A couple of weeks ago I decided that I will be sending some of my Hive Backed Dollars that I earn into the Savings Account of the Hive Blockchain as it is offering a sweet 12 percent APR which is for a three-day lock-in is definitely a steal. Part of the reason I am doing this is to create an EMERGENCY FUND for myself when I am in times of need and for when I see opportunities to buy something at a good price.
HBD is a pretty good Stable Coin Investment in my opinion and earning 12 percent is definitely cheery on the CAKE plus I am also hoping if HBD goes above 1 USD in value as that might create some opportunity for me as well.
As for my Interest earned, I have accumulated 0.152 HBD as INterest and in the next 1 hour, I will also have 0.275 HBD more which makes my total Interest 0.427 HBD. Yes, that's not a lot but I have only added 50 HBD to my Savings account so I am happy with the progress right now. Plus I am planning to add more HBD to the Savings Account to the point where I can earn around 10 HBD every single month just from Interest.
All that being said I will indeed withdraw my Savings if there is some sort of EMERGENCY in the House and as I said it is part of the reason why I am creating this FUND for me. Hopefully, I don't have any emergency any time soon.