On December 27, 2022, Midas Investments announced it is closing down the Midas platform.
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The Finder Crypto Savings Awards recognize crypto savings products for their competitive interest rates, cryptocurrency options and access to your money. Our banking and personal finance experts analyzed more than 20 crypto savings products on the market, rating each one against seven cryptocurrency and banking criteria.
We identified one winner and two runner-ups in eight award categories. Here are crypto savings products that outshine their competitors in 2022.
Best Overall: Midas Investment
Midas Investments specializes in generating passive crypto income. This custodial yield aggregator offers lucrative yields on more than 20 digital assets that include BTC, ETH and USDC. Deposit your favorite cryptocurrency onto the platform or opt for its Yield Automated Portfolio (YAP) to diversify by investing in a curated collection of coins. While the company’s YAPs offer up to 13.1% APY, you must swap your YAP positions to another digital asset and pay the swap rates to withdraw your positions — including a routing and market spread fee.
Highly commended
- Crypto.com Earn
- MyConstant Deposit USD
Compare all crypto savings accounts.
On November 17, 2022, MyConstant announced that they’re limiting their business activities and pausing withdrawal, deposit and investment requests.
Best for USD Deposits: Gemini Earn
Gemini is among the few crypto exchanges available in all 50 states, making it a great option for US residents looking to buy, save, invest and earn crypto on one platform. When you’re ready to earn money on your coins, transfer them to Gemini Earn to earn interest that’s paid out daily. Withdraw your digital assets anytime with no transfer or withdrawal fees.
Highly commended
- Outlet Finance savings
- Crypto.com Earn
Compare all crypto savings accounts.
On 16 November 2022, Gemini announced that it had temporarily paused customer redemptions for its Gemini Earn product.
Gemini stated on its blog that it will not be able to meet its service-level agreement for redeeming the digital assets customers have lent through Gemini Earn within 5 days of redemption request. This does not impact any other Gemini products and services.
Best for Supported Currencies: Gemini Earn
Unlike some crypto exchanges that support select cryptocurrencies on interest-earning accounts, Gemini Earn supports more than 50 coins, including stablecoins like USDC and DAI. Gemini Earn lets you lend your coins to accredited third-party institutional borrowers like Genesis and earn interest on your holdings. You can move your crypto — and any accrued interest — back to your trading account at any time, with interest paid daily at 4 p.m. ET.
Highly commended
- Crypto.com Earn
- CoinLoan Earn
Compare all crypto savings accounts.
On 16 November 2022, Gemini announced that it had temporarily paused customer redemptions for its Gemini Earn product.
Gemini stated on its blog that it will not be able to meet its service-level agreement for redeeming the digital assets customers have lent through Gemini Earn within 5 days of redemption request. This does not impact any other Gemini products and services.
Best for Saving & Spending: Crypto.com Earn
Crypto.com Earn balances rewards with convenient withdrawals when you choose its flexible term. Transfer your cryptocurrency, including stablecoins, to your Earn account to start earning crypto rewards immediately. While Crypto.com requires you to deposit a minimum threshold to earn interest, you’ll pay no fees to deallocate or withdraw your crypto. And you can transfer your coins from your Earn account back to your wallet at any time.
Highly commended
- MyConstant Deposit USD
- Gemini Earn
Compare all crypto savings accounts.
On November 17, 2022, MyConstant announced that they’re limiting their business activities and pausing withdrawal, deposit and investment requests.
Best for Large Balances: Midas Investment
Midas Investments is a passive crypto income platform that doesn’t limit how much you can deposit. Transfer large balances and earn competitive APY on more than 20 digital assets, including USDC, BTC and ETH. Purchase your preferred coins and deposit them onto Midas to receive your daily reward, or opt for the Yield Automated Portfolio (YAP) for automated asset management.
Highly commended
- Crypto.com Earn
- MyConstant Deposit USD
Compare all crypto savings accounts.
On December 27, 2022, Midas Investments announced it is closing down the Midas platform.
On November 17, 2022, MyConstant announced that they’re limiting their business activities and pausing withdrawal, deposit and investment requests.
Best for High Yield: Crypto.com Earn
Crypto.com Earn offers one of the highest rates for crypto savings products. You can earn up to 14.5% on your cryptocurrency and up to 8.5% for stablecoins. While yields don’t compound, the longer you lock money away, the more you stand to earn. Crypto.com Earn offers one-month and three-month terms, as well as a flexible term that allows you to withdraw your cryptocurrency at any time. Flexible term plans require a minimum deposit to earn rewards.
Highly commended
- MyConstant Deposit USD
- Midas Investment
Compare all crypto savings accounts.
On November 17, 2022, MyConstant announced that they’re limiting their business activities and pausing withdrawal, deposit and investment requests.
Best for Beginners: Gemini Earn
Gemini Earn is a solid starting point if you’re just getting into crypto savings products. Start earning interest on your crypto as soon as you transfer any amount of cryptocurrency from your Gemini trading account to Gemini Earn. There are no deposit minimums and no minimums, fees or time restrictions to withdraw your coins. Plus, unlike Crypto.com, Gemini doesn’t impose complicated membership tiers.
Highly commended
- Donut
- Crypto.com Earn
Compare all crypto savings accounts.
On 16 November 2022, Gemini announced that it had temporarily paused customer redemptions for its Gemini Earn product.
Gemini stated on its blog that it will not be able to meet its service-level agreement for redeeming the digital assets customers have lent through Gemini Earn within 5 days of redemption request. This does not impact any other Gemini products and services.
Best for Accredited Investors: Gemini Earn
With Celsius a casualty of this summer’s crypto crash, whether you’re an accredited investor no longer carries as much weight when it comes to earning yield. Yet we’re willing to break the rules for Gemini Earn, which allows you to lend your crypto to vetted institutional investors to earn up to an advertised 8.05% APY with rewards paid daily. And unlike staking, your digital assets aren’t ever locked up.
Highly commended
- Crypto.com Earn
- MyConstant Deposit USD
Compare all crypto savings accounts.
On 16 November 2022, Gemini announced that it had temporarily paused customer redemptions for its Gemini Earn product.
Gemini stated on its blog that it will not be able to meet its service-level agreement for redeeming the digital assets customers have lent through Gemini Earn within 5 days of redemption request. This does not impact any other Gemini products and services.
On November 17, 2022, MyConstant announced that they’re limiting their business activities and pausing withdrawal, deposit and investment requests.
Crypto savings awards methodology
Crypto savings awards methodology
Our editorial experts conducted a review of the market, analyzing 21 crypto savings products available to US residents as of August 2022.
We evaluated crypto savings products based on seven metrics across eight award categories:
- Intro or bonus offer
- Supported cryptocurrencies
- Deposit methods
- Withdrawal limits
- APY
- Compounding interest
- Currency interest is paid in
We weighted metrics differently across each award category as shown, using the total of all weighted scores for the winner and two finalists, where it applies.
Overall Award
| Metrics/Weights | Overall award |
| APY | 50% |
| Supported cryptocurrencies | 20% |
| Deposit methods | 20% |
| Intro or bonus offer | 3% |
| Withdrawal limits | 3% |
| Compounding interest | 3% |
| Currency interest is paid in | 3% |
Large Balances Award
| Metrics/Weights | Overall award |
| APY | 30% |
| Withdrawal limits | 30% |
| Supported cryptocurrencies | 8% |
| Deposit methods | 8% |
| Intro or bonus offer | 8% |
| Compounding interest | 8% |
| Currency interest is paid in | 8% |
Accredited Investors Award
| Metrics/Weights | Overall award |
| Supported cryptocurrencies | 50% |
| Deposit methods | 15% |
| Withdrawal limits | 15% |
| APY | 5% |
| Intro or bonus offer | 5% |
| Compounding interest | 5% |
| Currency interest is paid in | 5% |
Beginners Award
| Metrics/Weights | Overall award |
| Intro or bonus offer | 30% |
| Deposit methods | 30% |
| Supported cryptocurrencies | 20% |
| Withdrawal limits | 5% |
| APY | 5% |
| Compounding interest | 5% |
| Currency interest is paid in | 5% |
High-Yield Award
| Metrics/Weights | Overall award |
| APY | 60% |
| Compounding interest | 20% |
| Withdrawal limits | 4% |
| Supported cryptocurrencies | 4% |
| Deposit methods | 4% |
| Intro or bonus offer | 4% |
| Currency interest is paid in | 4% |
USD Deposits Award
| Metrics/Weights | Overall award |
| Currency interest is paid in | 60% |
| Deposit methods | 20% |
| APY | 4% |
| Compounding interest | 4% |
| Withdrawal limits | 4% |
| Supported cryptocurrencies | 4% |
| Intro or bonus offer | 4% |
Savings and Spending Award
| Metrics/Weights | Overall award |
| APY | 30% |
| Withdrawal limits | 30% |
| Compounding interest | 10% |
| Currency interest is paid in | 10% |
| Supported cryptocurrencies | 7% |
| Deposit methods | 7% |
| Intro or bonus offer | 7% |
Supported Cryptocurrencies Award
| Metrics/Weights | Overall award |
| Supported cryptocurrencies | 60% |
| Compounding interest | 7% |
| APY | 7% |
| Withdrawal limits | 7% |
| Currency interest is paid in | 7% |
| Deposit methods | 7% |
| Intro or bonus offer | 7% |
Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.
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