I'm getting about the same amount of interest on my HBD savings as I d ...

avatar
(Edited)

I'm getting about the same amount of interest on my HBD savings as I do at my bank on my USD savings, but my HBD savings are a mere fraction of what I have saved on the bank. The thought alone is preposterous. #dbuzz #savings #hbd #hive #ctp #leofinance #proofofbrain


Posted via D.Buzz



0
0
0.000
8 comments
avatar

Yes that is awesome happy for you @rarej
You will find if you look at your bank rates they will not be 10%
This is just one of the reasons why Hive is so amazing.
Have a blessed and successful week
Have a Blessed Day.png

0
0
0.000
avatar

Far from 10% indeed. Where I'm from they give 0.25% annually. Pretty much nothing.

0
0
0.000
avatar

How much exactly do you earn per month for 300 Hbd? I guess you live in a European country and banks have low interest rates. Interest rate is high here.

Posted via D.Buzz

0
0
0.000
avatar

300 HBD returns about 2 HBD a month I think. The funny thing is I don't live in a European country. I live in Suriname, a developing country in South-America. The banks here give around 0.25% interest annually on foreign currencies and subtract a fixed fee of 2.5 USD quarterly. So with 300 USD on a local bank I'd be losing money.

0
0
0.000
avatar

I think that's a good rate. What is the interest rate in your local currency there?

Posted via D.Buzz

0
0
0.000
avatar

It used to be around 9% annually for local currency, but with heavy inflation and bad economy that dropped to around 4% now.

0
0
0.000
avatar

I hope one day all these negative things will end here.

0
0
0.000
avatar

This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.

Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.

Please contribute to the community by upvoting this comment and posts made by @indiaunited.

0
0
0.000