Best NEAR (NEAR Protocol) Interest Rates of Dec 2024

Best NEAR Interest Rates

The table above compares the best NEAR interest rates. As you’ll notice, there are base rates and max rates. Since the max rates often have certain requirements, such as locking the asset for a fixed amount of time, the best NEAR Protocol interest rate will depend on your willingness to fulfill any of those requirements.

For example, platform A might have a higher base rate than platform B, but platform B can offer a higher max rate if you lock your NEAR for one month. So the best NEAR interest rate would depend on your willingness to lock the asset.

Where To Earn the Highest NEAR Yield

The max APY column will show where you can earn the highest NEAR yield, depending on your willingness to fulfill any requirements specified. Some platforms also have tiers, as specified, so you may only be able earn the highest NEAR interest rate on the first X amount of NEAR.

In addition, there is a toggle above the table where you can change the location between United States and International. The platforms and NEAR Protocol rates may change for US vs non-US. The table also includes other details relevant to determining the highest NEAR interest rates, such as pointing out when a platform is unavailable in a specific US state.

Best NEAR APY / Best NEAR APR

The table shows NEAR rates in APY (Annual Percentage Yield) by default. However, some platforms advertise their rates in APR (Annual Percentage Rate), so the table will specify when rates are in APR. APY takes into account compound interest, while APR does not. If a platform has NEAR rates in APR, you can use tools like this to convert NEAR APR to NEAR APY.

Best NEAR Staking Rates / Best NEAR Lending Rates

For earning yield, staking NEAR is sometimes used interchangeably with lending NEAR. So those looking for the best NEAR staking rates to earn interest might be looking for the best NEAR lending rates to earn interest. With the CeFi platforms covered here, you are lending your NEAR to centralized entities, as a way to earn yield on NEAR.

How To Earn Interest on NEAR

To earn interest on NEAR, an individual would create an account, then there is usually a KYC (Know Your Customer) process to verify your identity. From there, you can often just deposit NEAR to start earning interest. To earn the highest NEAR APY, as shown in the max APY column, there are sometimes other requirements, as specified in the table.

Why Earn NEAR Interest

The high yield offered by NEAR interest accounts is likely the main reason an individual would want to earn NEAR interest, rather than letting it sit idle.

However, there is always risk that you lose some or all of your assets. For example, a CeFi platform could halt withdrawals on the coins you deposited. Do your own research to make sure you understand all the risks of any particular cryptocurrency, or platform holding your crypto. No cryptocurrency or platform is without risk.

Best NEAR Interest Account / Best NEAR Savings Account

CeFi platforms are sometimes referred to as crypto interest accounts or crypto savings accounts (though very different from traditional bank accounts). The best NEAR interest account / best NEAR savings account might vary based on an individual’s preferences and situation.

For instance, some platforms have tiers, so what might be ideal for one person, might be less ideal for someone with a much higher amount of NEAR. You also wouldn’t want to use a platform that you believe is too risky, even if everything else seems ideal.