Zinger Key Points
- BlockFi set to increase BIA rates, with higher APYs, on July 1.
- Alongside increased rates, BlockFi is also lowering its withdrawal fees.
- Get Pro-Level Earnings Insights Before the Market Moves
Crypto lending platform BlockFi announced higher BlockFi Interest Account (BIA) rates Friday.
What Happened: As of July 1, BlockFi will be increasing BIA rates for Bitcoin BTC/USD, Ethereum ETH/USD and stablecoins, including USDC USDC/USD, Gemini Dollar, PAX and Binance USD BUSD/USD.
The announcement entails an increased Bitcoin Tier 1 APY from 3% to 3.5%, Bitcoin Tier 2 APY from 1% to 2% and Bitcoin Tier 3 APY from 0.1% to 2%. Ethereum will also be assigned increased BIA rates, with Tier 1 APY rising from 3% to 3.5%; Tier 2 APY increasing from 1.5% to 2%; and Tier 3 APY rising from 0.25% to 2%.
Stablecoins are also subject to increased BIA rates, as per the tier amount. Furthermore, BlockFi has announced lower withdrawal fees for Bitcoin, Ethereum and stablecoins. The company is dropping its one free monthly withdrawal while reducing withdrawal fees.
. 
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
