Frequently Asked
Questions

What is Snowball?

Snowball is a high-yield savings app built specifically for Canadians. We offer 5-15% APY - up to 25x more than traditional savings accounts. This is done through decentralized finance protocols that lend USDC to overcollateralized markets.

How do you offer 5-15% APY?

We use decentralized borrow/lend protocols to supply USDC (USD stablecoin) to overcollateralized markets. This DeFi approach allows us to capture higher yields while maintaining security through overcollateralization.

Is my money safe with Snowball?

Yes. We partner with Paytrie, a regulated MSB with FINTRAC, for secure deposit and withdrawal processing via Interac e-transfer. Our DeFi protocols use overcollateralized lending, meaning borrowers must post more collateral than they borrow.

Can I access my money anytime?

Yes! While your money works harder for you, you can still withdraw funds anytime. Withdrawals are processed within 1 hour via Interac e-transfer through our partner Paytrie.

What's the minimum to get started?

You can start with as little as $100. There are no monthly fees, no minimum balance requirements, and no hidden charges. Just your money growing at 5-15% APY.

When will Snowball be available?

We're launching in October 2025! Join our waitlist to get early access and be among the first Canadians to start earning up to 25x more on their savings.