DeFi For Savings: A Better Choice Than Fiat?

Delton Rhodes
Nov 7 · 5 min read

At the end of July 2019, the US Federal Reserve decided to cut interest rates for the first time since 2008. Before that decision, it was easy to find high-yield savings accounts that produced 2.50% APY or greater. Since then, the fed has cut rates an additional two times. As a result, most digital banks offer 1.90% APY or lower on savings.

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Delton Rhodes

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Writing and reading about startups, SaaS, blockchain, e-commerce, real estate, and more.

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