7 Ways to Save Dollars (USD) for Maximum and Effective Use

Jakarta, Pintu News – Saving dollars (USD) has become increasingly popular among Indonesians, especially in the midst of volatile global economic conditions. The US dollar is known to be stable and can behedged when the rupiah exchange rate weakens. However, an effective way to save dollars certainly requires a strategy for optimal results.

In this article, we will discuss 7 tips for saving USD, plus digital alternatives such as saving in USDT via Pintu Earn – the modern way of saving for today’s generation.

7 Tips and Ways to Save USD

1. Determine Financial Goals

The first step before saving USD is to know the purpose. Is it for your child’s overseas tuition fees, traveling, or long-term investment? This goal will determine the most suitable timeframe and way to save USD.

2. Choose the Right Dollar Savings Type

Today, many banks offer the best dollar savings products, including those that are free of administration fees. You can compare products from conventional and digital banks. Make sure to choose the one that suits your needs and find out about the minimum dollar savings to avoid additional fees.

3. Routinely Set aside Funds When Rates are Favorable

You can start saving dollars by buying when the rupiah rate strengthens. Do it gradually(dollar cost averaging) so as not to be too affected by market volatility.

4. Use a Special Dollar Account

Avoid mixing USD savings with daily needs. Open a special dollar account to facilitate monitoring and maintain consistency.

5. Check Bank Policy on Conversion and Fees

Each bank has different rules regarding administration fees for dollar savings. Some digital banks even offer dollar savings without additional fees. It is important to read the terms and conditions so that the savings are not eroded by fees.

6. Diversification in Digital Form

Aside from saving in physical form or a bank account, you can consider saving USD in digital form such as stablecoins. Some of the most commonly used stablecoins in the crypto industry are Tether (USDT) and Cirlce (USDC).

7. Saving in USDT

If you’re looking for a simple and straightforward alternative to saving USD, you can try saving USDT (Tether) at Pintu Earn. USDT is a stablecoin whose value is pegged 1:1 against the US dollar (USD), making it suitable for those who want to save USD digitally.

USDT (Tether) is a blockchain-based cryptocurrency designed to have a stable value that tracks the USD. Due to its relative stability, USDT is widely used for transactions, hedging, and of course – saving.

Minimum USDT savings at Pintu Earn can be done with any amount. There is no minimum top-up balance to invest in Pintu Earn, so you can top-up with any amount. However, if the balance you input is too small, then the return you get per hour will be rounded up to 0.

Why Save USDT at Pintu Earn?

• Yields areup to 10% APY. For USDT itself, returns are competitive and paid daily.
• There is no minimum USDT savings, so you can start with even a small amount.
• Varied Tokens: Besides USDT, you can save in BTC, ETH, BNB, and more.
• Auto-compound: The interest you earn will be automatically put back in, increasing your balance over time.
• Flexible and can be withdrawn at any time: There is no locking of funds like deposits.

Illustration example:

Let’s say you save 1,000 USDT and earn 10% APY, then you can earn around 100 USDT per year – more than a regular savings account.

USDT vs USD price

Because its value tracks the US dollar, the price of USDT is almost always equal to $1, and doesn’t fluctuate like other cryptocurrencies. This makes it ideal as a dollar savings alternative with no administration fees.

Advantages and disadvantages of saving dollars

1. Advantages of Saving Dollars (USD)

• Hedge against Inflation: The value of the USD tends to be more stable than the rupiah.
• Can be used for global transactions: Ideal for those with international needs.
• Potential Cuan When the Exchange Rate Rises: As the USD rate strengthens, the value of your savings also increases in rupiah terms.

2. Disadvantages of Saving Dollar (USD)

• ExchangeRate Risk: If the exchange rate falls, the value of savings in rupiah also falls.
• Administrative Fees: Some banks charge a monthly fee that can reduce the balance.
• Limited Liquidity: Not all merchants or individuals accept USD transactions.

Saving dollars can be a smart financial strategy, especially if you have long-term goals or want to diversify your assets. However, saving doesn’t always have to be through a bank account – saving in USDT at Pintu Earn offers an efficient and flexible digital alternative.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Nikita Kapoor. Comprehensive Guide to Currency Hedging: Tools and Strategies. Accessed April 11, 2025
• Stone X. What is currency hedging? Accessed April 11, 2025
• Wise. Foreign currency savings account 101 Gabriela Peratello. Accessed April 11, 2025
• Featured Image: Unsplash