Cash rate counter offer: Finder Earn ups its “earn rate” to 6.01% p.a. until July

Posted: 4 May 2022 10:51 am
Money saving concept_GettyImages_1800x1000

As the cash rate and cost of living rise, Finder is doing its bit to help Aussies earn more on their capital.

Finder Earn launched in November 2021 to a select waitlist and then to all Finder app members in March 2022.

To use Finder Earn, a member converts Australian dollars (AUD) into TAUD stablecoins at an exchange rate of 1 AUD = 1 TAUD. These TAUD stablecoins are then lent to Finder.

In exchange for lending Finder capital in the form of TAUD stablecoins, Finder pays a fee of 4.01% p.a., paid out daily. Higher yields come with increased risks.

Today, the fintech company is adding a bonus 2% p.a. – on top of an already attractive 4.01% p.a. – for those with more than 10,000 TAUD in their Earn account during May and June.

Angus Kidman, Finder's editor-at-large, said earning 6.01% p.a. on any asset class is an achievement, especially one where you can withdraw at any time with no fees.

"We've just seen the RBA increase the cash rate which is going to cost many Aussie homeowners thousands more a year on their home loans.

"At the same time, big crypto coins like Bitcoin and Ethereum are down 30%+ in the past 6 months, after being up 50%+ in 2021.

"Even the ASX is down from the start of the year.

"It's time Australians got some good news," Kidman said.

A Finder survey of 1,043 in March 2022 found that 53% of Aussies say they aren't earning any passive income on any asset class – savings, shares or crypto.

It's particularly bad for those in gen X, with 65% not earning any money other than their pay cheque. Gen Z on the other hand is the savviest generation, with only 42% saying they do not earn any passive income.

Based on the 4.01% p.a. Finder Earn model, if someone were to allocate 20,000 TAUD in Finder Earn, they'd earn 66 TAUD a month and 818 TAUD per year.

With the bonus rate of 6.01% p.a., 20,000 TAUD would return 188 TAUD during May and June alone.

Earnings on $20,000/20,000 TAUD by asset class

Kidman said now is the time for Aussies to realise the benefits digital assets can unlock.

"Our mission is to help people make better financial decisions and to save and earn money.

"Getting the benefits from digital assets is not easy so we are trying to make it simple and share the benefit with everyone.

"It can take less than 5 minutes to start Earning," Kidman said.

Finder Wallet is a digital currency exchange registered with AUSTRAC.

The Finder app is free and available to download in both the App Store and Google Play Store.

Learn more about Finder Earn and how to use it here.


Finder Earn is not a banking product or a savings account, and we are not investing on your behalf or managing your capital. It is offered exclusively through the Finder app and powered by Finder Wallet Pty Ltd. There are no fees for using Finder Earn, and you are free to withdraw your capital at any time.

It's important to understand that Finder Earn does not come without risk. When you lend us your capital, you transfer ownership of the TAUD stablecoins to us. If we become insolvent or subject to hacking or some other cybersecurity event, then you may incur partial or total loss of the capital. If we become insolvent, you will be an unsecured creditor in relation to your capital and any accrued returns.

Finder Earn also takes advantage of a unique category of cryptocurrencies called "stablecoins". Unlike other cryptocurrencies you might have heard of such as Bitcoin, stablecoins are rarely volatile, meaning they don't often fluctuate in price. This is because they are typically "pegged", "backed" or "collateralised" against the corresponding currency or asset they aim to reflect, digitised in the blockchain ecosystem. However, stablecoins are not official currencies, nor are they endorsed or insured under any government guarantee program.

The minimum deposit is $25 and the maximum balance you can hold is currently set to 100,000 TAUD. Once your Finder Earn balance reaches 100,000 TAUD, you will no longer be able to convert and transfer additional capital, but this does not limit the daily TAUD earnings that will be paid into your Finder Earn balance, and your earnings will continue to accrue and compound each day.

The bonus rate of 2% p.a. will be paid out daily on Finder Earn balances that hold 10,000 TAUD or more during the promotion period from 4 May 2022 until 11am AEST on Friday 1 July 2022. The bonus rate will apply to a member's entire Finder Earn balance.

Get more from Finder

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Go to site