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Donut is the easiest way to work your money harder & earn up to 10% APY. Invest directly from your bank and earn 20x more interest with the power of DeFi.

Supported by world class investors and featured in Forbes, TechCrunch, a16z and Coindesk.


When you deposit money from your bank, Donut automatically converts your US dollars to digital dollars (stablecoins such as DAI).

We lend your dollars in decentralized money markets where they earn a guaranteed 4% APY, rising up to 10% depending on your strategy.

DeFi lending is highly collateralized, typically over 125%. This means your principal is always covered.

Our lending partners include institutional borrowers and trusted DeFi lenders such as Yearn.

Sit back and watch your money earn interest in real time, 24/7 with the power of DeFi.


Select your strategy:

• Save: 4% Fixed APY. Good for predictable saving.

• Build: 5-7% APY. Perfect for building your future nest egg.

• Grow: 6-10% APY. Designed for capital growth.

Add funds or withdraw to your bank at any time. There are no lock-ins or annual commitments.

Schedule Recurring investments and Collect your spare change from everyday purchases.

Invite friends and receive a +1% APY Boost for 30 days when they make their first deposit.


• Donut is a high-yield, fixed income product powered by DeFi lending.

• Lending on Donut is highly collateralized, typically 125-200%, meaning your principal is covered.

• Accounts on Donut are not FDIC insured and therefore not zero-risk.

• We use the highest security standards: AES-256 alongside 2FA and personal PINs.

• We partner with industry leaders, Plaid and Evolve Bank & Trust (Member FDIC), to ensure secure deposits and withdrawals.

• Our trusted lending partners include Yearn, who safely manage over $2 billion in assets.


What’s New

Version 2.9.12

Happy new year from the Donut team!

What's new in Donut?

- Declaring taxes is now simple: Share your Tax Summary with your advisor

If you enjoy using Donut, please leave us a review!

Ratings and Reviews

4.8 out of 5
1.3K Ratings

1.3K Ratings


One Week Test

Super pleased with Donut. Deposited a few hundred with the idea that I’d see how it earned, how the app functioned and then in a weeks time, withdraw to see if the action was seamless. In one week, my few hundred earned what my big bank gives in six months time! Incredible. The app is beyond simple to use. It isn’t crowded and I never felt like I needed to scroll or tap every which way to find what I needed. Lastly and the only thing that made me nervous, I withdrew at exactly one week. It was as easy as hitting the withdraw button, a quick review of bank account info and then confirmation that it would take 1-5 business days to hit my account. That was a Friday. The following Thursday, the full amount was deposited into my bank account. If you’re like me, you’ve read 2 million reviews for different platforms where people can’t get their money, their account froze/locked out or they can’t find anyone to speak to and it really holds you back. Anyhow, thanks to this going so well and putting me at ease, I’ve redeposited my funds and elected to go with the Build plan. This is an incredible app for savings. My eventual goal is to completely ditch my useless bank savings. Great app, Donut. I look forward to working with you all for some time. Regards.

Developer Response ,

Thank you for the awesome review! We're excited to be building Donut for you 👊!

dontfreeweezy ,

Good Experience So Far

I was a bit skeptical at first.. mainly on the security of it all and the fact that it’s not FDIC insured. But I feel a little better knowing that they use 125 to 200% collateral to back your principal… so unless they experienced something catastrophic and were hacked, I think it’ll be just fine.

In one month I’ve already earned more interest than an entire year with capital one… and unless you’re big into trading stocks or crypto (which I am not) I don’t know why you would continue keeping your money in a bank savings account whose pennies per month is a slap in the face. Plus, who wants to support the big evil banks anyway who get to totally mishandle everyone’s money and then get bailed out?

I’m not saying use this as a savings for retirement, but totally worth putting your extra funds in here if you’re saving for something in the relatively near future.

Developer Response ,

Thank you for the kind review! We're lucky to have you as a user and totally agree that DeFi > banks! 🙌

Lee Vlcek ,

Great way to earn passive income - even greater customer service!

I found Donut while searching for a way to make passive income on money not currently invested. Their DeFi lending app is well designed and continues to add more features as they listen to customers and develop their product. I am extremely happy with the app and the returns on my fiat.

While I’ve been working with Donut, I was in the process of closing on a mortgage and needed support from their team to get the proper documentation to my lender. They came through with quick and helpful communications each time I reached out and Neel, specifically, is an absolute rock star! It’s refreshing being taken care of so well and I’m excited to recommend Donut in every facet of their company!

Developer Response ,

Thanks for the review! We appreciate you and are always happy to help if you need anything from us. Good luck with your purchase 🙌

App Privacy

The developer, Donut, Inc., indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy.

Data Linked to You

The following data may be collected and linked to your identity:

  • Financial Info
  • Contact Info
  • User Content
  • Identifiers
  • Usage Data
  • Diagnostics

Privacy practices may vary, for example, based on the features you use or your age. Learn More


  • Family Sharing

    With Family Sharing set up, up to six family members can use this app.

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