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WaspIV
ID: 1591033
Level: 27
Posts: 142
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WaspIV [1591033]Reply | Quote | Report
Thread created on Tue Jan 22, 2013 19:19:52
Last replied to on Tue Jan 22, 2013 19:26:53
Hey folks,
I had an idea with the bank investments. Not sure if this has been suggested before, but thought I'd at least throw it out and see what people think.

Basically, my idea is, you can deposit/withdraw money whenever you want to, and the bank pays daily compounded interest. But, if you DON'T deposit or withdraw for a fairly long period of time (a week at least), then the interest rate on the investment gets a little bigger.
However, if you deposit or withdraw cash, the interest rate drops back down to the starting rate again.

Just some sample statistics so you can get an idea of what I'm thinking about..

Day 1 - deposit $10,000,000 in bank
Day 2 - earn starting interest @0.05%
Day 3 - earn starting interest @0.05%
Day 4 - earn starting interest @0.05%
Day 5 - earn starting interest @0.05%
Day 6 - earn starting interest @0.05%
Day 7 - earn uprated interest @0.25%, withdraw $500,000 after interest has been earned.
Day 8 - earn starting interest @0.05%

Starting interest @0.05%
1 Week - uprate to 0.25%
2 Weeks - uprate to 0.50%
1 Month - uprate to 1.25%
2 Months - uprate to 3.50%
3 Months - uprate to 7.00%
6 Months - uprate to 20.00%
1 Year - uprate to 50.00%


Let me know what you think. And if you love the idea, please rate it!

Thanks,
~WaspIV

My STING is worse than my bite.
~Wasp IV
Super secret reinforced spam barrier 2.0
svartorm

ID: 938553
Level: 38
Posts: 61
Score: 56
svartorm [938553]Reply | Quote | Report
Posted on Tue Jan 22, 2013 19:26:53
There are already merits for interest rate adjustments, as well as the interest rates beind different for different lengths of time already. This isn't that different than what's already in place, other than being able to add/remove money at will.

Forum Main>>Suggestions>> Banking system idea.
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