Why I Gave Up on My Bank for Saving Money

I used to think keeping my savings in a local bank was the safe, responsible thing to do. But over time, I started noticing how little sense it made. Between the monthly “maintenance” fees and the painfully low interest, around 2% a year, I realized my money wasn’t growing. In fact, it was quietly losing value.

That is when I started looking for alternatives. I wasn’t trying to gamble or chase risky returns, I just wanted a way to hold my savings without feeling like I was being penalized for it. That’s how I came across BGUSD.

It’s a stable digital dollar, pegged to the US dollar 1:1, but outside the traditional banking system. What stood out to me was the 5% yield without the usual fees or complicated requirements. It felt like what saving should be: simple, stable and actually worthwhile.

I didn’t switch overnight, but the more I understood how it worked, the more it made sense. BGUSD isn’t about hype, it’s just a quiet alternative for people who are tired of watching their money sit still or shrink in the bank. For me, it’s been a small but meaningful shift toward something that feels fair.