Carolina Cloud Pays SOFR Interest on Unused Prepaid Credits
Carolina Cloud pays SOFR on unused prepaid credits
We pay interest on your prepaid credits at the full SOFR rate, compounded daily, ensuring idle funds grow rather than sit stagnant. Unlike banks that deduct a margin, we pass the entire benchmark rate to you. This applies only to purchased credits, not free trials, with accruals continuing through weekends and holidays. Your balance is protected from negative rates, and all earnings are fully spendable on compute and storage.
Idle prepaid credit isn't dead money: it grows until you spend it.
- badatnames
I've looked at doing this in Europe before, interest-bearing completely changes the classification of the prepayment. I didn't dig too deeply, but the general gist was that regulation-wise it really wasn't worth doing for a relatively gimmick-level feature
- canucktrash669
They claim to be 1/3 the price of AWS, so I calculated for fun and it's 8x more expensive than my server auction machine I just got from Hetzner. Which itself is 6x cheaper than on-demand pricing at AWS, but only 3x cheaper than spot. Of course I get free egress. And my RAID1 perf can't be matched by the baseline EBS storage I've used in the comparison.
In any case, they don't seem to really have an edge on AWS unless you have huge egress. What did I miss?
- weakfish
Carolina wins a Stanley Cup, now we have hyperscalers? Moving up in the world!
- RNanoware
I wonder if they see any material differences in their customers’ usage or spending habits on the platform, receiving this interest? My perception of most businesses is that prepaid plans are typically disincentivized compared to subscriptions that auto-renew.
- manzt
Cool! Dumb question, but do prepaid credits ever expire? Feels like the interest only matters if they don't.