Posted 4 months ago | by Catoshi Nakamoto

Let’s be real. If you walk into your local bank to make a new account and you ask them about their interest rates…you’re about to have a pretty sad conversation. You would think that the banks would want to give you a real incentive to choose them over their competitors, right? Wrong. Unfortunately for us, they won’t even give us 1%. Many banks these days are offering a “high yield” savings account for the grand total of 0.5% APY. This means, if you were to deposit one thousand dollars into one of these “high yield” bank accounts and didn’t spend a penny for an entire year, you will make staggering 5 dollars. Oh hang on BENS HOLD UP HIS CELL PHONE. Inflation is at least 7%? Ok so you actually lost $65. This is not sustainable or fair and it’s why crypto is well on its way to changing the face of finance forever. When that happens, the banks will be the first ones to go. One thousand dollars has much more financial leverage than you think, but you have to look outside of the box of the legacy system for that to be true. There’s an array of crypto lending/ borrowing platforms you could use to outperform the banks, but today, we’re going to focus in on the high interest rate accounts available NOW using crypto.

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About Catoshi Nakamoto

c6ea0c3794492f30883e516d39b2597a?s=90&d=blank&r=g UNBELIEVABLE Crypto Returns CRUSH Banks by 2500%! (MIND-BLOWING ROI)Activist/Journalist, former writer - We Are Change, The Mind Unleashed, Coinivore, others. Currently writing for - Activist Post and Bitboy Crypto. Not Right or Left Apolitical. I Care About Truths (CATS.) Cryptocurrency enthusiast, I mined and lost 100+ BTC in 2010-2011. I work with - Bitboy, SoMee, CEEK, Presearch, and W3BT aka FMW Media Group. Friend of mostly everyone who isn't a dick. Just A Cool Cat.