Finder Earn offers boosted 6.01% p.a. rate for May and June

Posted: 4 May 2022 12:22 pm
News
Get started with Finder Earn
  1. Download the Finder app.
  2. Create your account.
  3. Head to the "Wallet" tab and tap "Set up your wallet".

Learn more about using Finder Earn here, or follow the steps below to start Earning.

Finder app members can now get a bonus 2% p.a. return on their capital if their balance is above 10,000 TAUD.

Finder Earn users can earn up to 6.01% p.a. on their capital for a limited time, up from the regular rate of 4.01% p.a. Users with a balance of at least 10,000 AUD in their Finder Wallet will automatically receive the higher 6.01% p.a. rate until 1 July.

Please note that Finder Earn is not a banking product or a savings account.

What is Finder Earn?

Finder Earn is a way to earn up to a 6.01% p.a. return on your capital. It's 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.

How does it work?

When you use Finder Earn, you're converting your Australian dollars (AUD) into TAUD stablecoins, which are then lent to us. In exchange for lending us your capital (that is, your TAUD stablecoins), we will pay you a fee of 4.01% p.a.

What are the key benefits?

Finder Earn lets you get a competitive return on your capital automatically, with no fees and the ability to add and withdraw funds whenever you want. You can get set up within minutes straight from your Finder app.

Are there any risks?

Yes, it's important to understand that Finder Earn does not come without risk. You should read the full list of risks here before deciding if Finder Earn is right for you.

Finder Earn is also not a banking product or a savings account, and we are not investing on your behalf or managing your capital.

How do I join?

  1. Download the Finder app.
  2. Create your account.
  3. Head to the "Wallet" tab and tap "Set up your wallet".

Existing users

If you already have the Finder app, you can join Finder Earn by following these steps:

  1. Head to the "Wallet" tab.
  2. Tap "Set up your wallet".
  3. Tap "Continue".
  4. Choose which ID you'd like to use.
  5. Enter the required information.
  6. Confirm the information is correct and agree to the terms and conditions.
  7. Tap "Looks good, verify my identity".
  8. Join Finder Earn using the steps above.

Once you've set up your Finder Wallet, follow these steps to start using Finder Earn:

  1. Head to the "Wallet" tab in your Finder app.
  2. Tap "Add cash".
  3. Choose how you'd like to deposit funds.
  4. Deposit funds and tap "I've done this".
  5. Tap "Transfer".
  6. Review the terms and tap "Understood".
  7. Choose the AUD amount you want to transfer and then tap "Transfer and Convert".
  8. Tap "Done".
  9. Your funds have now been converted to TAUD and then allocated to Finder Earn and will start earning automatically.
  10. You can view your Earn balance and earnings at any time on the "Wallet" tab.

Disclaimer

Finder Earn is not a banking product and involves lending cryptocurrency to Finder Wallet. Finder Wallet is not a bank. Terms and conditions apply. Crypto trading and Finder Earn products are made available in the Finder app, powered by Finder Wallet Pty Ltd, an AUSTRAC registered Digital Currency Exchange (DCE). When you lend us your cryptocurrency, you transfer ownership of the cryptocurrency 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 cryptocurrency. If we become insolvent, you will be an unsecured creditor in relation to your cryptocurrency and any accrued returns.

Get more from Finder

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au 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