Nexus Bank Savings Rate- 1% every week

Discussion in 'Classifieds & Ads' started by JazzBeam, Nov 2, 2013.

Thread Status:
Not open for further replies.
Thread Tools

Thread Tools

Page 2 of 4
  1. dylpickle98

    dylpickle98 Builder
    Builder ⛰️ Ex-Mayor ⚒️⚒️

    Joined:
    Apr 26, 2012
    Messages:
    346
    Trophy Points:
    26,220
    Gender:
    Male
    Ratings:
    +25
    If ur still doing this I got a few grands lying around... pm me ingame sum time
     
    #21 dylpickle98, Dec 2, 2013
  2. JazzBeam

    JazzBeam Builder
    Builder ⛰️ Ex-Resident ⚒️

    Joined:
    Jul 28, 2013
    Messages:
    899
    Trophy Points:
    29,090
    Gender:
    Male
    Ratings:
    +151
    Thank You!
     
    #22 JazzBeam, Dec 2, 2013
  3. JazzBeam

    JazzBeam Builder
    Builder ⛰️ Ex-Resident ⚒️

    Joined:
    Jul 28, 2013
    Messages:
    899
    Trophy Points:
    29,090
    Gender:
    Male
    Ratings:
    +151
    Why not discuss it here?
     
    #23 JazzBeam, Dec 2, 2013
  4. rockboy2000

    rockboy2000 Mayor
    Mayor ⛰️⛰️ Ex-Tycoon ⚜️⚜️⚜️ Premium Upgrade

    Joined:
    Oct 19, 2012
    Messages:
    1,344
    Trophy Points:
    50,410
    Gender:
    Male
    EcoDollars:
    $0
    Ratings:
    +310
    I will explain why people may not be so keen. If we give you money and you loan it out, there is not guarantee that we will see our money returned. If the person you loan it to scams you and never returns, our money is lost. We need some sort of assurance that our money will be safe, we need to know that in the worst case, that you will be able to refund us. As well as this, months are a very long time in this game, and when people may only stay a year or two in the game, perhaps even less, one month to earn 1% is very little and simply not worth the hassle.

    I like to see that you are using your initiative and finding ways to make money that others may not have thought of, but when developing a business you need to make your customers feel that they are at no risk.
     
    #24 rockboy2000, Dec 2, 2013
  5. 0TheRedHerring0

    0TheRedHerring0 President
    President ⛰️⛰️ Ex-EcoLegend ⚜️⚜️⚜️⚜️ Prestige ⭐ I ⭐

    Joined:
    Jun 2, 2013
    Messages:
    996
    Trophy Points:
    58,510
    Gender:
    Male
    EcoDollars:
    $175,286
    Ratings:
    +360
    I don't want to do this because of the risk. However, your intrest rate is incredible. 1% compounding weekly for a year based on the numbers you gave would mean a 67% APR. (1.01)^52=1.67.
     
    #25 0TheRedHerring0, Dec 4, 2013
  6. JazzBeam

    JazzBeam Builder
    Builder ⛰️ Ex-Resident ⚒️

    Joined:
    Jul 28, 2013
    Messages:
    899
    Trophy Points:
    29,090
    Gender:
    Male
    Ratings:
    +151
    I put the interest rate high to attract depositors, because someone told me 0.5% a week seems too little. So I doubled it.

    Since all of you explained to me about the risk of losing your money when I loan it out, I am just going to say that there are steps to reduce the risk of a loan, and make sure your money is returned, and steps to make sure the loan is safe. But I will not tell you those specific procedures because some people viewing this thread might be scammers, and if they see my plans, they will know them and find a way to trick me.

    But one of the procedures has to do with finding clues about whether the person taking out the loan is trustworthy or not. There is also collateral, if the person using the loan fails to pay it back, my bank gets to keep the items or plots he or she used the loan to buy. And when my depositors want their money back, I can sell those items at higher prices and give my depositors the money.

    Which lowers the risk of losing your money if you put your money into The Nexus Bank.
     
    #26 JazzBeam, Dec 13, 2013
  7. JazzBeam

    JazzBeam Builder
    Builder ⛰️ Ex-Resident ⚒️

    Joined:
    Jul 28, 2013
    Messages:
    899
    Trophy Points:
    29,090
    Gender:
    Male
    Ratings:
    +151
    I have it at 1% interest rate a week, thats more than 4% a whole month.
     
    #27 JazzBeam, Dec 13, 2013
  8. The_Flubs

    The_Flubs Builder
    Builder ⛰️ Ex-President ⚒️⚒️

    Joined:
    Dec 4, 2013
    Messages:
    59
    Trophy Points:
    19,650
    Gender:
    Male
    Ratings:
    +13
    What is Your In Game Name? The_Flubs
    Your Ranks: Resident
    Where you want your ATM or Money Sign to be located: my house (x:-3944 y:63 z:-14407)
    How much money will be put in per click? $100
    What is 12+19= 31
     
    #28 The_Flubs, Dec 14, 2013
  9. JazzBeam

    JazzBeam Builder
    Builder ⛰️ Ex-Resident ⚒️

    Joined:
    Jul 28, 2013
    Messages:
    899
    Trophy Points:
    29,090
    Gender:
    Male
    Ratings:
    +151
    Alright, which town?
    Once you tell me I will make your savings account as soon as I can! :)
     
    #29 JazzBeam, Dec 15, 2013
  10. The_Flubs

    The_Flubs Builder
    Builder ⛰️ Ex-President ⚒️⚒️

    Joined:
    Dec 4, 2013
    Messages:
    59
    Trophy Points:
    19,650
    Gender:
    Male
    Ratings:
    +13
    Ktown
     
    #30 The_Flubs, Dec 15, 2013
  11. JazzBeam

    JazzBeam Builder
    Builder ⛰️ Ex-Resident ⚒️

    Joined:
    Jul 28, 2013
    Messages:
    899
    Trophy Points:
    29,090
    Gender:
    Male
    Ratings:
    +151
    Okay
     
    #31 JazzBeam, Dec 15, 2013
  12. amandx1142

    amandx1142 Builder
    Builder ⛰️ Ex-Resident ⚒️

    Joined:
    Dec 15, 2013
    Messages:
    30
    Trophy Points:
    19,180
    Gender:
    Female
    Ratings:
    +2
    Agreed.
    Sorry, but it seems a little skeptical...
     
    #32 amandx1142, Dec 18, 2013
  13. JazzBeam

    JazzBeam Builder
    Builder ⛰️ Ex-Resident ⚒️

    Joined:
    Jul 28, 2013
    Messages:
    899
    Trophy Points:
    29,090
    Gender:
    Male
    Ratings:
    +151
    What is skeptical?
    You don't trust me?
     
    #33 JazzBeam, Dec 18, 2013
  14. amandx1142

    amandx1142 Builder
    Builder ⛰️ Ex-Resident ⚒️

    Joined:
    Dec 15, 2013
    Messages:
    30
    Trophy Points:
    19,180
    Gender:
    Female
    Ratings:
    +2
    I have never seen you in game.
     
    #34 amandx1142, Dec 18, 2013
  15. ReDnAx1991

    ReDnAx1991 Builder
    Builder ⛰️ Ex-President ⚒️⚒️

    Joined:
    Mar 27, 2012
    Messages:
    290
    Trophy Points:
    26,240
    Gender:
    Male
    Ratings:
    +63

    I think this is a great initiative, however I think you have to rank a little higher to make your bank work. I do like the idea and I am not affraid to invest some of my savings to a nice initiative like this. So I will start with a deposit of $5,000.- to see how this works.

    And I hope that people will follow my lead.

    And as a bonus: just to let you know 1% a week is not the same as 4% a month (it is actually 4.06% which is even better of course see spoiler)
    500$*1.04= 520$ , 500$*1.01*1.01*1.01*1.01=520.30$ so 520.30/520=1.0406 which is 4.06%

    .06% doesn't look much but with 1 mil. that is a whopping extra 600$ a month :p.

    P.s. meet me ingame
     
    #35 ReDnAx1991, Dec 19, 2013
  16. JazzBeam

    JazzBeam Builder
    Builder ⛰️ Ex-Resident ⚒️

    Joined:
    Jul 28, 2013
    Messages:
    899
    Trophy Points:
    29,090
    Gender:
    Male
    Ratings:
    +151
    I knew that.
    I said: 1% a week is more than 4% a month.
     
    #36 JazzBeam, Dec 19, 2013
  17. ReDnAx1991

    ReDnAx1991 Builder
    Builder ⛰️ Ex-President ⚒️⚒️

    Joined:
    Mar 27, 2012
    Messages:
    290
    Trophy Points:
    26,240
    Gender:
    Male
    Ratings:
    +63

    This was more towards others, I read that you said that
     
    #37 ReDnAx1991, Dec 20, 2013
  18. amandx1142

    amandx1142 Builder
    Builder ⛰️ Ex-Resident ⚒️

    Joined:
    Dec 15, 2013
    Messages:
    30
    Trophy Points:
    19,180
    Gender:
    Female
    Ratings:
    +2
    I would also do this if you ranked up more :)
     
    #38 amandx1142, Dec 20, 2013
  19. leo_valdes

    leo_valdes Builder
    Builder ⛰️ Ex-President ⚒️⚒️

    Joined:
    Dec 17, 2013
    Messages:
    131
    Trophy Points:
    19,820
    Ratings:
    +24
    what are the rules for a savings acount
     
    #39 leo_valdes, Dec 21, 2013
  20. JazzBeam

    JazzBeam Builder
    Builder ⛰️ Ex-Resident ⚒️

    Joined:
    Jul 28, 2013
    Messages:
    899
    Trophy Points:
    29,090
    Gender:
    Male
    Ratings:
    +151
    No rules. You can be a builder and have a savings account.
     
    #40 JazzBeam, Dec 22, 2013
Page 2 of 4
Thread Status:
Not open for further replies.