We take the security of your funds seriously and have partnered with a large global bank to keep your cash safe. However, we do not have the authority to lend or invest your cash.
Therefore, while your funds are securely held in your global collections account, they do not generate any interest. This also means you will not be subject to negative interest rates, unlike bank accounts in some currencies like the Euro.
Also, since your account has no interest, you don’t have to worry about filing taxes in the US and your home country. The average interest in a US Dollar savings account was less than 0.10% in 2020, which means an interest of less than $10 on a $10,000 deposit account.