I decided to share a little tip today regarding claiming your HBD interest from savings.
This tip is applicable when you have no liquid HBD at all, not even 0.001, and you are impatient, you want to claim your HBD interest right away like I wanted yesterday.
Before we move forward, let's see when can the HBD interest be claimed from your savings.
To claim your HBD interest from savings, two things need to happen:
- at least 30 days need to have passed since the previous interest claim (or since the first HBD had been added to savings if you didn't claim any interest yet)
- an operation on the HBD savings account needs to happen
I bolded the second one because it's very important how I worded it.
Now, I most often use the PeakD interface for Hive wallet operations. Call it a habit I guess, because there are other great Hive wallets out there.
When it comes to claiming your HBD interest, the interface is very intuitive, letting you know how long until you can claim again. I wouldn't mind if this was one of the automated tasks like claiming rewards.
When the days countdown ends, that text turns into CLAIM NOW, and you can claim your HBD interest.
Effectively, what does PeakD do when you click CLAIM NOW? It sends 0.001 HBD from liquid to savings on your account, thus triggering the interest payment.
But what happens if you don't have 0.001 liquid HBD in your account? With the CLAIM NOW button from PeakD, you get an error. It happens, if you recently moved everything to savings, for example.
So what are your options now?
Option 1: Get your hands on a little liquid HBD (0.001 is enough) and click CLAIM NOW again. This time it will work.
Option 2: Don't use CLAIM NOW at all. Just withdraw 0.001 HBD (or whatever you want) from savings. This will trigger the interest payment too IF the first condition for paying interest is met (30 days have passed since the last interest payment).
That's why I bolded the second condition. Because it says "operation". And it can be either adding more HBD to savings or withdrawing.
PeakD uses adding. If you don't have that 0.001 HBD, you can choose option 2: to withdraw. That was the little tip.
As a side note, remember that anything you withdraw from savings takes 3 days to arrive in the liquid HBD form. But you don't need that to trigger the interest payment, all you need is the start of the withdrawal.