I'm getting about the same amount of interest on my HBD savings as I d ...
(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
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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
Far from 10% indeed. Where I'm from they give 0.25% annually. Pretty much nothing.
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
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.
I think that's a good rate. What is the interest rate in your local currency there?
Posted via D.Buzz
It used to be around 9% annually for local currency, but with heavy inflation and bad economy that dropped to around 4% now.
I hope one day all these negative things will end here.
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