Interest-bearing account: a summary
An interest-bearing account is a type of digital account that earns returns on the money held in it. Unlike other types of traditional accounts or a time deposit, in an interest-bearing account your balance doesn't sit still or lose value: it earns returns day by day and is available whenever you need it.
There are many types of interest-bearing accounts; they vary by how they work, the asset they earn returns on, the rate of return and other factors.
Skipo's interest-bearing account is the first interest-bearing cryptocurrency account in Chile, specifically for Tether (USDT), a stablecoin that tracks the price of the dollar, which keeps it out of the volatility typical of other crypto assets. It's like an interest-bearing account in dollars, with all the advantages of cryptocurrencies. That means:
- Your crypto keeps earning and isn't exposed to the volatility of other cryptos.
- You receive returns in USDT every day, directly in your Skipo account.
- You can withdraw or use your crypto whenever you want.
How does the interest-bearing account work on Skipo?
Our interest-bearing account in digital dollars is designed so that anyone can invest in stablecoins and earn returns easily and securely. To do this, we integrate with web3 and with Aave, a decentralized protocol that lets users earn returns. So when a user activates their interest-bearing account, what we do is transfer that user's USDT balance to the Aave protocol. This protocol pays returns to those who provide liquidity to its pools, that is, to each user through Skipo.
Those returns are automatically transferred to each user's Skipo account every 24 hours. It's important to mention that even though users' money "is" in Aave, they have full control of and access to their money at all times, at any hour, to withdraw, use or exchange it.
👉 Returns are paid in USDT and credited automatically every 24 hours.
This service is designed for those looking for a modern alternative to mutual funds, time deposits or traditional savings accounts in Chile, with returns in dollars and without the usual red tape.
How do you activate your interest-bearing account on Skipo?
Activating your interest-bearing account is very simple. Just follow these steps:
- Log in to your Skipo account from your phone.
- Make sure you have a balance of at least 5 USDT and, in the wallet view, select "Tether". If you don't have Tether, you can buy it with Chilean pesos or crypto directly from the app and then tap "Add currency".
- Then select activate earnings and follow the steps.
- Select the Aave protocol.
- Accept the terms and conditions, choose "Activate" and you're done.
If you want to see step by step how to activate your interest-bearing account, check out our video tutorial:
Why open an interest-bearing account on Skipo?
✅ Daily returns in dollars.
✅ No maintenance fees or lockups.
✅ Full flexibility to withdraw whenever you want.
✅ Ideal for investing in stablecoins without complications.
Other questions
What returns does Skipo's interest-bearing account offer?
The interest rate can vary depending on the market, but it is always shown in the app before you activate the account. The return is expressed in annual terms (APY) and distributed daily.
Do I need a minimum amount?
Yes. To earn returns you need to have 5 USDT or more available in your Skipo account.
Can I use my funds while they are earning interest?
Yes. Your money is still 100% yours and you can use it or withdraw it at any time from the app.
