USD Interest Account on Uphold: Get More Out Of Your USD - Milk Road

Earn Interest, Stay Liquid

In the fast-paced world of crypto, balancing risk and reward can be key to building a strong portfolio.

Even though most investors may focus heavily on growing their crypto holdings, it may be just as important to strategically grow your USD balance. On the other hand, this can often be difficult to do, with limited fiat-friendly features on crypto platforms.

The USD Interest Account on Uphold offers a unique way to do both: Allowing you to earn up to 4.65% APY1 on your USD, but keeping your funds instantly available for trading crypto.

This simple integration can provide users with the perfect balance of stability and growth. It can help every dollar in your account work for you – regardless of whether it's in fiat or crypto.

Here’s what you should know about the USD Interest Account on Uphold, and how it might benefit you:

Grow Your USD, But Stay Ready For Crypto Opportunities

On most crypto platforms, a USD balance sits around idly until it’s used. Others don’t even let you hold a fiat balance.

This can represent a significant opportunity cost on a portion of many users’ portfolios, where those USD could be put to better use while waiting to be deployed.

Utilizing this fiat currency outside of a crypto platform isn’t always easy, either. Reasons for this often include slow deposits and withdrawals, lower interest rates via traditional savings accounts, and lengthy lock-up periods.

This is where the USD Interest Account2 comes in - offered by Atomic Brokerage LLC through a partnership with Uphold.

The beauty of the USD Interest Account is that it allows you to earn interest on your idle USD – all while keeping it locked and loaded for crypto investment.

Earning up to 4.65% APY on your USD can help your fiat balance grow passively, building your purchasing power. This means while your USD is growing with interest, you're still in a prime position to take advantage of sudden buying opportunities in the crypto market.

Rather than waiting around with idle fiat, your balance compounds over time – turning potential downtime into a productive, growth-driven period.

Balance Volatility with Stability

We all know that crypto’s got a reputation for its extreme volatility.

This is what results in its big gains, but also sometimes sharp losses. Having a stable USD balance that grows steadily can help offset some of that risk.

By earning interest on your USD, you can create a stable financial cushion, helping a portion of your portfolio grow even when crypto markets fluctuate.

At the same time, it can take away the pressure to get rid of "idle" cash just because you feel like it’s losing value. Many people rush to move their money into something more active, which can lead to bad decisions. By earning interest on your USD, you can give that cash a purpose, so you don’t feel the need to act too quickly.

This combination of stability and growth potential can create a powerful balance in your investment strategy. Your crypto holdings give you access to potential high-reward opportunities, while your USD balance can provide consistent, compounding returns.

Maximum Flexibility, No Restrictions

Another core advantage of the USD Interest Account on Uphold is its flexibility.

Investors are often forced to choose between keeping cash ready for future trades or locking it up in less liquid interest-bearing accounts.

Unlike most traditional high-interest accounts, the USD Interest Accounts have no lockup period4.Your funds stay liquid and accessible for crypto trading at any moment. This means you don’t have to compromise.

You can earn a higher return on your USD balance while still having instant access to trade crypto, whenever the market presents an opportunity.

But liquidity isn’t the only flexibility provided on Uphold.

With a minimum deposit of just $1 and no maximum cap, the USD Interest Account also can cater to users of all levels.

The result? No matter if you’re a small or large trader, you don’t have to be completely sidelined – every dollar is put to good use.

Your crypto trades and USD growth are working in tandem, which can help you benefit from both short-term market movements and long-term compounding returns.

Security via FDIC-Insurance

Worried about your USD sitting on a crypto platform? No need to stress.

Safety is a primary concern for most investors, and that can be met with FDIC insurance on deposits of up to $2.5 million at program banks3. Deposits are placed in accounts with a network of ten different program banks, each providing up to $250,000 in FDIC coverage per depositor, per insured bank.

You can get the security and peace of mind of a traditional banking institution, with the freedom of a new-era crypto platform at your fingertips.

Do It All In The Uphold App

The best part of it all? You can do it all on your phone, on the go.

Uphold allows you to manage your interest-bearing account simply by bringing everything together in one easy-to-use app.

You don’t have to juggle between different platforms or apps – everything you may need is right at your fingertips. Whether you’re checking your USD interest, trading crypto, or managing other assets, you can do it all in one place.

The app is designed to make things as seamless as possible, so you can keep an eye on all your money and investments without any hassle.

It’s all about convenience and having everything in one spot.

The Fine Print – Everything You Need To Know

As with any interest-earning product, there are some finer details you should know before signing up.

Here’s what you should know prior to getting started with a USD Interest Account2:

• Interest rates depend on your balance: You’ll earn 4.65% APY1 on USD balances of $1,000 or more, and 2% APY on balances below $1,000. Interest rates can vary depending on market conditions and other factors, but you’ll be notified if any changes occur.
• Interest is accrued daily and paid monthly: Your interest accumulates every day and is deposited by the 15th day following each month. You’ll be notified when it’s paid, and you can check the amount growing daily in the app.
• Eligibility is limited to specific US residents: US residents outside of New York, Texas, Illinois, and US overseas territories are eligible, as long as you're 18 or older and don’t meet certain restrictions (like being a 10% shareholder or working at a FINRA broker-dealer).
• Funding your account is simple: You can deposit funds through the Uphold app by choosing "Money In" and selecting your source. Adding USD has no fees, but converting from crypto to USD incurs a standard exchange fee.

Start Earning On Your Idle USD Now

The USD Interest Account2 on Uphold may be changing the game for how investors approach their portfolio, enabling users to grow both their fiat and crypto assets.

It doesn’t matter if you’re a seasoned crypto trader, or a cautious investor looking for stable returns. The USD Interest Account2on Uphold gives you the ability to earn up to 4.65% APY1 on your USD while maintaining instant access to crypto trading. It provides the opportunity for your portfolio to grow – whether that’s through the steady compounding of fiat, or the dynamic opportunities in crypto itself.

By providing the opportunity to grow both your USD and crypto balances, you can unlock the full potential of your investments. With Uphold, you no longer have to choose between waiting and earning – you can do both, and more.

1 Balances of $1,000 or more earn 4.65% APY. Balances under $1,000 earn 2% APY. Rate is subject to change.

2The USD Interest Account is a brokerage account offered by Atomic Brokerage LLC, member FINRA/SIPC, for participation in the Atomic Brokerage Cash Sweep Program. For full details about the program, see the Terms & Conditions.

3You are able to have up to $2,500,000 ($250,000 per depositor, per insured bank for each account) Federal Deposit Insurance Corporation (FDIC) insurance for deposits in your Atomic Brokerage account when those deposits are swept to all ten Program Banks in the Atomic Cash Sweep Program (subject to coverage limits and eligibility requirements). Funds held in your Atomic Brokerage account are not FDIC insured. Funds held in your Atomic Brokerage account solely for the purpose of accessing the Cash Sweep are also not protected by SIPC.

4Access to your funds is typically available within seconds. Transactions will be monitored and may be held, delayed or blocked if the transfer could result in fraud or another form of financial harm. Additionally, sometimes transfers can be delayed.

Uphold is not affiliated with, but has an engagement with, Atomic Brokerage LLC (“Atomic Brokerage”), a registered broker-dealer and member of FINRA and SIPC, to bring you the opportunity to open a brokerage account through Atomic Brokerage (“USD Interest Account”) in which cash is swept into unaffiliated bank deposit accounts opened for you by, and in the name of, Atomic Brokerage as agent and custodian. You should not expect cash in your USD Interest Account to be protected by SIPC or FDIC insurance, and cash is only protected by FDIC insurance (subject to coverage limits and eligibility requirements) once deposited by Atomic in the unaffiliated bank deposit accounts. If you prefer your cash to be invested in a Money Market Fund eligible for SIPC coverage, you must send an email to [email protected] to discuss your options. For full details about the Atomic Cash Sweep Program, see the Terms & Conditions. For more details about Atomic Brokerage, please see their Form CRS, General Disclosures, Privacy Policy, and BrokerCheck. Neither Atomic Brokerage nor any of its affiliates is a bank. Crypto is not offered through Atomic Brokerage. Crypto is offered by Uphold and held in an Uphold account. Content provided for informational purposes only and is not investment advice. Full disclosure.

Uphold USD Interest Account FAQ