New Star Software Forum Index New Star Software
Discussions regarding the future StarShip Tracker (SST) and the New Star Universe.
 
 FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups   RegisterRegister 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 

BNS getting competitive

 
Post new topic   Reply to topic    New Star Software Forum Index -> KNN News
View previous topic :: View next topic  
Author Message
Random Trader
Crewman
Crewman


Joined: 10 Jul 2003
Posts: 19

PostPosted: Fri Feb 06, 2004 1:50 am    Post subject: BNS getting competitive Reply with quote

Very Big News!

It hasn't been released yet, but BNS has approached the NSSX about tying its deposit interest rate directly to the market increase percentage. This means, when the quarterly averages are released, BNS will be changing its quarterly interest rate to match, but compounded weekly. For example, the NSSX closed up 8.25% at the end of this quarter, so BNS will offer interest rates of 8.25% (though, more preciselt 0.7% weekly), to be compounded at the end of the next quarter. It will never go below 0.1%, though.

This will be a big change from its usual non-competitive practices of only 0.1% interest earned every 3.5 days.

On the flipside, though, it will be charging withdrawal fees that are 1/4th that of the interest rate. Currently, it costs the customers nothing to withdraw funds.

This new initiative is being called the Small Investor Plan.
Back to top
View user's profile Send private message
Display posts from previous:   
Post new topic   Reply to topic    New Star Software Forum Index -> KNN News All times are GMT
Page 1 of 1

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum


Powered by phpBB © 2001, 2005 phpBB Group