BTC5Y is a bitcoin savings account that earns interest every year. The amounts you deposit in your account are deposited in USD or foreign currency and then credited in bitcoins. Each amount deposited is blocked for a period of 5 years, and interest is available every year on the anniversary date of your contract.

When you open your account, you can opt for an initial deposit or regular deposits (monthly or annually), or a combination of both. You can then make exceptional deposits at any time from your account management panel.

To find out what your annual deposit limits are, compare our account offers.

To open a BTC5Y account, you need to start by running a simulation on our calculator You can choose to invest an initial amount or make regular deposits, or both. You can also choose your preferred deposit currency.

Click then on «calculate» &to see the result of your simulation. You will then have access to a projection of your savings over the next 5 and 10 years. Once you are satisfied with the result or projection, you can open your account with these parameters by clicking on laquo;Open my account with this plan».

Then follow our 5-step account opening process to open and activate your BTC5Y savings account..

To open an account you must⁽¹⁾:
• Be of legal age^(2)(3)(4).
• Have a valid ID issued by the authorities of the country where you reside.
• Have a valid e-mail address to which you have access.
• Have a valid cell phone number in your country of residence.

Your account will be activated once your contract has been signed, and interest will start to accrue on the day your first deposit is received⁽⁵⁾.

⁽¹⁾Our admissions process for opening a new account or our KWC may require you to provide additional documentation in order to open and activate your account contract.
⁽²⁾You may open an account for the exclusive use of a minor. In this case, you will act solely as custodian on behalf of the minor. The minor will be the sole owner of the account assets. The assets will be transferred to the minor beneficiary at the age of majority.
⁽³⁾You may open an account for the exclusive use of a minor. In this case, you will act solely as custodian on behalf of the minor. The minor will be the sole owner of the account assets. The assets will be transferred to the minor beneficiary at the age of majority click here.
⁽⁴⁾If you are a company or institution and would like to open a BTC5Y account, please contact our sales team. You can also see our offers for Companies and Institutions.
⁽⁵⁾If you have opted not to make an initial deposit when opening your account, then your first monthly or annual payment will be considered as your initial deposit.

Simply transmit our deposit account details to your bank to deposit funds into your BTC5Y account..

There are several ways to make your deposits:
• By ACH bank transfer in US dollars.
(Fastest and cheapest).

• By international bank transfer in the currency of your choice⁽¹⁾.
(The best way if your account is located in Europe or if you do not have a multi-currency account supporting ACH).

• By SWIFT bank transfer in US dollars.


If you have an account with a neo-bank like Revolut, Wize or N26, it's very easy to make an ACH transfer with advantageous exchange rates.
⁽¹⁾We accept deposits in USD, GBP, EUR and SGD. Exchange fees may be charged by the issuing bank or intermediary banks.

We can also accept deposits:
• By U.S. bank check⁽²⁾ (in USD only).
• In U.S. dollars⁽²⁾ (by appointment at our Broadway office in New York, up to a limit of USD $10,000.00)
⁽²⁾After approval by your account manager.

Once your deposit has been made, your BTC5Y account will be credited with the corresponding amount in bitcoin within 1 to 3 business days.

When you have a BTC5Y account with RAK Financial Services you have two portfolios at your disposal:
• Your locked portfolio. (Called principal wallet)
• Your available portfolio. (Called maturity wallet)

The interest you have earned is paid from your principal wallet to your maturity wallet each year, on the anniversary date of the initial deposit.

After a period of 5 years, the amount corresponding to your initial deposit is in turn transferred from principal wallet to your maturity wallet for your disposal.

The same applies to any regular or exceptional deposits you may make.

These operations are automatic and require no action on your side.

Interest is calculated from your total balance (cumulative balance of principal wallet and maturity wallet).

When you wish to withdraw your bitcoins, simply initiate a transfer (withdrawal request) for the amount of your choice from your maturity wallet.
The transfer will be made to the «destination wallet» that you have pre-registered on your account management panel. This «destination wallet» can be any wallet compatible with the bitcoin network, it can be located at a CEX or DEX with the aim of exchanging this amount for another currency such as Dollars, or it can correspond to a cold wallet you own.

From the moment you initiate a transfer to your «withdrawal destination wallet», this amount will be withdrawn from your BTC5Y account and transferred to your «withdrawal destination wallet». As a result, this amount will no longer earn interest on your BTC5Y account.

Interest on RAK Financial Services' BTC5Y savings accounts is generated primarily via a retrocession of inter-bitcoin transaction fees..

The current maximum rate is 7.68%⁽¹⁾ per annum.

Interest is compounded and paid annually on the anniversary date of your deposit.

To make it easier for you to calculate your return or compare our offers, we (usually) express interest as a percentage. Rates shown in percentages are always calculated over the entire blocking period of your initial deposit.

The prime rate can be expressed as a fraction. This is the rate used for all calculations and projections. It is also the contractual rate. It is proportional to the amount of deposits held in your account.

If you'd like to find out more about how compound interest works, you can read our dedicated article.

The current rate expressed as a fraction is 0.01164/0.165^{th (2)}. That's BTC 0.01164 for every BTC 0.165 held in your account.

This system of retrocession of inter-bitcoin transaction fees (based on our mining farms) protects you from the volatility of the BTC market while maintaining high profitability, making BTC5Y savings accounts among the best savings plans on the cryptoasset market.

The 5-year deposit lock-in period means you can take full advantage of BTC's growth, while keeping your savings for longer than the «halving period⁽³⁾». This ensures that you benefit from the full power of bitcoin in terms of performance.

Additional interest may be granted in the form of bonuses, promotions or customer benefits.
To find out more about bonuses and customer benefits, compare our membership cards.

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