BlockFi Interest Account (BIA) rates are changing! You’ll now earn up to an 8.00% APY interest rate. See what you can earn by holding your crypto at BlockFi!
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Earning Interest with BlockFi
BlockFi allows you to earn interest on all your cryptocurrency holdings through their BlockFi Interest Account (BIA).
I was originally interested in BlockFi because they offer new users a crypto bonus of up to $250 BTC for joining. I was planning to close my account once the bonus posted.
Not only did I keep the account open, I transferred $20,000 into it when I found out that I can earn an 8.60% interest rate. It’s like a supercharged savings account for a portion of my available cash.
If you’re interested, I wrote an entire post about my experience earning interest with BlockFi.
BlockFi Interest Rates
BlockFi is updating its rates and tiers starting on March 1, 2022 for holdings in the BlockFi Interest Account (BIA). This will affect the following cryptocurrencies:
- Bitcoin (BTC)
- Ether (ETH)
- Litecoin (LTC)
- Chainlink (LINK)
- PAX Gold (PAXG)
- Basic Attention Token (BAT)
- Uniswap (UNI)
- Stablecoins (BUSD, DAI, GUSD, PAX, USDC and USDT)
BlockFi continually adjusts rates based on market dynamics. Their goal is to properly manage risks while maximizing earning opportunities for BlockFi Interest Account customers.
That means that sometimes it goes down a little – and that’s okay. I know BlockFi is trying to build a sustainable business so we all win in the end. Other times, they bump up the rates and we earn more on our crypto holdings (wahoo!).
I’m happy to report that this interest rate update is going to benefit the majority of customers.
Tier 1 rates for all cryptocurrencies are increasing while the tier amounts will also be adjusted. According to BlockFi, close to 75% of customers will see an increase in their APY.
| Crypto Platform | Promotion | Link |
|---|---|---|
 | $15 BTC Bonus | Link |
 | $100 Bonus | Link |
 | $200 BTC Bonus | Link |
 | $10 Bonus | Link |
 | Up to $5,000 Bonus | Link |
 | $15 BTC | Link |
 | $10 BTC Bonus | Link |
 | $25 CRO Bonus | Link |
 | $25 BTC Bonus | Link |
 | $160 Bonus | Link |
 | $35 BTC Bonus | Link |
 | $40 Cash Bonus | Link |
 | $10 DFI Bonus | Link |
BlockFi Interest Account Rates Update
BlockFi will make the following adjustments starting February 1, 2022:
Stablecoin Updates
The following rate table applies to all USD-backed stablecoins including BUSD, DAI, GUSD, PAX, and USDC (for international customers, USDT has a separate interest rate table):
| CURRENCY | NEW AMOUNT | NEW APY | FORMER AMOUNT | FORMER APY |
| Tier 1 Stablecoins | up to 20,000 | 8.00% | up to 40,000 | 9% |
| Tier 2 Stablecoins | 20,000 to 10,000,000 | 7.00% | >40,000 & above | 8% |
| Tier 3 Stablecoins | over 10,000,000 | 5.50% | N/A | N/A |
USDT Updates
The following rate table applies to USDT (USDT is only available for international customers):
| CURRENCY | NEW AMOUNT | NEW APY | FORMER AMOUNT | FORMER APY |
| Tier 1 USDT | up to 20,000 | 8.00% | up to 40,000 | 9.25% |
| Tier 2 USDT | 20,000 to 10,000,000 | 7.00% | >40,000 & above | 8.25% |
| Tier 3 USDT | over 10,000,000 | 5.50% | N/A | N/A |
Bitcoin Updates
| CURRENCY | NEW AMOUNT | NEW APY | FORMER AMOUNT | FORMER APY |
| Tier 1 BTC | up to 0.10 BTC | 4.5% | up to 0.25 BTC | 4% |
| Tier 2 BTC | >0.10 to 0.35 BTC | 1.0% | >0.25 to 5 BTC | 1.5% |
| Tier 3 BTC | >0.35 BTC & above | 0.1% | >5 BTC & above | 0.25% |
Ether Updates
| CURRENCY | NEW AMOUNT | NEW APY | FORMER AMOUNT | FORMER APY |
| Tier 1 ETH | up to 1.5 ETH | 5% | up to 5 ETH | 4% |
| Tier 2 ETH | >1.5 ETH to 5 ETH | 1.5% | >5 to 50 ETH | 1.5% |
| Tier 3 ETH | >5 ETH & above | 0.25% | >50 ETH & above | 0.25% |
Litecoin Updates
| CURRENCY | NEW AMOUNT | NEW APY | FORMER AMOUNT | FORMER APY |
| Tier 1 LTC | up to 20 LTC | 3.5% | up to 20 LTC | 4.75% |
| Tier 2 LTC | >20 to 100 LTC | 1% | >20 LTC to 100 LTC | 1% |
| Tier 3 LTC | >100 LTC & above | 0.1% | >100 LTC & above | 0.1% |
Chainlink Updates
| CURRENCY | NEW AMOUNT | NEW APY | FORMER AMOUNT | FORMER APY |
| Tier 1 LINK | up to 100 LINK | 2.5% | up to 100 LINK | 3.5% |
| Tier 2 LINK | >100 to 500 LINK | 0.2% | >100 to 500 LINK | 0.5% |
| Tier 3 LINK | >500 LINK & above | 0.1% | >500 LINK & above | 0.1% |
PAX Gold Updates
| CURRENCY | NEW AMOUNT | NEW APY | FORMER AMOUNT | FORMER APY |
| Tier 1 PAXG | up to 1.5 PAXG | 3.25% | up to 5 PAXG | 2% |
| Tier 2 PAXG | >1.5 to 5 PAXG | 0.2% | >5 PAXG & above | 0.5% |
| Tier 3 PAXG | >5 PAXG & above | 0.1% | N/A | N/A |
Basic Attention Token Updates
| CURRENCY | NEW AMOUNT | NEW APY | FORMER AMOUNT | FORMER APY |
| Tier 1 BAT | up to 4,000 BAT | 1% | up to 25,0000 BAT | 3.25% |
| Tier 2 BAT | >4,000 to 20,000 BAT | 0.2% | >25,000 BAT & above | 0.2% |
| Tier 3 BAT | >20,000 BAT & above | 0.1% | N/A | 0.1% |
Uniswap Updates
| CURRENCY | NEW AMOUNT | NEW APY | FORMER AMOUNT | FORMER APY |
| Tier 1 UNI | up to 100 UNI | 3.25% | up to 750 UNI | 1.6% |
| Tier 2 UNI | >100 to 500 UNI | 0.2% | >750 UNI & above | 0.5% |
| Tier 3 UNI | >500 UNI & above | 0.1% | N/A | N/A |
Dogecoin Updates
| CURRENCY | NEW AMOUNT | NEW APY | FORMER AMOUNT | FORMER APY |
| Tier 1 DOGE | no limit | 2.00% | N/A | N/A |
Algorand Updates
| CURRENCY | NEW AMOUNT | NEW APY | FORMER AMOUNT | FORMER APY |
| Tier 1 ALGO | no limit | 2.50% | N/A | N/A |
Bitcoin Cash Updates
| CURRENCY | NEW AMOUNT | NEW APY | FORMER AMOUNT | FORMER APY |
| Tier 1 BCH | no limit | 4.50% | N/A | N/A |
The Bottom Line
Overall, this is an expected rate adjustment which happens from time to time based on market conditions. I’ll make some tweaks on my end since the amount that I can earn the highest interest on has changed.
Currently, I have $40,000 in GUSD (a stablecoin). You can see from the stablecoin interest chart that I was earning 9% APY on my entire GUSD holdings:
| CURRENCY | NEW AMOUNT | NEW APY | FORMER AMOUNT | FORMER APY |
| Tier 1 Stablecoins | up to 20,000 | 8.00% | up to 40,000 | 9.00% |
| Tier 2 Stablecoins | 20,000 to 10,000,000 | 7.00% | >40,000 & above | 8.00% |
| Tier 3 Stablecoin | over 10,000,000 | 5.50% | N/A | N/A |
Now I’ll be earning 8.00% APY which is still great, but the maximum amount earned at that rate is $20,000 before it drops to 7.00% APY.
So what am I going to do?
I’ll withdraw $20,000 of that so that all of my GUSD will earn at the full Tier 1 rate of 8.00%. Then, I’ll create a new BlockFi account for my wife and deposit the $20,000 I took out from my account.
That way, she’ll get the BlockFi sign-up bonus and we’ll continue to earn the full 8.00% APY interest rate too!
Maximizing your finances – that’s The Money Ninja way 🙂
Hi, I just made an account for Blockfi to get the bonus. I’m trying to see what is the smartest amount to put in a Tier 1 / GUSD if I put in the next few days. I’ve never done this so I’m trying to make sure what amount I should put in and where I should place it I can risk leaving it sit for years, vs keeping it in my vanguard account. I want to earn the most interest and how much risk?
Please advise.
Bailey
So with BlockFi, you’ll earn 9.00% on the first $40,000 worth of GUSD. Any amount over $40,000 will earn 8.00%.
Personally, I would split up the GUSD on multiple exchanges to diversify platform risks too. You can buy GUSD on BlockFi and Gemini.
Or buy GUSD and USDC (USDC is another stablecoin pegged to the U.S. dollar 1:1) and spread it evenly through BlockFi, Gemini, Celsius, Okcoin, Ledn, Hodlnaut, etc.