Bitcoin IRA, the world’s first, largest, and most secure digital asset IRA technology company that allows clients to purchase cryptocurrencies for their retirement accounts, announces the exclusive interest-earning program offered through Genesis is officially live today, providing interest rates as high as 6% annually on cash and crypto holdings using the company’s self-directed retirement platform.
The company’s interest earning program has similar interest features like that of traditional banks. A client can open an account and deposits funds into a self-directed retirement account, enroll in the interest earning program and then their funds begin earning a rate of return over time. But unlike traditional banks where the average national savings rate is only 0.05%, the IRA Earn program offers rates nearly 100x better, reaching as high as 6% annually, based on blockchain’s unique ability to remove the middleman.
Chris Kline, COO, and co-founder of Bitcoin IRA said:
“The new IRA Earn program is revolutionary for crypto IRAs, offering far greater rates than available in traditional banking, Bitcoin and cryptocurrencies are empowering consumers by unlocking new groundbreaking financial opportunities. This exclusive program enables our clients to maximize the growth of their retirement accounts, and may serve to offset platform trading fees and/or custodial holding fees, making the Bitcoin IRA opportunity effectively FREE of charge.”
By earning interest through the IRA Earn program, retirement fund owners can boost their account value by capitalizing on interest yields previously unavailable to long-term crypto holders. This is in addition to the potential price appreciation of the crypto assets themselves.
- Higher Interest Rates: Earn up to 6% APY on cash held on the Bitcoin IRA platform and competitive rates on Bitcoin and Ethereum.
- Monthly Payouts: Accrue interest daily and receive monthly payouts.
- No Lockup Period: Open terms enable clients to earn interest at their discretion without long-term commitments.
- Low Minimums: Start earning interest with as little as $10,000.
Michael Paleokrassas, Managing Director of Genesis said:
“We are excited to partner with Bitcoin IRA to offer the first interest earning solution for Individual Retirement Accounts (IRAs). Bitcoin IRA has been a pioneer in the space and continues to innovate with IRA Earn. They are a trusted partner and we are looking forward to expanding our relationship together.”