Not just in the United States, the banking system around the world is a very faulty system. And no, I am not talking about the recent collapse in banking and the USDC scare. I am talking about the reward system for bank deposits. And I plan to place this system side-by-side with the popular AI-powered arbitrage trading facility – MOSDEX, but let’s continue taking a look at the banks since you still have a chunk left in their bulk room.
The banking system rewards customers for leaving their money with them, or so they say. They termed this ‘interest’ and put out different reward systems for various customer deposit plans. Savings plans, current account, fixed deposit…you probably have a better idea of the whole catalog. However, as of March 2023, the average interest rate on Savings accounts is about 0.37%; $10,000 stashed in a deposit account will yield you a whooping 37$ at the end of 365 days. Yes, it’s ‘whooping’ because a good percentage of the banks don’t offer any tangible interest on savings accounts.
Despite this, the banks still thrive off savings account deposits, and a good reason is that it is hard to do without them in our contemporary financial system design. If you are good with arguments, you can also find a way to portray the banking system as safer for organizations and individuals seeking a means to manage their legal tender.
Savings accounts are cool, in a way. But they are not even the focus here. We are putting the fixed deposit plans against MOSDEX. While funds in savings and current accounts can be easily moved, fixed deposits are ‘staked and locked’. This is similar to what happens on MOSDEX.
MOSDEX is an arbitrage trading protocol designed using machine learning and Artificial Intelligence protocol. According to details published by the MOSDEX team, the MOSDEX arbitrage trading protocol takes custody of funds and uses these funds to trade arbitrages on selected crypto assets across supported exchanges. It utilizes exchange APIs to gain access to orderbooks and perform trades seamlessly. Profit from the trade is then distributed to stakers. Our experiments on MOSDEX’s ROI suggest that the protocol returns up to 4% of the staked amount monthly. Relative to the annualized average interest of 5% on fixed deposits in traditional banks, this is Mouth-watering.
Here’s the question, MOSDEX of Fixed deposits? With $10,000 right in your palms, which option will you take? A realistic response would be a split between the two. Maye $7,000 on fixed deposits and $3,000 on MOSDEX. This is fine, considering the volatility of cryptocurrency projects. But your decision is also supported by the impressive reward system on MOSDEX.
By the way, MOSDEX offers you a $30, bonus when you create your account on the platform. the bonus can be stake immediately.
Back to the discussion, MOSDEX is a no-brainer if the safety of your funds is assured. But while the MOSDEX team claims 100% security of deposited assets, it is still important to apply risk management strategies where possible.
An ‘all eggs in one basket’ choice will be either going 100% into the bank or on MOSDEX. As an investor, it is presumed that you have already drafted a management plan for the funds. MOSDEX will surely take precedence for risk-loving investors, and risk has shown to be relatively rewarding.
What’s your choice? MOSDEX or Fixed deposits? And WHY?
Feel free to forward your comments. And Click here to register for a MOSDEX account today. A 30USDT bonus awaits you!