Striker Manager. Interest rate

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	Forum » Doubts and questions » Interest rate	Date
rishu5 Username 4668 msgs. Best scorer	The interest rates are always changing, if today i deposit money @ 15% interest, and 2 days later the rate becomes 18%, then it is my loss isnt, same for credits. There must be a logic behind this but i am not getting it for now.	19/04/2011 10:25
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GunnerNic Username 3363 msgs. Best scorer	Surely you would be making more money on your deposit if the interest rate goes up??	19/04/2011 18:56
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rishu5 Username 4668 msgs. Best scorer	thats right	19/04/2011 19:19
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Godson Username 1848 msgs. International	rishu5 said: The interest rates are always changing, if today i deposit money @ 15% interest, and 2 days later the rate becomes 18%, then it is my loss isnt, same for credits. There must be a logic behind this but i am not getting it for now. If you take out a Credit, the Interest Rate stays what it was when you took it out. If you put in a Deposit, then the Interest is paid at the current Interest Rate regardless of what it was when you put it in. Edited by Godson 19-04-2011 21:27	19/04/2011 21:26
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rishu5 Username 4668 msgs. Best scorer	A little unfair .. LOL	19/04/2011 21:39
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