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RE: IF I WAS A MINNOW ON STEEMIT I WOULD... - PART 1
But I was talking to my bank yesterday and he tried to sell me on a saving account with a return of 1.90% APR.
Such a deal! 😜 The last time I checked, my credit union was offering a 0.15% rate. And several European countries actually have negative interest rates. Paying a bank to hold my money is simply insane. No wonder banks are doomed.
Right now, any extra fiat I have is going one of three places: Bitcoin, Steem Power, and silver.
Steemit has great potential, perhaps immense.
I'm with Tangerine, an online bank. They have the best rates yet it's such a joke compared to SP.
I do not make much money and I do not have much in my savings account but I am pretty sure my bank gives about 4% and about 8% for term deposits.
@cryptoctopus: Have you heard about the Crypto coin Royalties? They say that they will give 1.25% per month.
What country do you live in? It's been decades since American banks paid that much interest.
I live in India.
High interest rate means higher inflation.. Probably 10 times interest rates of banks