Looking for feedback for those who have moved their emergency funds onto sites like MyConstant, Nexo, BlockFi, etc.
I grew up being told emergency, rainy day funds aren’t meant to make a killing. However, the traditional bank rates of 0.3% VERSUS the rates I’ve seen on Nexo, BlockFi, MyConstant, etc. are too good to pass up, 4-8% is a HUGE difference.
Wanted to ask for feedback on people’s experiences with transferring over large sums of money to these sites’ savings funds. Mistakes made? Suggestions on the process? Were the returns too good to be true? Wish you did it sooner? Any sites better than others?
Appreciate the feedback.