Minecraft Name: Random_Cat_1345 Suggestion: My suggestion is quite simple. It would be cool to have interest every day, week or month on your money in the bank. I don't know what percent interest you guys would want, but here are some suggestions - Every day: 0.1% Every week: 0.5% Every Month: 1.5% Reason: ECC is a hardcore economy server that tries to make the experience identical to the real world. So far money in the bank is just for Stock and Sportsbook use. The interest feature would create an all-new expansion for the bank. Other Information: I realize that this would provide a very easy way to get money, especially for people with millions of dollars. But people work hard for money (except for those who are very lucky with lotto), so even when they are offline for a while they can still get rewarded. Link to this plugin: http://dev.bukkit.org/bukkit-plugins/ibank/ - This is a different plug-in then what the server has already, but it features the interest feature just as an example.
*logs off for a year, comes back a million dollars richer*. Why add $ to the server for players to do nothing, good concept but... Unless the "server bank" would give loans from the interest. Allowing a steap payback, and if not payed back bal whipe or something
This has been suggested before. Andrew the founder of the server said He has to reason to give any interest for the bank.
This is what stocks are for. I believe the bank is just meant to be your balance and isn't meant to have the full functionality of a normal bank.
Interest happens in real life since the bank has control of your money. They can loan it off to other people and in exchange for you not having all your money available at all times, you gain interest. Unless ECC gives out loans, interest will never happen.
Interest is the cost of borrowing money - banks pay you interest because they use your money, and in doing so there is risk for you (yes, this is very low, especially with FDIC/etc but it is still there). No risk = no reward. If you want your money to work for you buy some stocks or loan it out (either option with it's pros and cons and obvious risk). Ultimately paying people for nothing is just bad business.
Not to mention that it would be incredibly easy to just stick 600k in the bank, wait 10 days, and come back with a free 60k. The bad part is that hundreds of users could do this. Too much inflation...
In the incredibly unlikely chance that we added interest there's absolutely no way it would be 1% a day. Maybe, maybe 2-10% annually. It would almost certainly be nothing but a pittance for all but the wealthiest.
I'm sorry. I did my math incorrectly It would be 6k over 10 days, not 60k, but that is still a lot. I don't want this to happen, and even though it's never been extremely easy gaining money, it doesn't need to suddenly be now.
