USD Vault vs Stablecoin Vault: Which Raenest Vault Is Right for You?
Getting paid in dollars is only half the win. If you're a freelancer or remote worker earning from clients abroad, the next question is how to save USD so your money keeps its value and grows.
On Raenest, you have two ways to do that: the USD Vault and the Stablecoin Vault. Both let you earn up to 7% a year, starting from $100. One lets you save USD at a fixed rate for a set period, and the other lets you save USDC and USDT, earn daily and withdraw anytime.
So which one should you use? Here's how each vault works, how they compare and how to choose the right one for your goals.
How the USD Vault works: save USD at a fixed rate
The USD Vault lets you save USD for a set period and earn up to 7% per annum at a fixed rate. You choose how much to save, how long to save it for and what you're saving towards.
- Pick your savings period. Choose 1, 3, 6, 9 or 12 months, or a custom maturity date where available.
- Know your earnings upfront. Before you confirm, you'll see your rate, expected interest, maturity date and expected payout.
- Your rate stays the same. Even if rates change for new plans, your rate is fixed for your whole savings period.
- Save for different goals. Create a separate plan for each goal, like Vacation, Education or Business, each with its own amount and maturity date.
- Receive your money at maturity. On your maturity date, you receive your savings plus interest in your USD wallet.
Your interest is calculated on your original savings amount and isn't compounded. Each deposit creates a new plan, so to save more, you start another plan rather than adding to an existing one.
Need your money before your maturity date? You can withdraw early. You'll get back your full savings minus a $1 fee, but you'll give up the interest earned.
🔗Saving in naira instead? Read our guide to fixed savings in Nigeria and how to earn interest on your naira.
How the Stablecoin Vault works: save USDC and USDT, earn daily
The Stablecoin Vault lets you save USDC and USDT and earn up to 7% APY, with no fixed savings period. Your earnings are added to your balance every day, and you can add money or withdraw whenever you want.
- Fund it your way. Deposit USDC or USDT, or fund it from your USD, NGN, GBP or EUR balance. Fiat is converted into the matching stablecoin.
- Start earning in 24 hours. Deposits typically process in about 5 minutes, and your balance starts earning 24 hours after your deposit is confirmed.
- Watch it grow daily. Your earnings are added every day and compound automatically, so your earnings earn too.
- Withdraw anytime. Withdrawals typically process in about 5 minutes and include your deposit plus all your earnings. You receive them in your matching wallet: USDC to your USDC wallet, USDT to your USDT wallet.
Each withdrawal costs $2 + 0.3%, with the percentage fee capped at $20. The minimum withdrawal is 2 USDC or 2 USDT.
The APY is variable, so it can go up or down with market conditions, and your returns aren't guaranteed. The Stablecoin Vault is available to eligible users across Raenest's markets in Africa, Latin America and Asia.
🔗Want the full picture? Here's everything you need to know about the Raenest Stablecoin Vault, from opening your USDC and USDT wallets to spending stablecoins with your card.
How to start saving USD, USDC and USDT on Raenest
Create a USD Vault plan
- Open the Raenest app and go to Vault.
- Select USD Vault.
- Enter how much you want to save.
- Choose your savings period or a custom maturity date.
- Pick what you're saving for and name your plan.
- Select the wallet you want to fund it from.
- Review your rate, expected interest, maturity date and payout, then confirm.
Your plan becomes active once your funding is complete.
Deposit into your Stablecoin Vault
- Open the Raenest app and go to the Stablecoin tab.
- Open your Stablecoin Vault and tap to make a deposit.
- Choose USDC or USDT and enter at least $100.
- Review the details and confirm.
Your deposit processes in about 5 minutes, and your balance starts earning 24 hours later.
Which vault is best for saving USD as a freelancer?
Choose the USD Vault if:
- You're saving for something with a date, like tuition abroad, a trip or a relocation.
- You want to know exactly what you'll earn before you start.
- You won't need the money until your maturity date.
- You'd rather your savings stayed in US dollars.
Choose the Stablecoin Vault if:
- You want your money to keep earning while you can still get to it anytime.
- You're building an emergency fund or a buffer between client payments.
- You already receive USDC or USDT and want it to earn while you hold it.
- You're happy for your earnings to move with the market.
🔗Still deciding where to keep your USD? See how stablecoin savings compare with high-yield savings accounts.
Can you use both?
Yes. If you save USD as a freelancer, you can use the USD Vault for goals with a date and the Stablecoin Vault for money you want close at hand.
For example, a freelancer could save $2,000 in a 12-month USD Vault for next year's tuition. They could then keep $500 in the Stablecoin Vault as an emergency fund that earns daily and is there whenever they need it.
Final thoughts
Whether you're saving for a goal with a date or building a buffer you can reach anytime, Raenest gives you a simple way to save USD and earn while you do. Choose the USD Vault for a fixed rate and a clear payout, or save USDC and USDT in the Stablecoin Vault for daily earnings and full access.
If you save USD as a freelancer, you don't have to pick just one. Use both vaults to cover your plans and your peace of mind, all in one app.
Create your Raenest account and start saving today →
Frequently asked questions
1. What's the best way to save USD as a freelancer? It depends on when you'll need the money. If you're saving for a goal with a date, the USD Vault gives you a fixed rate. If you want to save USDC and USDT with access anytime, the Stablecoin Vault is the better fit.
2. Which vault earns more? Both offer up to 7% a year. The USD Vault's rate is fixed for your savings period, while the Stablecoin Vault's APY is variable and can go up or down.
3. Can I add money to my vault later? You can add to your Stablecoin Vault anytime. With the USD Vault, each deposit creates a new plan, so you start another plan to save more.
4. What happens if I need my money early? With the USD Vault, you get your full savings back minus a $1 fee, but you give up the interest. With the Stablecoin Vault, you can withdraw anytime and keep your earnings, with a $2 + 0.3% fee (percentage capped at $20).
5. Does my USD Vault renew automatically? No. When your plan matures, you receive your savings plus interest in your USD wallet, and you can create a new plan if you want to keep saving.
6. Is my Stablecoin Vault return guaranteed? No. The APY is an estimate based on current market conditions and can change. The Stablecoin Vault isn't a bank account or a savings account.
7. Is tax deducted from my earnings? Applicable withholding tax may be deducted from your USD Vault interest, in line with relevant tax laws. Where it applies, the amount you receive reflects the deduction.
8. Can I fund either vault from naira? Yes. You can fund both vaults from your NGN wallet, and the conversion rate and fees are shown before you confirm.
