As I know, on Steem (and the same thing is on Hive) ...savings wallet has no APR. It just serves as "what if" option. I never used it, I don't know anyone else who used it, because your price is not locked in savings acc, you are in the same spot as if you would keep liquid hive/steem. The difference is, when you really need it, you have to wait for few days to unlocked it from savings account, but if you keep it liquid you can used it asap
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Then what's the point in having a savings account at all and why name it that way? Usually a Savings account is where you park some money and you get some interest on it, no?
"Savings" is because you can lose your keys and even if somebody find them and logs into your account, intruder can not use steem/hive. Even if he makes transaction from savings account into liquid account (i.e. savings Hive into Hive), he has to wait 3 days to access. In meantime you can also save your account and get new keys. So....if you are sloppy with keys, than savings account is for you. Otherwise no.
That makes sense. Thank you for your response!