# Relative speed of Geostationary satellite with respect to Earth?

I was wondering whether relative speed of geostationary satellite with respect to earth is zero or not. Since angular velocity of satellite about earth is same as angular speed of earth about its own axis but distance of surface of earth from axis of rotation is different from distance of satellite from axis, it implies that speed of both (observer on the surface of earth watching satellite and satellite itself) is different (Since $$v=rw$$). It means that relative speed of geostationary satellite with respect to earth should not equal to zero. But shouldn't it should be zero since to an observer on earth geostationary satellite would appear to be at rest.