=-= $ Vault of ECC $ =-= Loans/Savings/Storage

Received a deposit of $25,000 for Cartoonr. Paid 7th Feb 2015 ($1,750 /mo interest)

Still holding $30,000 for Taekyukim_02. Paid 1st Feb 2015 ($2,100 /mo interest)

Currently a loan is due to be paid back today by LegoJake62 ($29,750)

 

Possible to make a 20x10x20 vault?

 

I'm sure it could be arranged. I'll start work on some large vaults

 

Update on Vault of ECC. We have decided to discontinue the vault underground yet continue our banking features. The vault will take up too much space, with not enough interest. Plus we can use the space for a town hall area.

Apologies for any inconveniences.

 

Ok then... No problem...

 

Still holding
$30,000 for Taekyukim_02. Paid 1st Feb 2015 ($2,100 /mo interest)
$25,000 for Cartoonr. Paid 7th Feb 2015 ($1,750 /mo interest)


$25,000 Loan paid back today by LegoJake62. 3 days late, resulting in a total repayment of $35,375.

$50,000 was lent out to Roie yesterday. With a $70,000 repayment due tomorrow.

 

IGN: @SlinkyRabbit
Date joined:2014
Rankresident
Donor (Y/N):y
Money requested:100k
Purpose of Loanersonal loan
How will you pay back the loan:sell feature on irl payday
Due date:Feb 19th 2015 11:59 est

 

Thankyou, next time use a space between : and P or you get those funny looking faces

Loan Approved, lending $100,000 with $119,000 due in a week (Interest rates). Paying earlier will result in a lower interest fee. Thankyou!

 

does the more money I put in the bank mean I earn more interest?

 

That is correct, however seeing as the second payment will be delayed from the first, the interest payments will also be delayed by "X days". Meaning you receive two separate payments

But yes, the more money in the account, the greater the interest.

 

If i may point out a few things (not to sound wrong if this dose) A. a RL bank would have most sums right away (normally under a few k), also why would i not just put the sign in my own house or vault under my house?

 

You may do that if you'd like, however we pay interest on the money stored with us. So you earn money for keeping it within our bank. The reason we have a 48hour wait is because sometimes we loan out the money or use it on business investments. The money is always returned within 48 hours at most however.

 

ok i will probably put them in my own home bc i like to have it at all times, sorry.

 

That's perfectly fine! We just do it to help users prevent spending it on things such as lotto, and actually build up a savings account. If you invest $100,000 for example, we pay you an extra $7,000 a month. But yeah that's fine, thankyou anyway.

 

@obblebobble since you are unable to come on the next 2 days or so, this loan was paid to me. He was a little late, so he added in the day late fee of 7.5% Please see me to collect your money at your convenience.

Spoiler

 

Thankyou, this is very much appreciated! I should've contacted SlinkyRabbit earlier and given an extension. Either-way, thankyou I will contact you on the Sunday/Monday when I can come online

 

Still holding
$30,000 for Taekyukim_02. Paid 1st Feb 2015 ($2,100 /mo interest)
$25,000 for Cartoonr. Paid 7th Feb 2015 ($1,750 /mo interest)

$50,000 was lent out to Roie weeks ago. $70,000 was never repaid, user banned from the vault permanently.
$126,500 to be collected from SlinkyRabbit/Ladyvamptress (Counts as paid).

 

Is it possible to arrange some more money being deposited? I have another 40k or so if you wouldn't mind putting that in with the rest of the money. I am available next week, so If i catch you ingame, we can arrange another contract, and i'll give you the money.
Deal?

 

That's fine yes, contact me in game when you can

 

Absolutely. Glad we were able to negotiate.
I will be on in about two or three days.
One question though, If I had a total of 65k in your brilliant bank,
what total of interest would I be earning every month?