Yes, nowadays many apps, websites, and cryptos have come where you are promised a good APR. But believe me, not everyone is capable of doing this. Yes, in the initial days, everyone's APR looks are very high but till the end of the year, that APR starts decreasing. But if you are in Hive then you must have seen how the APR limit of HBD has been only 20% for years. And this is also very good because after seeing this, many big investors have come here, some accounts have just invested in HBD and many more are earning a good amount of money every month just by saving. Imagine if there are many such people. If more investors come, it will be good for the highway ecosystem.
I have been quite impressed with the interest rate of HBD since its early days when it used to be in the upper 10s and now it is in the 20s so I am quite excited about it. You will get a maximum percentage anywhere else. If you have a normal savings account then the maximum annual interest you get in it ranges from 2.9 to 3.5. And if you do any FD then you get a maximum of 7% in it and in RD you get almost the same. Yes, there are some other schemes under which you get interest of about 8% but for that, you have to wait for 15 years. If you are about 20 years old and have just got a job, then in such a scheme There is a benefit in investing because by the time you are 35 years old, you will have some money (but there is nothing can beat HBD at least as per today).
Nowadays, there are many schemes available under which you can increase your money, but believe me, it is not wise to invest money everywhere because there are chances of your money getting lost in many places. Nowadays, many YouTubers promote many websites and apps and because of them, many people lose lakhs (millions) of rupees because they trust and even think that whatever they say will be true and very Hardly any wrong information will be shared here. But believe me, the truth is quite the opposite, making money for everyone means that it does not matter to them who is making how much money, just that their money should reach them on time.
I have already been a little bullish on HBD, yes last year I had around 1600 HBD in the beginning but you are almost here I have again collected your size B and maybe by the end of the year I will reach 1500. Let's see what else happens, I have only one purpose for keeping it in HBD, I am keeping it as an emergency fund. Till a few months ago, I was powering up all the income of my posts, but in the last few months I have reported I have made it 50-50 and now I want to put some in HBD Savings because I have a feeling that I will need some money next year, so I am already making arrangements for the situation in advanced.
Firstly, you are saving and on top of that you have also got 20% annual interest, perhaps you will not see anything like this anywhere else and it is also quite safe as we have been seeing for years. Let's see what happens, although nothing is safe online, still. Many people keep their money in HBD as an investment and also make good use of it when the time comes. There are benefits of keeping it in savings because you will continue to get interest on it and there is a maximum locking period of three days. If you want to make a withdrawal then you will have to wait only for 3 days and you can withdraw your entire amount.
A few months ago, I had invested some money here and now I have paid back much less money here than where I had kept it earlier. And recently I took a small loan and again invested some more money here. I don't know how much money I will be able to make, but I can say with confidence that in the coming few months, I will be able to repay the interest-free amount and I am very happy about this, first of all, I will try that it is better if the money here does not go out for a few years, then let's see what happens. What is your strategy regarding HBD?
see you in the next post. Keep learning and keep exploring...
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