Interest is calculated on the Total Wallet Value of your Nemo Wallet at the end of each day. Interest is then paid daily, at the applicable rate. You can see the total interest earned in the Wallet, under Portfolio, and your daily interest payments inside the Wallet, under the Interest tab.
We will only pay interest on the days when your Total Wallet Value is enough to generate at least $0.01. At the current rate of 6%, you need to hold at least $30 in your Wallet to earn interest. This value changes based on the interest rate Nemo is offering at the time of calculation.
We are offering 6% Annual Equivalent Rate (AER) interest on non-invested account balances in your Nemo wallet. We will notify in line with our Client Agreement if there will be any change to the interest rate.
Yes. Both existing and new Nemo users can earn interest on uninvested cash held in their wallet.
Yes. You have instant access to your money 24/7.
No, all uninvested money in the Nemo wallet will earn interest.
Yes, move any uninvested cash to your stocks, crypto or Boost trading account and not hold cash in your Nemo wallet. We’re working on adding an opt-out feature soon.
