Looking for a safe and secure way of earning interest on your SBD holdings? Introducing SBDBank - the Steem Backed Bank.

SBDBank is now open for business and accepting Steem Backed Dollar deposits of 10 SBD or more. In return for depositing your SBD with SBDBank, you will receive monthly interest payments which can be paid to your nominated Steem address, or added to your deposit balance and compounded. The minimum deposit term is one calendar month. also daily interest withdrawl deosits available minimum deposits for daily interest 100 SBD daily interest for 100 SBD is 0.500 withdrawl

Deposit Rates

0010-0099 SBD - 14.42% per annum (0.83% per calendar month)
0100-2499 SBD - 13.48% per annum (0.100% per calendar month)
2500-5000 SBD - 12.68% per annum (1% per calendar month)
Deposits in excess of 5000 SBD will be paid 12.68% per annum, plus a discretionary bonus rate that will vary from month to month.

Deosit Rates for Daily interest Withdrawl

0100-0200 SBD - 0.500 SBD Daily interest you can withdraw deposit fixed for 3 months on hold
0200-0400 SBD - 2.000 SBD Daily interest you can withdraw deposit fixed for 6 months on hold
0400-0600 SBD - 4.000 SBD Daily interest you can withdraw deposit fixed for 9 months on hold
0600-1000 SBD - 5.000 SBD Daily interest you can withdraw deposit fixed for 12 months on hold
1000-5000 SBD - 8.000 SBD Daily interest you can withdraw deposit fixed for 12 months on hold
5000- and above 10.00 SBD Daily interest you can withdraw deposit fixed for 12 months on hold

100% Safe and Secure

Deposit Process

Go to your wallet page, click on your SBD balance and select transfer
Enter sbdbank in the "To" field
Enter the amount of SBD you'd like to deposit
Enter the number of months you'd like to deposit for in the memo field
Click "Submit" and enter your account's active key to complete your deposit
minimum deposits 10 SBD

For security reasons, deposits and interest payments will only be returned to the Steem account that made the deposit.

We won't
Exchange your SBD for Bitcoin and other cryptocurrency for the purpose of speculation
Use your funds to make unsecured loans or high risk investments
Promise "get rich quick" HYIP returns and then pull an exit scam
Mislead the Steem community about SBDBank's goals or financial health

We will

Exchange your SBD for Bitcoin and other cryptocurrency as a means of obtaining USD
Use USD funds to make low-risk, secured loans in a market that's never had a default
Promise and deliver returns far in excess of what you'd receive at a traditional bank
Keep the Steem community up to date regarding SBDBank's financial health and performance

Our Goal

Rather than an end in itself, SBDBank is intended as a proof-of-concept for a substantially larger operation. Though our revenue model is more than sound, this venture would require vast amounts of capital to make it truly worthwhile. In the event that SBDBank conducts an initial coin offering (ICO) at some point in the future, SBDBank depositors and the Steem community will be offered advantageous pricing and the right of first refusal.