What The hell is up with the bell bank!

[JKDOS]

So the bell bank gives an interest of 0.01%. But what a lot of people seem to miss is that this "interest rate" comes down to 0.0001 thats 1/1000000

Okay, because I said

a lot of people seem to miss is that

a lot of ou will also wonder where I get my statistics. Well, for those of you who took higher level math and/or algebra you will recall than converting a "percentage" to decimal form requires moving the decimal point two places to the left.

Now that we converted it to decimal we can use it for calculations. if we have a deposite of 1,000 bells and interest is at 0.01% We get 1,000 x 0.0001 = 0.1.


0.1 bell!!!!!!!!!!!!!!!!!!!!!!???????????????????? That means every 10 days of interest you get 1 bell!!!!!!!!!!!!!!!!!!

 

[Rover AC]

Wow. I never relized that! Hey what is up with that! That means I'll be a hobo on this forum... FOREVER... O_O

 

[Gnome]

because interest isn't supposed to get you loads-a-money real quick.

 

[Rover AC]

Well yes that is true. I think they should have at least 5 bells interest for the equivalent of 10 days.

 

[JKDOS]

because interest isn't supposed to get you loads-a-money real quick.

Yes, but 0.01%? It would be nice if we got atleast 1% (which is 0.01x)

EDIT: 1% interest with 1000 bells is 10 bells p/day.

 

[Keenan]

I think someone mentioned this on another thread, the reason the interest rate is so low is so that people actually post to make bells instead of collecting their interest and leaving. It keeps the forum activity up.

 

[Jeremy]

I put the interest down after a glitch gave some people extra money. It was fixed though and I'll put it up a little bit every now and then.

 

[JKDOS]

I put the interest down after a glitch gave some people extra money. It was fixed though and I'll put it up a little bit every now and then.

haha thanks, I was just on my way here to say that interest is now at 0.1% or 0.01x

 

[sunate]

Hmmm time to put my money's in my savings account ima be rich! XD.. 30 years from now jk

 

[JKDOS]

Hmmm time to put my money's in my savings account ima be rich! XD.. 30 years from now jk

You gotta manually collect interest every 24 hours lol. It's not like real banks

 

[Jake]

It's online currency, no need to rage

 

[JKDOS]

It's online currency, no need to rage

Sorry. wasn't meant to be a rage. It was more of a shocker, that the interest rate was ridiculously low. lol 0.0001x haha, I'm glad its 0.001 now.

Also, online currency is just as good as virtual currency

 

[Jake]

I get 1 bell a day from interest though

 

[JKDOS]

I get 1 bell a day from interest though

1 bell per 1000 bells.

If you save upto 10,000 bells, you get 10 free bells a day

 

[Jake]

i have over 10,000 bells and i'm pretty sure i only got 1 bell

 

[JKDOS]

i have over 10,000 bells and i'm pretty sure i only got 1 bell

10,000 bells gives 1 bell at 0.01%... 10,000 at 0.10% gives 10

10,000 * 0.001 = 10
10,000 * 0.0001 = 1

 

[Jake]

i still could ave sworn i got 1 bell, and it was at 0.1%

 

[JKDOS]

i still could ave sworn i got 1 bell, and it was at 0.1%

Well, I know Jeremy changed the interest today after I made this thread, and It seemed to work for me since... I guess I'm special

 

[Justin]

You... You actually got Jeremy to increase it. *clap*