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| Forum » Doubts and questions » Interest rate | Date | |
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First-team player
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Interest rate has decreased.it was 20% before and now 19.825% why is it decreasing? I asked a question before i was told it increase weekly what is going no now | 10/04/2011 15:58 |
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International
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The interest rate changes from between 5% and 20%, but not sure how often it changes. | 10/04/2011 16:01 |
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Best scorer
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the interest rate range from 5 % - 20 % . I have no idea when will it change | 10/04/2011 22:59 |
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MVP of the game
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Interest Rate depends on where the market is going. If people asks for a lot of credits, it will increase, otherwise, it will be reduced  |
11/04/2011 00:23 |
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Thats interesting. So if you deposit a lot of money when the interest rate is 20% is your money "locked in" at the interest rate at the time of deposit, or is it at the mercy of the market? | 11/04/2011 00:40 |
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SportySpice said: Thats interesting. So if you deposit a lot of money when the interest rate is 20% is your money "locked in" at the interest rate at the time of deposit, or is it at the mercy of the market? Hi, does anyone have an answer for this? I am curious as well. |
13/04/2011 03:28 |
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Rookie
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According to @internat in this forum http://uk.strikermanager.com/foros/hilo.php?id=253124 , it appears to be locked in when you deposit. | 13/04/2011 04:06 |
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dellod said: Interest rate has decreased.it was 20% before and now 19.825% why is it decreasing? I asked a question before i was told it increase weekly what is going no now You may not have noticed it but computations in banking is somewhat skewed. I have deposited $5million at 20% and earned only $100,000. Unless they changed the universal rule in arithmetic, earning $400,000 a month isn't nearer to the 20% agreed interest rate. |
13/04/2011 06:52 |
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The interest rate isn't a monthly rate its the rate per season (13 weeks). So the weekly rate is 20%/13. Also if you deposit midweek your money isn't earning the full interest rate for that week. If you deposit midnight on Friday at 20%, then your true weekly rate is 20%/13 = 1.54%, but since you deposited 2 days before payouts are made you are really only earning 1.54% * (2/7) = .44% for that particular week. | 13/04/2011 17:26 |
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dominatord said: According to @internat in this forum http://uk.strikermanager.com/foros/hilo.php?id=253124 , it appears to be locked in when you deposit. It is not locked. Credits are locked, but not deposits (I've checked that this week, as I earnt less money than the other one, because interest was a bit lower). |
14/04/2011 12:40 |
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