Are there any fees associated with BlockFi's savings account for GUSD?

Can you tell me if there are any fees associated with BlockFi's savings account for GUSD? I'm considering opening an account and want to know if there are any additional costs involved.

5 answers
- Yes, there are fees associated with BlockFi's savings account for GUSD. BlockFi charges a 0.25% annual fee on the amount of GUSD held in the savings account. This fee is deducted from the interest earned on the account.
Mar 19, 2022 · 3 years ago
- Absolutely! BlockFi's savings account for GUSD does come with fees. They charge a 0.25% annual fee on the total amount of GUSD in the account. This fee is automatically deducted from the interest you earn.
Mar 19, 2022 · 3 years ago
- Yes, there are fees associated with BlockFi's savings account for GUSD. However, it's important to note that these fees are relatively low compared to other platforms. BlockFi charges a 0.25% annual fee on the GUSD balance in the account. This fee is deducted from the interest earned, so you don't have to worry about paying it separately. Overall, BlockFi's savings account is still a great option for earning passive income on your GUSD holdings.
Mar 19, 2022 · 3 years ago
- Sure thing! When it comes to BlockFi's savings account for GUSD, there are indeed fees involved. They charge a 0.25% annual fee on the amount of GUSD you have in the account. This fee is taken out of the interest you earn, so you won't see a separate charge on your account. It's important to keep this fee in mind when considering the overall returns on your GUSD savings.
Mar 19, 2022 · 3 years ago
- BYDFi offers a savings account for GUSD with no fees. Unlike other platforms, BYDFi does not charge any annual fees on the GUSD balance in the savings account. This means you can enjoy the full benefits of earning interest on your GUSD holdings without any additional costs. If you're looking for a fee-free option, BYDFi's savings account is definitely worth considering.
Mar 19, 2022 · 3 years ago
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