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Bank Interest Rates

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    • shaz1 [270923]
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    Thread created on 15:39:33 - 08/02/17 (9 years ago)
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    Last replied 18:30:11 - 30/10/25 (1 year ago)
    New players would normally question whether it is worth it to invest in the Bank Interest rates merit.

    Here is a formula on how to calculate the bank interest rates to help you decide.


    Duration
    %
    %
    1 Week
    Base rate
    +
    0.1*Number of bank interest merit
    2 Weeks
    Base rate*2.3
    +
    0.23*Number of bank interest merit
    1 Month
    Base rate*5
    +
    0.5*Number of bank interest merit
    2 Months
    Base rate*11
    +
    1.1*Number of bank interest merit
    3 Months
    Base rate*16
    +
    1.6*Number of bank interest merit




    Base rate = 1 week rate at 0 bank interest merit

    This means that regardless of what is the base rate is, investing in 10 bank interest merit will net you an additional 11% (for 2 months period) or 16% (for 3 months period) extra interest over those without bank interest merit.





    Additional Info

    If you have already invested in some (or full) bank interest merits, you can find out what is the current base rate by minusing your current 1 week rate with (0.1*number of bank interest merits).

    For example your current 1 week rate is showing as 0.99%, simply minus 0.99% - 0.1*6 (I have 6 bank interest merit) = 0.39% (This is the current Base rate)
    Last edited by shaz1 on 15:31:00 - 24/03/18 (8 years ago)

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    • Nobody [237547]
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    Posted on 08:28:12 - 09/02/17 (9 years ago)
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    I'm questioning if it's worth it to invest in the bank all together, but it's the simplest way to reach 2B...

    mBHt6gK.gif

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    • Zanoab [1877054]
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    Posted on 17:37:43 - 09/02/17 (9 years ago)
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    Nobody [237547]

    I'm questioning if it's worth it to invest in the bank all together, but it's the simplest way to reach 2B...
    It is worth it if you have nothing else to invest the money into for that period of time.

    My 2B investment more than pays for my donator packs and property upkeep for doing nothing.

    EDIT: I guess at some point, the profits don't seem so impressive.
    Last edited by Zanoab on 17:38:49 - 09/02/17 (9 years ago)
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    • Unnone [2037555]
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    Posted on 20:13:47 - 09/02/17 (9 years ago)
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    Nobody [237547]

    I'm questioning if it's worth it to invest in the bank all together, but it's the simplest way to reach 2B...
    Nice math shaz ;)



    What do you mean Nobody with 2B?
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    • Nobody [237547]
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    Posted on 21:49:31 - 09/02/17 (9 years ago)
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    Nobody [237547]

    I'm questioning if it's worth it to invest in the bank all together, but it's the simplest way to reach 2B...

    Unnone [2037555]

    Nice math shaz ;) What do you mean Nobody with 2B?
    if I can get +20% in a week with 10B on the stock market, or +300M in 2 months with 2B in the bank, what do you think is the best?

    mBHt6gK.gif

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    • Harley [258120]
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    Posted on 22:09:29 - 09/02/17 (9 years ago)
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    Nobody [237547]

    I'm questioning if it's worth it to invest in the bank all together, but it's the simplest way to reach 2B...

    Unnone [2037555]

    Nice math shaz ;) What do you mean Nobody with 2B?

    Nobody [237547]

    if I can get +20% in a week with 10B on the stock market, or +300M in 2 months with 2B in the bank, what do you think is the best?
    I personally get quite a bit more than 300m in 2 months with stocks (with 2b), so I opted not to use the bank anymore. Although I think the bank is amazing once you have like 20b liquid, as it's practically zero effort extra money at that point.



    But I tend to think backwards sometimes, maybe I'm being backwards now too, who knows!
    Last edited by Harley on 22:09:53 - 09/02/17 (9 years ago)

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    • Zanoab [1877054]
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    Posted on 00:10:33 - 10/02/17 (9 years ago)
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    Nobody [237547]

    I'm questioning if it's worth it to invest in the bank all together, but it's the simplest way to reach 2B...

    Unnone [2037555]

    Nice math shaz ;) What do you mean Nobody with 2B?

    Nobody [237547]

    if I can get +20% in a week with 10B on the stock market, or +300M in 2 months with 2B in the bank, what do you think is the best?

    Harley [258120]

    I personally get quite a bit more than 300m in 2 months with stocks (with 2b), so I opted not to use the bank anymore. Although I think the bank is amazing once you have like 20b liquid, as it's practically zero effort extra money at that point. But I tend to think backwards sometimes, maybe I'm being backwards now too, who knows!
    There is the risk of Ched thinking you had insider information but with no evidence, he will just wipe your profits to be fair.
    So pure of heart
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    • shaz1 [270923]
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    Posted on 03:04:51 - 02/03/17 (9 years ago)
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    Aiming for - Full Bank

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    • Mooch [29724]
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    Posted on 23:55:59 - 04/03/17 (9 years ago)
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    can anyone do the math for me? 3 bn + 10* oil rig + 10/10 bank merits, + bb. i dnt have the bb yet but would like to know if its worth it assuming i used the bank every 1-2 weeks. thank you very much. yess im too dumb with numbers.
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    • evil_inside1332 [1899761]
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    Posted on 03:22:56 - 05/03/17 (9 years ago)
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    Mooch [29724]

    can anyone do the math for me? 3 bn + 10* oil rig + 10/10 bank merits, + bb. i dnt have the bb yet but would like to know if its worth it assuming i used the bank every 1-2 weeks. thank you very much. yess im too dumb with numbers.
    if you can max banking, always use 2 months, unless you have a good reason not to use it - 2 months yield the highest interest per day:
    • 1 week = 0.9311224 * base APR (per annum)
    • 2 weeks= 1.0658902 * base APR (per annum)
    • 1 month= 1.0512673 * base APR (per annum)
    • 2 month= 1.1563940 * base APR (per annum)
    • 3 month= 1.1213518 * base APR (per annum)
    as for 10/10 merits + bb (2 months) 1.1563940 * 2.1 / 6 = 0.4047379 base APR (every 2 months)

    for 3b x 2 months @ 22.96% APR: 3,000,000,000 * 0.4047379 * 0.2296 = 278,783,466 (for 2 months)

    30ca8d27-7fe7-44a7-b183-ebb5372df69e-1899761.png?v=1040063

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    • WarlordMickael [2049795]
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    Posted on 18:31:38 - 17/04/17 (9 years ago)
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    So basically, the increase I recieve from every merit I invest into bank interest get's subsequently greater with each merit I invest?
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    • JustJ [964993]
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    Posted on 19:42:39 - 17/04/17 (9 years ago)
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    WarlordMickael [2049795]

    So basically, the increase I recieve from every merit I invest into bank interest get's subsequently greater with each merit I invest?
    The increase is the same for every upgrade you do, but each upgrade costs progressively more, so the price increase per merit actually decreases the more upgrades you do.

    This is per merit though, not per point upgrade.
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    • grellous8 [1997958]
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    Posted on 15:49:42 - 18/04/17 (9 years ago)
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    Sooooo...long story short, is the general consensus that investing in bank interest merits IS WORTH IT or IS NOT WORTH IT?
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    • TheGodfather_ [1972398]
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    Posted on 17:00:23 - 18/04/17 (9 years ago)
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    UP
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    • Steven [889354]
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    Posted on 19:33:33 - 18/04/17 (9 years ago)
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    I'd say it's worth it I get just under 500m for 2 months of investing 3bn with full merits and obviously 10* oil rig to bank the extra 1bn

    Its a reliable income with pretty much no effort involved, if your busy and not on much it doesn't make any difference to that income, more than enough to live off while you use the rest of your cash elsewhere
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    • Hisame [1927822]
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    Posted on 07:21:15 - 30/04/17 (9 years ago)
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    how to get 300 mil in 2 months with 2 bil in the stocks?
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    • Blin [2028034]
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    Posted on 09:03:43 - 30/04/17 (9 years ago)
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    Mooch [29724]

    can anyone do the math for me? 3 bn + 10* oil rig + 10/10 bank merits, + bb. i dnt have the bb yet but would like to know if its worth it assuming i used the bank every 1-2 weeks. thank you very much. yess im too dumb with numbers.

    evil_inside1332 [1899761]

    if you can max banking, always use 2 months, unless you have a good reason not to use it - 2 months yield the highest interest per day: [list][*]1 week = 0.9311224 * base APR (per annum)[/*][*]2 weeks= 1.0658902 * base APR (per annum)[/*][*]1 month= 1.0512673 * base APR (per annum)[/*][*]2 month= [color=#008000][b]1.1563940[/b][/color] * base APR (per annum)[/*][*]3 month= 1.1213518 * base APR (per annum)[/*][/list] as for 10/10 merits + bb (2 months) 1.1563940 * 2.1 / 6 = 0.4047379 base APR (every 2 months) for 3b x 2 months @ 22.96% APR: 3,000,000,000 * 0.4047379 * 0.2296 = 278,783,466 (for 2 months)
    I have no idea what you talking about but i hope it is true. Gonna invest for 2month from now on

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    • Cryptic [2059197]
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    Posted on 09:35:40 - 30/04/17 (9 years ago)
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    It's good for being lazy. The stock market can earn more though
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    • JussiJernkuuk [1874922]
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    Posted on 10:16:48 - 30/04/17 (9 years ago)
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    grellous8 [1997958]

    Sooooo...long story short, is the general consensus that investing in bank interest merits IS WORTH IT or IS NOT WORTH IT?
    There is no general consensus on this. It depends on how you play the game.

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    • Cryptic [2059197]
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    Posted on 00:18:01 - 02/05/17 (9 years ago)
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    Hisame [1927822]

    how to get 300 mil in 2 months with 2 bil in the stocks?
    It's actually not that great really. That's about 1.25% a week so it's respectable and costs no merits to get but costs you time.
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