If you were depositing funds at a bank and the quoted interest rate was 8% p.a., with interest compounded daily, you would be better off if the bank used a 360-day basis rather than a 365-day basis for compounding the interest rate

True or False?

At the beginning I thought this question should be True, because 8%/360 > 8%/365 but when I calculate it efficiency rate which using (1+r/m)^m-1, i found 365 compounding is slightly higher than 360, so I am really confused about it