Low Current Interest Rates in Europe (and How to Turbocharge Them)
After the global Great Recession of 2008, the European Union (EU) and European Central Bank (ECB) looked for creative ways to manage the slowdown. Their solution was to cut interest rates that are now into the negatives in some cases. However, this plan eventually backfired, leaving many Europeans hopeless. Hence, YouHodler's latest solution helps to deliver high yield savings accounts and a creative tool to “turbocharge” interest rates even higher.
Why are current interest rates so low?
Back in the Great Recession of 2008 - 2009, the ECB cut interest rates to zero and beyond as a way to help banks through the economic slowdown. This allows banks to lend more freely and helped individuals actively use their money in the economy instead of simply paying the bank to keep it secure. However, most banks ultimately passed the low-interest rates on their customers instead. As a result, European's are left with low and sometimes even negative current interest rates on their savings accounts. Amidst the outcry, new FinTech platforms such as YouHodler are starting to offer viable solutions with high yield savings accounts and more control over potential profit.
YouHodler offers high yield savings accounts to fix current interest rates
Today, many financial institutions are advertising "high yield savings accounts" with interest rates around 0-3%. Yet, YouHodler thought we could do better. Current interest rates on the platform are as high as 12% for Stablecoin savings accounts and 7.2% on Bitcoin (BTC). YouHodler pays interest on BTC, BNB, USDT, USDC, TUSD and PAX deposits. If you don't have such crypto you can convert it from any of other cryptocurrencies.
Furthermore, clients can extend their interest rates beyond 12% if they use their savings account in conjunction with YouHodler's Multi HODL™ feature.
Turbocharge your current interest rates with Multi HODL
Forget current interest rates of zero and less with your traditional bank. YouHodler Saving Accounts combined with Multi HODL can help you make smart, calculated risks all while earning guaranteed profit. Based on the Barbell Strategy, Multi HODL™ takes 20% from your savings account to make small, incremental bets. Users can set their desired risk level on these bets to ensure there is always a limited risk versus an asymmetrical high level of potential profit.
Negative interest rates are not a new reality. Today, you have many options to choose from so visit YouHodler.com and take control of your savings account.