I’m catching myself thinking that I keep writing only good things about Earn, and that’s not right, honestly, because any financial instrument has its downsides too.
So let’s talk honestly about the fears.
First, it’s not a bank. If something goes wrong with the platform, there is absolutely no state guarantee like there is with a deposit. Second, even in Flexible there are withdrawal limits, so "withdraw anytime" does not always literally mean anytime, especially if everyone wants to withdraw money at the same time. Third, the interest rate is not fixed forever; it can change depending on what is happening in the market at a given moment.
I’m not writing this to scare anyone, I just would have liked someone to tell me this directly before I started, not after I had already invested money and started googling.
So let’s talk honestly about the fears.
First, it’s not a bank. If something goes wrong with the platform, there is absolutely no state guarantee like there is with a deposit. Second, even in Flexible there are withdrawal limits, so "withdraw anytime" does not always literally mean anytime, especially if everyone wants to withdraw money at the same time. Third, the interest rate is not fixed forever; it can change depending on what is happening in the market at a given moment.
I’m not writing this to scare anyone, I just would have liked someone to tell me this directly before I started, not after I had already invested money and started googling.