The main reason for the increase in interest rate are the increase in inflation in order to control the high inflation. Banks and other institutions start giving high APR to their investors so that they invest their amount.
In this post we will discuss about some banks that gives high APR profit if you keep your money there and also we'll discuss about what are the main reasons that banks offers that high APR.
Also we'll try to compare these bank APR profits with USDT APR and HBD APR and will tell you the difference and the benefits about it.
First of all in Pakistan, banks are providing around 18 to 20 percent APR which is quite good.
Why they have increased this APR, one of the main reason is the high inflation in the country. They want the investor to invest their amount so that they can further invest in different business in order to control the inflation.
Another main reason is that they don't want to allow money to go outside the country because if they will keep control the money to remain inside the country then they will surely grow their business and in this case they will get a control over the inflation.
The third reason is the pressure of IMF over the Pakistani government where they are forcing over the banks to increase their APR so that investors don't go outside the country for any kind of investments.
Now let's compare this high APR as compared to USDT and HIVE. yesterday I see in Binance about USDT APR profit they are offering around 13% APR if you hold your amount and do lock it for a specific period of time.
On the other hand we have another good opportunity and that is HBD which is offering around 15% APR on the monthly basis.
If you compare all these three institutions we will conclude that Pakistani banks are providing much better APR but I will recommend to invest in HBD because it will allow you to get a good chance of investments as well.
Whenever you see the price of hive is down you invest 20% of your HBD you convert 20% of your HBD into hive and keep on booking the profit, this will help you to book instant profits if you put your amount in HBD.
What do you people think about HBD APR profit, do you think it is the best investment right now? Will be glad to see your answers in the comment section.
I hope you find this post useful and informative. If you do, please remember to reblog it so that it reaches as many people as possible and that they can benefit the most from it. Also, remember to upvote, which will help me financially and grow my account.
IMAGE TAKEN FROM CANVA
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