indrora, boot of journalism on Nostr: npub1cy5zq…4cfxu 0.025% interest rate on the account, looks like. Short form: ...
npub1cy5zq9uk6qcgxmwwxxf7kepnc0tf75pjac4d66ys9577u6vdl7ys24cfxu (npub1cy5…cfxu) 0.025% interest rate on the account, looks like.
Short form: it’s a ploy to have more money in the bank so the bank can use their total account balances to finance higher loans (which are backed by cash on hand). The more you put in the bank, the more (effectively) of the dividends from their loan interest is paid to you to encourage you to put more money in to allow them collateral on larger loans.
Short form: it’s a ploy to have more money in the bank so the bank can use their total account balances to finance higher loans (which are backed by cash on hand). The more you put in the bank, the more (effectively) of the dividends from their loan interest is paid to you to encourage you to put more money in to allow them collateral on larger loans.