The future of saving is here: Earn 3.8% on cash. Paid in Bitcoin.

Alexander Leishman -

Today, at River we’re announcing Bitcoin Interest on Cash! Now, US dollars in your River account will earn 3.8%1, paid in Bitcoin1. That means more money for the things you care about.

Traditional savings accounts can’t keep pace with inflation anymore. They used to be a way to grow your savings and get ahead. But today, that’s no longer the case.

Life’s expenses have all increased dramatically–housing, food, education, and healthcare. Meanwhile, your savings account is barely growing, and when adjusted for inflation, it’s actually shrinking. All of this is because dollars are losing value at a record pace.

This dynamic has led some Bitcoiners, including many of us at River, to adopt a Bitcoin Standard. We’re driving that future forward together, but we know it won’t happen overnight. Most people still need dollars in their daily lives. The real challenge is holding those dollars while still getting ahead—and that’s where Bitcoin Interest on Cash comes in.

Bitcoin Interest on Cash gives you the best of both worlds: the predictability of FDIC insured cash combined with the opportunity of bitcoin.

Here’s how Bitcoin Interest on Cash works:

  • Deposit cash to your River account.
  • Earn interest daily in US dollars that can auto-convert for free to bitcoin.
  • Receive interest payouts monthly.
  • There are no hidden fees or minimums.
  • Withdraw your cash at any time.

Your assets on River remain in secure custody:

  • Dollars are FDIC insured up to $250,000. 
  • Bitcoin is held in full reserve custody with Proof of Reserves.

Be the first to earn

Bitcoin Interest on Cash is launching in stages. Add cash to River today to be among the first to earn interest in bitcoin.

More money for the things you care about

By earning bitcoin, an asset that has delivered high returns year after year, your savings have the potential to earn far more than 3.8%1. For example, over the past two years, you would have earned 16 times2 the rate of the average savings account with Bitcoin Interest on Cash. 

We know where the yield interest comes from

I want to clear up something important. In the past, other companies have offered products that attempted to generate yield on Bitcoin. Those failed. At River, your Bitcoin is never put at risk. There is no way to earn yield on Bitcoin at scale safely. However, there is a way to earn yield on dollars, which is how we created Bitcoin Interest on Cash. Your River account now earns interest on cash, and that interest can be paid out in Bitcoin1. Your dollars on River are FDIC-insured up to $250,000 through our banking partner and your Bitcoin is held in full reserve in our proprietary cold storage.

It’s time to put your money to work like never before. Move your cash to River and start earning bitcoin today. 

Alex Leishman

River CEO and Bitcoiner

1River Financial Inc. (“River”) is not a bank. USD funds are deposited by Lead Bank, Member FDIC. Your USD is FDIC insured up to $250,000, inclusive of any deposits that you already hold at Lead Bank in the same ownership capacity. FDIC insurance may protect against a failure by Lead Bank, but does not protect against River’s failure, nor does it protect against theft or fraud. Bitcoin is not insured by the FDIC, and may lose value.

Interest may be earned on cash that has settled at Lead Bank. As of October 22, 2024, the interest rate is 3.8%, and is subject to change. You may choose to receive interest payouts in Bitcoin or in USD. Lead is not affiliated with River’s Bitcoin program, products, or offerings. Not available in all states. Fees may apply. Please review the Terms of Service for eligibility restrictions and additional details.

2Historical returns are presented for illustrative purposes only. Calculations are based on the current interest rate for Bitcoin Interest on Cash and the price of Bitcoin over the prior two years and are compared to the national average APY (source: US News, as of Oct 9, 2024). Interest rates and Bitcoin prices may fluctuate over time. This is not a guarantee of future earnings. All investments involve risk.