Now, users can earn up to 6.5% APY on the Earn account depending on two factors: their account balance and an additional bonus that is easily obtained by keeping their savings in the account. At Rand, we ensure that everyone has opportunities to maximize their earnings, allowing all our users to reach the 6.5% return on their savings but also, they can get some benefits or extra APY in  Points Menu.

Points

Within the Rand app, users can access the Points Menu to exchange points for benefits. They can also earn free points in the Milestones section or here or purchase them directly in the Points Menu.

What Can You Get in the Points Menu?

• Protect Bonus APY
• 0.3% APY Bonus
• Free Card Deposit

What It is Protect Bonus APY?

Protect my bonus APY or the Withdrawal Passes are a practical solution offered by Rand for users who need to withdraw funds from their account but want to keep their APY bonus intact. Each time a withdrawal is made, the APY bonus resets to zero, which can be a challenge if you have been accumulating this bonus for several months. With a Withdrawal Pass, you can avoid this reset and continue enjoying your APY bonus.

How to Use Protect my Bonus APY in Rand to Maintain Your APY Bonus

Rand rewards users with an additional APY (Annual Percentage Yield) for keeping their savings in the account long-term without making withdrawals. This bonus APY can increase up to 6.5%, meaning the longer you keep your balance intact, the higher your earnings. But what happens if you need to make a withdrawal and don’t want to lose your bonus? This is where Withdrawal Passes/Protect Bonus APY come in.

How to Get Protect Bonus APY in the Points Store

Rand has made it easy to purchase it through the Points Menu. You can redeem your points for this protection, available in values ranging from €100 to €100,000. 1 point = 1 euro (if you want to withdraw 100 euros, you will need 100 points).

Here’s how it works:

• Store: In the store, you can use your points to acquire it or buy more points to exchange them for passes or other benefits.
• Protect My Bonus APY Section: You’ll find options to withdraw up to €100,000 to your bank account without losing your APY bonus.

Values (where €100 is the total withdrawal amount and 100 points are required, meaning 1 point = 1 euro):

• €100: 100 points
• €1,000: 1,000 points
• €10,000: 10,000 points
• €100,000: 100,000 points

Benefits of Protect My Bonus APY

• Keep Your APY Bonus: Using it prevents your bonus APY from resetting. This is ideal if you have accumulated a significant bonus and don’t want to lose it.
• Financial Flexibility: Withdrawal Passes allow you to access your funds when needed without worrying about losing the benefits of your long-term savings plan.

How to Get a Free Card Deposit in the Points Store

Additionally, you can redeem your points in the store to make free card deposits. For 750 points (equivalent to €4.99 and €9.99 in Cards), you can avoid the card deposit fee.

When you create an account on Rand, you receive a free card deposit as a gift. However, if you want to save it for later, remember that SEPA bank transfers are always free. While they are not instant, they usually take no more than two business days.

How to Buy an Additional 0.3% APY Bonus

In the Rand Points Store or directly in your Earn Account, you have the option to acquire an additional 0.3% bonus to increase your Earn account’s APY. You will need to purchase or redeem 1,000 points to obtain it.

This bonus is not cumulative; you can only have one active at a time, and it will be lost if you withdraw funds from the Earn account. In that case, you can purchase another +0.3% APY Pass again.

Conclusion

These new benefits from the Store will help you save even more, such as the additional 0.3% APY on your Earn account or the flexibility provided by the Withdrawal Passes. Additionally, the option to buy free passes for card deposits ensures that your higher-value deposits won’t have fees.

Withdrawal Passes in Rand are an excellent tool for those who want flexibility to access their funds without sacrificing their savings performance. By purchasing these passes through the Rand Store, you can keep your APY bonus intact and continue enjoying the benefits the platform offers.

Take advantage of this option to maximize your savings and ensure your money continues working for you, even when you need to make withdrawals.

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