More & More Deposits arrive at The @Bellyrubbank
Since @Bellyrubbank got founded about a Month ago, we could see more and more Accounts getting opened every single day. In the meanwhile the Deposits of fellow Steemians increased to a total of more than 4000 SBD. This being said I want to outline ones again, that all those Deposits are handled very carefully and are exclusively used to improve the Service offered by @Bellyrub, which is as well producing the profits for all Dividend Payments.
In case you´ve made your Deposit on the 16. or 19. August, then you´ll be eligible to receive your first Dividend Payment on the Sept 1st. In case you´ve made your Deposit later, please don´t worry as the Payment Dates will be announced regularly.
How to open a Deposit Account at the @Bellyrubbank?
To open your Deposit Account and earn some real interest on your SBD from now on, you´ll simply have to send at least 20 SBD or more to @bellyrubbank, while mentioning "Bank Deposit, 3 Month" in the Memo field. Please note that smaller amounts won´t be accepted in order to keep the workload as low as possible.
Terms & Conditions of the @Bellyrubbank?
| Minimum Deposit | 20 SBD/STEEM |
| Maximum Deposit | --- |
| Dividend Payments | Bi-Weekly |
| APR | 45.00% |
| Effective ROI in 3 months | 11.25% |
Start earning real Appreciations on your SBD from now on!
Deposit 20 SBD/STEEM or more to the @Bellyrubbank todayI´ll always give my best for YOU!
Vote @Zeartul for Witness
The APR is a good return in comparison with traditional banks or even stocks, but when you compare it with other offers provided by other cryptos -- it's pretty low. Sorry, I'm not attracted...
Yes of course it is better than traditional banks and stocks. But having a low APR to start with is a safer way to start the bank.
Other Cryptos might offer something better but keep in mind this is a bit much safer than trading or even other offers.
I rather stay conservative until @bellyrub gets a whole lot bigger.
Than It would be able to offer better % rates.
45% APR is an insanely high return for a deposit account. I'd go so far as to say it's a high risk investment. Perhaps not as high risk as wider crypto, but I think there's a good chance this could go belly up. Not saying people shouldn't invest, but they should be aware of the risks.
Which part of the investment is it you are referring to here? Cryptocoins in general are high risk, STEEM is higher risk than other cryptos, then giving money to @bellyrubbank / @zeartul is added risk again. But is it crypto, STEEM or @zeartul you are referring to here?
All three are risks. There's counterparty risk (trusting the bank with custody of your money), solvency risk (risk that the venture will not be sufficiently profitable to return the intended interest), volatility risk of the Steem Power being held dropping in value etc.
Greetings @cryptoeera, the offer presented by @zeartul seems very beneficial, since I am participating in it!
However, I would like to know what other proposals you know, I have not seen within the platform many offers that exceed this!
BitConnect, Burstcoin Assets, Nexus Assets and so on.
Anyway, even without going to other cryptos; I think just converting the SBD to Steem Tokens would definitely bring more than 45% APR...
Thanks for commenting on this, I have very little knowledge on this subject!
You're welcome.
hey @zeartul,
I depost in your bank , but I need money now , can I withdraw money or I need wait 3 month ?
Hello Sorry the funds stay until three months.
Excuse my ignorance, how does this work? How is Bellyrubb able to pay out the 45%, is he trading SBD on the markets or something?
@Bellyrub is a bid bot. That is how it earns its profits. :)
It is 45% APR
I like the idea. Should be fun to see how it works out. Too bad there isn't an automated response when a person sends a deposit. Yet I understand you're just starting out.
this would be a nice feature 😊
Hi! I am a robot. I just upvoted you! Readers might be interested in similar content by the same author:
https://steemit.com/bellyrubbank/@bellyrubbank/payments-sent-bellyrubbank-earn-45-apr-50-sbd-steem
Thank you @cheetah it is an update post.
This post has received a 18.91 % upvote from @booster thanks to: @zeartul.
Thank for the report, greetings @bellyrubbank
I already have 27 sbd on my wallet but I want it become 50 to deposit in @bellyrubbank, the more sbd the higher the income I think.
The min is 20 SBD, you can always deposit more.
Just a little confusion in the post. Under 'how to open an account' you list a minimum of 50 SBD deposits, but in the next section you list it as 20 SBD. Have you increased the minimum, increased the minimum opening investment, or something else?
It is 20 SBD updated post.
In the "How to open a Deposit Account at the @Bellyrubbank?" section, it says you need 50 SBD to start an account. But in the terms and conditions it says 20 SBD is the minimum deposit amount.
Is this a typo or do you need a minimum of 70 SBD to start up with? I sent in 20 SBD 11 days ago to Bellyrubbank and it didn't get sent back so I'm assuming all was good? I'm half awake right now so I may be reading something wrong. Thanks in advance!
It is 20 SBD updated post.
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STOPreally nice deal!
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STOPQuestion - is the money automatically returned to you after three months, or do you have the option to leave it longer? Or do you have to request the money back?
You can leave it longer. If youd like
Hi! Thanks for the reply! And does it get automatically returned? Or do you have to request a payout ?
It does it auto.
Then how can one leave it for longer when it auto returns!
I really like the idea and will use this soon.
But first you got my upvote!
Thank you for the information. Newbie here and trying to learn as much as I can :) Please let me know if you have any tips. Best wishes :)
-@splendorhub
The article for @bellyrubbank is ready!
So why only 16 or 19 August! What happens to dates in between? I made mine on 18th August. When would I get my first dividend?
All payments are to be made monthly now every 22nd of the month. Most people wanted bigger payouts, you will get your payment on the 22nd.
Oh! So this is a retrospective decision!!!
And there is a different rule for payments made on 16 & 19th. Sometimes you unnecessarily complicate things! 😢
Hey I am a bit confused about the repayments, do you repay every one on the same day every 2 weeks or do you do it individually?
I deposited on the 10-8 and received returns on the 22-8, on schedule 2 weeks later, but the would put the next one at 02-9, which is 2 days late.
I also redeposited on the 29-8
Payments have been moved to the 22nd of every month.
@bellyrubbank @zeartul - what's going on here, you say dividend payments are bi-weekly, yet I've only gotten 1 payment from my first deposit on 8/10.
Hello, Payments have been moved to every month as the new post states every 22nd ofthe month.
Hi I accidentally sent to @bellyrub instead of @bellyrubbank will it still go to the right place and earn intrest?