Following the first governance vote in Nexo's history, we are thrilled to be able to offer you Daily Interest on NEXO Tokens. Thus all NEXO token holders, excluding NY-based clients, can earn up to 12% interest on their NEXO holdings, paid out daily.
We are pleased to say that the NEXO in both wallets (Credit Line and Savings) will earn interest as long as you have at least 1.00 NEXO. You can earn up to 7% annually on FLEX terms regardless of your Loyalty Tier by just staking them in your account, or you can put the NEXO from your Savings Wallet in a fixed-term deposit for 3 or 12 months and get up to 9% and 12% per annum, respectively.
Kindly note that the daily interest generated during a fixed-term deposit will be paid out in a single transaction on the day after the term's due date. For more information on this, please check the following article in our Help Center, as well as our EARN Product section.
Although you can earn daily interest on your NEXO tokens, the interest you earn on the rest of your portfolio can only be paid in kind if you are a US citizen. The rest of our clients can opt to receive the same in NEXO tokens.
In case you have enabled the Auto Unlock Term option or you would like to find out more about it, please refer to this article.
Important: our Earn product is temporarily unavailable for:
- All clients residing in the state of New York (effective August 16, 2021)
- Clients residing in the states of Kentucky, Arkansas, Texas, New Jersey, Alabama and Washington who have signed up after August 2, 2021