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Slimy Salesman
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Posted - 2009.05.04 17:30:00 -
[1]
Who thinks the new DBank CD returns are worth the loss of liquidity? I'd rather just keep it in their 3% account and be able to take it out when i want. They should have made the step up in interest rates at least 0.5% instead of 0.25%.
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Ms Delerium
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Posted - 2009.05.04 19:27:00 -
[2]
Edited by: Ms Delerium on 04/05/2009 19:28:03 banks are for very, very inactive players (for example youre out of EVE for exams or job...)
or just when you have SO much money you want to diversify and put some portion on different investments: for security, for the lulz, whatever.
with just a bit of time put on trading, every noob or market-ignorant could make 50% profit a month. Much more than any bank interest.
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Dzil
Caldari Second Quadrant Ice Division
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Posted - 2009.05.04 20:23:00 -
[3]
Originally by: Ms Delerium Edited by: Ms Delerium on 04/05/2009 19:28:03 banks are for very, very inactive players (for example youre out of EVE for exams or job...)
or just when you have SO much money you want to diversify and put some portion on different investments: for security, for the lulz, whatever.
I need to start investing for the lulz. Any advice?
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Chaos Dreams
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Posted - 2009.05.04 20:29:00 -
[4]
Originally by: Dzil I need to start investing for the lulz. Any advice?
IGBank
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Brock Nelson
Caldari Flux Technologies Inc
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Posted - 2009.05.05 01:43:00 -
[5]
Originally by: Chaos Dreams
Originally by: Dzil I need to start investing for the lulz. Any advice?
IGBank
lol
See? It works...
Blueprint Store |
Manalapan
Dynasty Banking
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Posted - 2009.05.05 11:17:00 -
[6]
Here I was hoping for an interesting and very informative thread but sadly not.
Dynasty Banking |
Chaos Dreams
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Posted - 2009.05.05 11:55:00 -
[7]
*shrug*
I think the fist couple posts more or less have it right. Unless you're going to be out of game for X amount of months the new CD values seem rather pointless. The old interest rates provided some incentive. While you could make more with the money on your own, if you got a CD you didn't have to mind the money yourself.
But the new rates are only fractions of a percent better than the limited account. Even with a 4-month CD I don't think that the additional ammount a CD would earn is worth losing access to the money. Not when you can get nearly the same rate and still be able to withdraw it.
I'm sure it was a necessary step, and I agree with others that not having 7% Dbank CD's to compete against will open up the possibility to more public bonds. Still, with the very similar interest rates, CD's have lost a lot of their appeal vs limited accounts.
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Molock Saronen
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Posted - 2009.05.05 13:08:00 -
[8]
Originally by: Chaos Dreams Still, with the very similar interest rates, CD's have lost a lot of their appeal vs limited accounts.
Spot on. |
Slimy Salesman
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Posted - 2009.05.05 16:09:00 -
[9]
That's precisely what I was trying to say. Indeed they did need to reduce the interest rates to reflect their current position, but by making the CDs barely better than the limited account, they've taken away the appeal of using them. |
Lecherito
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Posted - 2009.05.05 17:12:00 -
[10]
Yeah, I was a bit disappointed by their new rates as well. There's absolutely no way I could justify giving up liquidity for 4 months for an additional .75%, unless I absolutely knew I was going to be gone for that long or longer. I was expecting something along the lines of 3.5%, 4%, and 4.5%. As it stands, I predict a massive departure from their historically popular CDs. Though, it wouldn't surprise me if that was the exact result they were going for =P
Another question: Is the new rate of their standard accounts 2%, or 1.5%? Two different figures are noted on two different pages of the dbank website. I would be supremely disappointed if they lowered it to 1.5%, or the same as Ebank. Not that it matters, considering any money I have with them is firmly secured in their limited account, though I reckon they should at least attempt to compete with the megavault that is Ebank.
-L
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