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Suggestion: Deel should offer APY on the Deel Card balance

batuhan
Weekender

‎May 09, 2023 08:30 AM

On a financial system where now even the smallest banks started to offer decent-ish APYs for stale balance (up to %4.9), Deel should probably have an offering like this since even though I'd like to use Deel Card I don't want to let my balance crushed under inflation.

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CassyL
Administrator
Administrator

‎May 09, 2023 09:08 PM

Hi @batuhan, 

We appreciate you sharing this feedback with the Deel Community, and we certainly understand the desire to maximize the return on your financial investments, especially with the uncertainty of inflation. Given that interest bearing accounts can only be done by licensed bank, it is not something that the Deel Card can accommodate.

While we can't offer a yield on Deel Card, users can opt to be paid in USDC, and earn a yield on that from their choice of of financial institutions.

Again, thanks for sharing your thoughts around this, and hope that we were able to provide additional insight!