As we get closer to the release of our exciting new earn feature, we wanted to give our community a taste of what’s to come. The next step in our roadmap was to create an earning opportunity for Tap users, enabling them to earn interest on their funds kept on the app.
The earning program will allow clients to earn interest at diverse rates depending upon how high up they are within the tier level structure.
Users who store funds in their Tap wallet will earn interests according to their account level, and what asset they decide to store in their Earning Pot. Tap offers a variety of options for users to earn when storing funds, whether with crypto or fiat currencies with earning potential available for Euros (EUR), British Pounds (GBP), Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC).
Here's a breakdown of how much interest you'll earn depending on your account type:
The interest generated will be paid out weekly every Monday, and will be deposited directly into your savings pot. The invested assets will be paid in kind i.e. if depositing Euros to earn interest, you will receive your accrued interests in Euros.
Additionally, users will enjoy access to their funds at any time and can withdraw them without restriction. The same will apply for deposit, enabling users to deposit additional assets in their Saving pot that is lying around unused for extra interest rates.
In order to always offer more to our users for their money, deposits by bank card or bank transfer for EEA, EU and UK residents are made free of charge.
Are you ready to make some extra passive income? Take your Tap account to the next level and start earning interest on your funds. Boost your account level directly through the app to earn more interest. The future of alt-banking has arrived.
It's only a few taps away.