offers the option to use Withdrawal Passes.

New Interface for the Earn Account

With this update, Rand has also improved the Earn account interface, making it more intuitive and functional. From your account, you can always see how many days remain until you reach the next bonus and how much you’ll have saved in the coming months thanks to compound interest.

Additionally, the LEARN section now includes all the information needed to understand how to maximize your savings, along with a benefits calculator so you can project your wealth growth over time.

Conclusion

Rand’s new Earn account offers a more inclusive and accessible way for all users to make the most of their savings. With the potential to reach up to 6,5% APY, Rand is making long-term savings more rewarding than ever.

Start saving today and watch your money grow with Rand!