Savings plans, and loans against what you own

Savings plans in the asset you already hold

A savings plan pays a return on a balance you are not using, in the same asset you put in. Plans are offered in US dollars, in stablecoins such as USDT and USDC, and in bitcoin, so you can earn on what you hold without first converting it into something else. Every plan shows its rate, its minimum and whether it is flexible or runs for a fixed term before you put anything in.

The plans on offer, their rates and their minimums are listed on the Savings screen of the app. Pinnora sets them and can change them, which is why they are not printed on this page: the app always shows the current figures.

How to start saving

1. Open Savings in the app and compare the plans side by side: asset, rate, minimum and term.
2. Choose an amount. Pay from the plan’s own asset, or tick other holdings to fund it from them as well. Anything converted is valued at Pinnora’s current prices, with no conversion fee, and shown as its own line in your history.
3. Confirm, after reading and accepting the plan’s terms where it has them. Your position appears straight away on the Savings screen, and the returns credited to it show there as they are added.
4. Redeem when the plan allows. What you put in comes back to your funding wallet with the returns credited to it, and the redemption is recorded in your history.

Borrow against what you own

If you need cash but do not want to sell your investments, a Pinnora loan lets you borrow US dollars against stocks, funds or crypto you hold. Selling would end your position and might mean selling at a bad moment. Borrowing keeps the investment, which stays yours, and gives you dollars to use now.

• Choose how much to borrow as a share of what your collateral is worth, up to the highest loan-to-value the app offers.
• The cash arrives at once in your funding wallet, and you are told the moment the loan is open.
• Your rate is fixed when the loan is opened. A later change to Pinnora’s rate applies to new loans, not to yours.
• Your collateral is locked, not sold, for as long as the loan is open.
• Repay in full whenever you like. There is no early-repayment fee, and your collateral is released back to your trading account the moment you do.

Cash itself cannot be used as collateral — borrowing dollars against dollars would simply be your own money back. The current rate and the highest loan-to-value are shown on the Loans screen before you confirm.

Loan-to-value and liquidation, explained

Loan-to-value is the size of your loan compared with what your collateral is worth. Borrow $500 against investments worth $2,000 and your loan-to-value is 25%. The lower it is, the more room there is for the price of your collateral to fall before the loan is at risk.

Because collateral is valued at the current market price, your loan-to-value rises when that price falls. The app shows the liquidation price for each loan: the point at which the collateral is no longer enough to cover the loan safely. If the price falls that far, the collateral can be sold to repay what you owe. Borrowing less than the maximum, and keeping an eye on the price of what you borrowed against, is the simplest way to stay well clear of it.

Things to know

• Savings plans are not bank deposit accounts, and a rate shown in the app is the plan’s rate at the time, not a guarantee of future rates.
• A plan in bitcoin or a stablecoin earns in that asset, so its value in dollars moves with the asset’s price.
• A loan is secured on investments whose value can fall. Borrow what you are confident you can repay.
• Everything — positions, loans, repayments — appears in your transaction history and on the Statistics page.