How do Boost accounts work?

Stablecoin Boost Accounts:

Our stablecoin Boost accounts are investment accounts where a customer can obtain exposure to a stablecoin. Stablecoins are a form of cryptocurrency, the value of which is pegged or tied to an external reference such as another currency or commodity.

When you move funds into your Sterling Boost account from your Ziglu sterling cash account, you exchange your pounds sterling into a stablecoin which you lend to Ziglu. We will advise the rate of exchange from your pounds sterling to the stablecoin at the time of exchange, and this rate of exchange will remain fixed. As the value of the stablecoin rises and falls, so too does the value of the stablecoin in your Stablecoin Boost account.

We pay you yield on your Stablecoin Boost balance into your account every Saturday morning in the same stablecoin as your underlying investment.

Crypto Boost accounts:

Our crypto Boost accounts are accounts which allow you to invest in cryptocurrencies like Bitcoin.

Say, you open up a Bitcoin Boost account. The value of the bitcoin in your Bitcoin Boost account is precisely the same as it would be in your normal bitcoin account, As the price of the asset rises and falls, so too does the value of the bitcoin in your Bitcoin Boost account.

When you add funds to your Bitcoin Boost account, you are buying bitcoin which Ziglu then borrows from you. 

We pay you yield on your Bitcoin Boost balance into your account every Saturday morning in bitcoin.

When you decide that you want to exchange some or all of the cryptocurrency in your Boost account to GBP, you can do that at any time, instantly. You can even exchange the asset into any of the other cryptocurrencies that we offer on Ziglu.