What they are not telling us...
In 2020, Bank of America had over $1 Trillion as deposits. It earned an interest of $52 Billion (5.2% Returns Earned) from its customer deposits. But it paid out only $8.2 Billion in interest to its customers.
Banks make billions from customer deposits but share less than 20% of the income generated to depositors. At the same time, the inflation rate between August, 2020 and August, 2021 was estimated to be 5.3% in the United States. Between low interest rates, numerous hidden fees, and high inflation customers are effectively losing money on their deposits.
Brew helps you get past this by getting the best of DeFi. Your deposits are converted to Stablecoins and deployed in secure DeFi Lending Protocols and Liquidity Pools on Decentralised Exchanges to generate higher yield.
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