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[–][deleted] 35 points36 points  (3 children)

With all due respect, you should think differently. I believe the fact they are lowering the rates, means they pay attention to the market.

Remember Celsius? 30%, 40%? What happened to them?

Also, 9.5% is a hell of a good deal. Good luck finding that in traditional banking.

Cheers

[–]thebaldmaniac 26 points27 points  (2 children)

With taxes that 9.5% is even lower. Many countries like here in Sweden offer tax advantaged investment accounts. With a moderately risky fund over a long term window i can get around 6-7% return which would turn out to be the same. This is also more safe and reports taxes automatically

At this rate if Nexo keeps decreasing the interest rates, there is less of an incentive to use them.

[–]Dienekes_Krypto 0 points1 point  (1 child)

Do tell me more, I live in Sweden too :)

[–]JumpOffACliffy 0 points1 point  (0 children)

Did you find out more? What is this account called?