Hi cryptoniacs, now I would like to give a look at the interest rates offered by traditional banks on our beloved FIAT currencies, in this post we' ll dive especially into EUR and CHF, so if you are a euro or franc holder and have a bank account, prepare to change your mind on what you thought was the best available deal, no investment involved in this case. I personally rather buy bitcoin than keeping FIAT money, but since I still need some FIAT for my bills and purchases, I found some easy ways to play the banks game and not having just to bent at 90 degrees. So in my mind the message is clear: fuck banks. LOL.

Let' s start from Europe, the best interest rates in this market are around 3% and are more specifically divided by countries in this way:

-Germany offers up to 3.85% p.a.(per year) with a Deposit term up to 12 months;

-Sweden offers up to 3.83% p.a. with a Deposit term up to 12 months;

-Austria offers up to 3.56% p.a. with a Deposit term up to 12 months;

-Spain offers up to 2.75% p.a. with a Deposit term up to 12 months;

-Finland offers up to 1.30% p.a. with no Deposit term.

Now let' s be real, these interest rates are not fixed, they depend onto the underlying central bank rate, so in simple words, they can change. That said I believe that we as customers have the right to search and find out the best deal for us. In the same way we would be looking on tripadvisor for the best restaurants' deals, what if I told you that there are better offers and solutions than the traditional ones? Let' s give a quick look at a couple that I found:

-Kraken offers a stunning 4% p.a. with no Deposit term. The only downside is a little fee on withdrawal, so if you need to stay liquid and move money around, it is not the best solution, BUT if you have money sitting in savings accounts it is a pretty good deal IMO. Set it and forget it, payouts happen twice per week.

-Bitpanda offers a 3.3% p.a. with no Deposit term. Despite the lower interest rate, Bitpanda offers a nice solution with no locking time period (same as kraken), no withdrawal fees and a monthly payout. So if you need the money to stay liquid, it is a convenient choice compared to Kraken given no withdrawal fees.

Now let' s look at the Swiss interest rates, I will be looking only at UBS' s rates and no private banking solutions, because there are out there better interest rates then the UBS' s ones BUT they require minimum caps and locking time periods so not liquid or convenient at all, IMO. Anyways UBS does not offer interest rates on Personal accounts, they ask the creation of an additional Savings account and they offer up to 1% depending on the cap and age, you can move around the money and no withdrawal fees are implemented. That said since the EUR/CHF pair is always almost 1:1, I personally find way more convenient swapping francs to euros and than get 3x or 4x times more the interest rates offered by the swiss banks. Of course when trading in the FX market there are fees and you might have to wait for some time before having better exchange rates, depending on central banks interest rates and current currencies prices, but if you are willing to be patient and play the game, the risks involved are slim to none compared to investing, giving us an hedge against inflation that devaluates our purchasing power. That said remember I ain' t a financial advisor, I just like crypto. Bytheway I leave you here a graph showing how much we got fucked by the ECB in the last year, as you can see it has been really convenient betting on BTC in the previous year because inflation was way above the interest rates, now it makes more sense to keep a bit of currency since we are not constantly losing purchasing power, but I' m pretty confident that in the near future things will change again, so since I am not willing to get fucked from bankers for no reason, I will keep stacking my sats.

Until we meet again, stay true, stay cryptoniac. And ye, fuck banks.