It depends. If you want it liquid, I will choose digital banks. The disadvantage of digital banks is that interest rates will go down. If you want higher "interest" or gains, bond funds are the way to go since managers will sell bonds on your behalf giving investors greater gains. Digital savings interests compute interest either daily or monthly. Example, for maya, they payout interest daily and the interest is deducted by 20%. Basic computation for maya is ( (principal amount * interest) * 20% tax )/365
Great analysis, thank you! Just a quick off-topic question: My OKX wallet holds some USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). How should I go about transferring them to Binance?
You didn't get the full amount because you deposited September 11 so you didn't get the interest for the first 10 days and digital bank interest are taxed 20%. I'd say digital banks/high yield savings account are worth taking advantage of while the interest rates are high.
It depends. If you want it liquid, I will choose digital banks. The disadvantage of digital banks is that interest rates will go down. If you want higher "interest" or gains, bond funds are the way to go since managers will sell bonds on your behalf giving investors greater gains.
Digital savings interests compute interest either daily or monthly. Example, for maya, they payout interest daily and the interest is deducted by 20%. Basic computation for maya is ( (principal amount * interest) * 20% tax )/365
Great analysis, thank you! Just a quick off-topic question: My OKX wallet holds some USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). How should I go about transferring them to Binance?
You didn't get the full amount because you deposited September 11 so you didn't get the interest for the first 10 days and digital bank interest are taxed 20%.
I'd say digital banks/high yield savings account are worth taking advantage of while the interest rates are high.
Math checks out naman sa interest if you consider na 2/3 month lang and the 20% tax
4.8% na lang Diskartech starting september
Anu po ung phpc i.hodl mo lng po bah...???
Idol pag mag invest ba ba sa uitf ng eastwest na s&p 500 kailangan ba dollar yung idideposit sa kanila?
Thank you and god bless
Yes sir