Still feels like mainstream is not aware of the interest savings options available these days. On the Nexo platform they recently raised their interest rate another 2% and you can now earn up to 12% compound interest in stable coins and fiat currencies and a whopping 8% on crypto assets. Paid out daily! The highest interest rates are paid if you let the interest payment be paid out in Nexo tokens and if you stake 10% of your total assets in Nexo tokens as well. Additionally Nexo pays out annually a dividend to their token holders annually. Hence a look at the Nexo token and if it makes sense to maximize your interest rate on Nexo using the Nexo token payout method.
The short answer is it depends on your appetite for risk. Generally speaking if you want to maximize the interest earned it makes sense however you have a currency risk so to speak when you want to realize your gains in fiat currency.
Looking at the graph which shows the Nexo token in Euro and on the bottom Bitcoin in Euro . One sees that just before the annual Nexo dividend payout the value in Nexo rises, but (of course) crashes just before and after the payout. Also to be considered is that if the crypto market / Bitcoin crashes Nexo is pulled down as well loosing interest.
So if you want a more stable interest in e.g. your Euro savings just be happy with the 8% interest you are able to achieve. That's already fantastic in today's negative interest environment.
If you follow the market closely and have a more mid-term (over years) horizon you can of course make use of the extra 4%.