When you encounter a service that is too good to be true, you would wonder if it works. We thus understand that many of you have asked who we are and how we offer such high interest rates. Here we have a list of frequently asked questions that we’d be happy to answer.
1. My Accounts
What is [My Accounts]?
[My Accounts] at HaruBank are interest-bearing accounts, which provide a competitive annual interest rate to cryptocurrency holders even without lock-up.
How long should I keep my crypto in [My Accounts] to earn interest?
At HaruBank, you can earn interest on your crypto savings from day 1. Securely store crypto at your savings account and receive interest without lock-up. You may withdraw your crypto at any time.
How is my interest paid out?
The interest earned in [My Accounts] will be paid out daily. Note that the longer you store your crypto, the higher your yields will be due to compound interest. You will be able to view your total balance of savings on the ‘My Accounts’ page. Interest will be added to [My Accounts] in the deposited currency, meaning BTC savings will earn BTC as interest.
Does interest in [My Accounts] compound?
Yes, [My Accounts] compounds interest daily. The longer you stay with HaruBank, the more you earn.
2. HaruBank Monthly Deposit
What is the HaruBank [Monthly Deposit]?
The HaruBank Monthly Deposit is a time deposit that provides even higher interest rates to our clients who deposit their crypto at HaruBank with a 1-month lock-up period (2 months for Terra KRT). A lock-up period is automatically renewed until canceled.
How long can I deposit my crypto to earn interest?
Until you cancel the automatic renewal before the maturity date, your deposit will be automatically renewed every month.
How is my interest paid out?
Your interest will be paid out daily to your [Monthly Deposit] account. The principal deposit amount will be available for withdrawal on the maturity date. However, you can always transfer your interest balance to [My Accounts] and request to withdraw your interests. Interest is paid in the deposited currency, meaning BTC will earn BTC as interest.
Does interest in my [Monthly Deposit] compound?
Yes, in HaruBank Monthly Deposit, interest also compounds daily. Again, the longer you stay with HaruBank, the more you earn.
What is the minimum amount for the [Monthly Deposit]?
The minimum amount for each [Monthly Deposit] is 0.0001 BTC, 0.005 ETH, 1 USDT, respectively.
3. Asset Management
What does HaruBank do with my deposits?
Your deposit generates stable profit through institutional loans and asset management. Trusted asset management partners of HaruBank include Block Crafters Capital and six other partners around the world. With investment diversification and low-risk investment strategies such as arbitrage trading, quant trading, HaruBank offer you stable yet competitive interest rates.
Who manages my crypto savings and deposits?
Assets deposited at HaruBank are managed by our trusted management partners who meet our selection criteria as follows:
- Registered corporations only.
- Crypto asset management companies with at least four professionals, preferably with strength in algorithm trading.
- Total annual trading volume of at least 100 million USD.
- Asset management history for 18-month periods.
- A strong track record with low volatility and profit above the industry average.
To read more about FAQs regarding withdrawal or KYC verification, visit our Help Center. Feel free to shoot us any questions on our Help Center or email to email@example.com.
HaruBank is the trusted crypto savings and deposits service provider. We offer over 10% interest rate on cryptocurrency savings and up to 15% for monthly deposits of BTC, ETH, USDT, and Terra KRT. What we offer aims to shift a paradigm of investment in cryptocurrency — investment in crypto can be stable and comfortable, too. Keep your crypto asset smart.
Official Website: www.harubank.com