Bank interest comparison
Re: Bank interest comparison
How do you pay the taxes to the Cambodian government for the interest you’ve earned?
Re: Bank interest comparison
Anchor Protocol on the Terra crypto network pays 19.5%, and accumulates every few minutes. No tax either.
https://app.anchorprotocol.com/earn
Terra is ranked #2 DeFi after Ethereum. Luna, the Terra network Coin is ranked #9 with a market cap of $30 Billion. It is also loaded up with Bitcoin to the tune of $1.7Billion to support the UST stablecoin, with a target of $10Billion. It is basically buying Bitcoin as a 'gold standard' backing assuming you believe in the long term good future for Bitcoin.
https://coinmarketcap.com/
https://www.altrady.com/blog/terra-buys ... n-bitcoin/
You can insure your deposit too. You can't do that with Prasac.
***caution***
Do Your Own Research and only deposit what you can afford to lose. That includes Prasac as well!
https://app.anchorprotocol.com/earn
Terra is ranked #2 DeFi after Ethereum. Luna, the Terra network Coin is ranked #9 with a market cap of $30 Billion. It is also loaded up with Bitcoin to the tune of $1.7Billion to support the UST stablecoin, with a target of $10Billion. It is basically buying Bitcoin as a 'gold standard' backing assuming you believe in the long term good future for Bitcoin.
https://coinmarketcap.com/
https://www.altrady.com/blog/terra-buys ... n-bitcoin/
You can insure your deposit too. You can't do that with Prasac.
***caution***
Do Your Own Research and only deposit what you can afford to lose. That includes Prasac as well!
- whiteribbon
- Expatriate
- Posts: 666
- Joined: Fri Sep 08, 2017 3:45 pm
- Reputation: 252
- Contact:
Re: Bank interest comparison
Updated list below:
—>1 year deposit account:
Interest rates
Banks:
- Woori bank 7.25%
- Sathapana bank 5.75%
- SBI Ly Hour bank 5.75%
- Kookmin bank 5.50%
- CAB bank 5.50%
- Shinhan bank 5.25%
- Canadia bank 5%
- Prince bank 5%
- Acleda bank 4.55%
- ABA bank 3.75%
- Bred bank 3.50% to 4% (negotiable)
- Vattanac bank 3.50%
Micro Finance institutions:
- Hatha 7.25%
- Prasac 7%
—>1 year deposit account:
Interest rates
Banks:
- Woori bank 7.25%
- Sathapana bank 5.75%
- SBI Ly Hour bank 5.75%
- Kookmin bank 5.50%
- CAB bank 5.50%
- Shinhan bank 5.25%
- Canadia bank 5%
- Prince bank 5%
- Acleda bank 4.55%
- ABA bank 3.75%
- Bred bank 3.50% to 4% (negotiable)
- Vattanac bank 3.50%
Micro Finance institutions:
- Hatha 7.25%
- Prasac 7%
just noise, white noise
- whiteribbon
- Expatriate
- Posts: 666
- Joined: Fri Sep 08, 2017 3:45 pm
- Reputation: 252
- Contact:
Re: Bank interest comparison
I might have mixed up some monthly or yearly interest withdrawal rates but the difference is usually 0.25%, the 5.75 with Sathapana is for monthly withdrawal.
just noise, white noise
Re: Bank interest comparison
Why is it that crypto and that ilk are always quoted in fiat to give it credibility?Doc67 wrote: ↑Wed Apr 13, 2022 2:32 pm Anchor Protocol on the Terra crypto network pays 19.5%, and accumulates every few minutes. No tax either.
https://app.anchorprotocol.com/earn
Terra is ranked #2 DeFi after Ethereum. Luna, the Terra network Coin is ranked #9 with a market cap of $30 Billion. It is also loaded up with Bitcoin to the tune of $1.7Billion to support the UST stablecoin, with a target of $10Billion. It is basically buying Bitcoin as a 'gold standard' backing assuming you believe in the long term good future for Bitcoin.
https://coinmarketcap.com/
https://www.altrady.com/blog/terra-buys ... n-bitcoin/
You can insure your deposit too. You can't do that with Prasac.
***caution***
Do Your Own Research and only deposit what you can afford to lose. That includes Prasac as well!
Ironic really.
People of the world, spice up your life.
- truffledog
- Expatriate
- Posts: 1662
- Joined: Sat Mar 07, 2020 4:54 am
- Reputation: 1030
Re: Bank interest comparison
now that the content is there you just need to register a domain (with some webspace and emailservice), choose a template for your website (google) and your original idea of a killer website has become real. Cost less than 20$.whiteribbon wrote: ↑Wed Apr 13, 2022 7:48 pm Updated list below:
—>1 year deposit account:
Interest rates
Banks:
- Woori bank 7.25%
- Sathapana bank 5.75%
- SBI Ly Hour bank 5.75%
- Kookmin bank 5.50%
- CAB bank 5.50%
- Shinhan bank 5.25%
- Canadia bank 5%
- Prince bank 5%
- Acleda bank 4.55%
- ABA bank 3.75%
- Bred bank 3.50% to 4% (negotiable)
- Vattanac bank 3.50%
Micro Finance institutions:
- Hatha 7.25%
- Prasac 7%
work is for people who cant find truffles
Re: Bank interest comparison
If that's the case they ripped me off because I will pay 14% at maturity for sure.whiteribbon wrote: ↑Tue Apr 12, 2022 11:31 pmAnd 6% if you live here (*even if you’re a foreigner).
Re: Bank interest comparison
From what I just read interest paid on a savings account is taxed at 4% for a resident.
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