# Ziglu Account 5% apy
**URL:** https://community.emma-app.com/t/ziglu-account-5-apy/4501
**Category:** Bank Accounts
**Created:** [August 3, 2021, 6:08pm UTC](https://community.emma-app.com/t/ziglu-account-5-apy/4501 "2021-08-03T18:08:47Z")
**Posts on this page:** 6
**Page:** 1
### Author:  [@TheMightySwordfish](https://community.emma-app.com/u/TheMightySwordfish)
#### Post date: [August 3, 2021, 6:08pm UTC](https://community.emma-app.com/t/ziglu-account-5-apy/4501/1 "2021-08-03T18:08:48Z")
So I have an account with them for about a year and a few months ago they introduced an account that changes what you give them into TGBP (they also do a Bitcoin one. I don’t use it tho), they lend it out and you get 5% apy paid weekly. They do this on up to £10k. I’ve had money in this for the last few months and been happy so far. It’s not secured, so no FSCS but 5% is 5%.
What are people’s thoughts on this?
I have taken money out and it was no slower than doing a transfer from one bank to another.
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### Author:  [@o99](https://community.emma-app.com/u/o99)
#### Post date: [August 3, 2021, 7:54pm UTC](https://community.emma-app.com/t/ziglu-account-5-apy/4501/2 "2021-08-03T19:54:30Z")
It’s risky. I wouldn’t use it for any of my low-risk or emergency savings.
But for a bit of diversification I have put some some money in stablecoin lending that I would have otherwise used for stocks.
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### Author:  [@Gaoler](https://community.emma-app.com/u/Gaoler)
#### Post date: [August 3, 2021, 11:17pm UTC](https://community.emma-app.com/t/ziglu-account-5-apy/4501/3 "2021-08-03T23:17:36Z")
> [@TheMightySwordfish](#):
>
> It’s not secured, so no FSCS
It’s also not covered by their crypto insurance, I believe.
It’s a common kind of product in the crypto world (look at [crypto.com](http://crypto.com)). The question is, how are they getting you that 5%?
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### Author:  [@TheMightySwordfish](https://community.emma-app.com/u/TheMightySwordfish)
#### Post date: [August 4, 2021, 5:19am UTC](https://community.emma-app.com/t/ziglu-account-5-apy/4501/4 "2021-08-04T05:19:23Z")
Celsius give 8.8% so my guess is they go somewhere similar and pocket the difference.
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### Author:  [@Recchan](https://community.emma-app.com/u/Recchan)
#### Post date: [August 4, 2021, 12:36pm UTC](https://community.emma-app.com/t/ziglu-account-5-apy/4501/5 "2021-08-04T12:36:00Z")
Celsius makes direct (overcollaterialised) loans and is working on an insurance product though…
They essentially provide overly-secured lending
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### Author:  [@edoardomoreni](https://community.emma-app.com/u/edoardomoreni)
#### Post date: [August 4, 2021, 4:35pm UTC](https://community.emma-app.com/t/ziglu-account-5-apy/4501/6 "2021-08-04T16:35:44Z")
> [@TheMightySwordfish](#):
>
> Celsius give 8.8% so my guess is they go somewhere similar and pocket the difference.
I think they use Celsius.