would someone explain me how bank rewards works cuz i seem like not getting it, here is why:
choosing the daily park rewards you with 7*0,21 a week and that's=1,47%. but if you choose weekly parking, they would reward you 4*5,1 a month=20,4%, while monthly parking only rewards you with 8,6%. in this case why would someone park them for 1 month straight? maybe i'm not getting it
I really don't get why the daily rate is so low and the weekly rate is so high.
My thought process would be that doing it daily would net you the most interest, the drawback being you have to log on daily and re-park your funds.
Then 4 weeks should be worth more than 1 month and 12 months should be more than the 1 year %.
Thus rewarding anyone willing to repeatedly park their coin at a smaller intervals.
Daily isn't worth it at all, weekly is the money spot right now.
Just keep in mind they change, maybe they will get balanced out a bit.