Pages: 1 2 [3] :: one page |
|
Author |
Thread Statistics | Show CCP posts - 0 post(s) |
Trilori
Caldari GearBox Fleet Svcs
|
Posted - 2008.01.15 03:37:00 -
[61]
Originally by: Astorothe As an account holder who has only made one withdrawl, and plans to not make any for several months at a time, I would like to get a higher interest rate than someone who makes regular withdrawls.
I could agree with that, hence thats what I've been trying to say. RW banks that give you higher yields have a cap on how many withdrawls and how much you can take out maximum regardless of how many withdrawls you make even if you go beyond the cap (thats when they start charging heavy fees).
So if you want unlimited withdrawls, no interest. But we already have that, sweep account... you still get charged for withdrawls anyway.
|
Hexxx
Minmatar
|
Posted - 2008.01.15 20:16:00 -
[62]
Originally by: Trilori
Originally by: Astorothe As an account holder who has only made one withdrawl, and plans to not make any for several months at a time, I would like to get a higher interest rate than someone who makes regular withdrawls.
I could agree with that, hence thats what I've been trying to say. RW banks that give you higher yields have a cap on how many withdrawls and how much you can take out maximum regardless of how many withdrawls you make even if you go beyond the cap (thats when they start charging heavy fees).
So if you want unlimited withdrawls, no interest. But we already have that, sweep account... you still get charged for withdrawls anyway.
I can see people are getting hung up on this, so I'll respond. We are developing finacial vehicles which will offer a higher interest rate (no, I won't quote a specific rate) with a reduced ability to "withdraw" from that vehicle.
It's something we're working on, of course, if you have ideas specific to how to pull it off, feel free to contribute. I imagine you'll hear more about this sometime at the end of Febuarary.
In terms of fees...as a recap; withdraw fees are probably permanent for various reasons but hardly anyone gets charged with them. Transfer fees are less permanent and may be up to change. As always, the final word is had by the Board of Directors. Everything I'm posting here is my own personal speculation based on what I know about EBANK, it's operations, and the Board.
Consulting, IPO Template, and Stock/Bond definitions.
|
Astorothe
Aperture Science Industries
|
Posted - 2008.01.16 05:52:00 -
[63]
Edited by: Astorothe on 16/01/2008 05:54:51
Originally by: Hexxx It's something we're working on, of course, if you have ideas specific to how to pull it off, feel free to contribute.
Simplest way I see it is you offer x% interest rates for a fixed term. For example, you might offer me 10% interest if I agree to give you a couple of billion ISK for 6 months. I'm not allowed to touch the ISK for 6 months - it's a fixed term deposit. That's the type of thing I would be very interested in. I have some spare ISK I would love to park into this sort of account.
Note: those actual numbers are just for arguments sake - you get the idea.
Edit: re-wrote it - didnt sound right first time round.
Eve Corp and Fansite Web design, development and hosting services |
Shadarle
|
Posted - 2008.01.16 06:11:00 -
[64]
As much as I wish they'd offer accounts for 5-7% interest I also can understand that they have no reason to do so. The reason to offer high interest accounts is to get more money. But currently they have to cap how much they get because they can't use it all. Just removing the limit on accounts would prob triple or more their total ISK (they have 100 bil now, correct?)
Heck if they unlimited the accounts I'd prob throw 20 billion or more into them while I try to figure out what to do with it. I'd pull out a bit as I need it and put it back in as I make more. But that's just one person putting money into them... if 100 other people put in smaller amounts that is going to be a lot of money.
So again, why should they increase their rates unless people stop giving them money?
Tanking Setups Compared
Stacking Penalty / Resists Explained |
Astorothe
Aperture Science Industries
|
Posted - 2008.01.16 06:18:00 -
[65]
Well at those kinda of rates your starting to near the rates of IPO's and such, which would have an interesting effect on the investment scene in Eve...
Eve Corp and Fansite Web design, development and hosting services |
Treelox
Amarr Market Jihadist Revolutionary Party
|
Posted - 2008.01.16 06:25:00 -
[66]
Originally by: Shadarle
So again, why should they increase their rates unless people stop giving them money?
I got to agree with this.
I think a lot of people fail to realise that this is not an investment, this is a bank. The risk is very very low, so the intrest is very low. This is where you put your rainy day fund, not where you put your long term investments. This is where you put those isk that you might need quickly.
Now I would like to see some CD's or fixed term slightly higher ROI options in the bank.
To me EBANK is like a your corner neighborhood bank, with BMBE and Fury Bank, being a lot more of a comerical bank in their approach.
DISCLAIMER:
It should be noted that while I may be one of the largest depositors in EBANK, those funds are normally what I would have kept in my wallet, they are the emergency fund. True "surplus" isk goes towards either expanding my operations or into long term investments, like bonds, stocks, and other opportunities that may arise. --
|
Astorothe
Aperture Science Industries
|
Posted - 2008.01.16 06:34:00 -
[67]
Originally by: Treelox This is where you put your rainy day fund, not where you put your long term investments. This is where you put those isk that you might need quickly.
On that I disagree. Any ISK I need quickly I keep in my wallet - there just really isn't any benefit of giving it to someone else (EBank) which always carries a risk.
For me EBank is a low-return and low-risk *investment*. I threw as much ISK in there as they let me because I like to have a portfolio that covers low and higher risk investments. I'm hoping the account becomes unlimited so that I can put a lot more ISK in there and enjoy the profits for next to no work on my behalf.
It's not a real bank at the end of the day - so I don't treat it like one.
Eve Corp and Fansite Web design, development and hosting services |
Jacob Mei
|
Posted - 2008.01.16 06:55:00 -
[68]
I dont know if this would be doable or wise but:
Safety Deposit Box?
The idea is that Player A has something that he wants/needs/etc to give to Player B that canĘt be done over a contract. Say for example Player B will be gone for longer then 2 weeks or something along those lines and Player A wont be around when Player B gets back, either right away or for good so contracting it to Player B isnĘt an option. So Player A contacts an Ebank Rep and asks them to hold Item X until Player B comes to claim it. Player A takes a guess at how long until Player B gets back and pays a holding fee or agrees to let Ebank take X amount from his account until the account runs out or until the item is claimed.
|
Treelox
Amarr Market Jihadist Revolutionary Party
|
Posted - 2008.01.16 07:00:00 -
[69]
Originally by: Astorothe
Originally by: Treelox This is where you put your rainy day fund, not where you put your long term investments. This is where you put those isk that you might need quickly.
On that I disagree. Any ISK I need quickly I keep in my wallet - there just really isn't any benefit of giving it to someone else (EBank) which always carries a risk.
I guess we disagree then....
For me the risk of EBANK is the same risk as my wallet. The odds of one scamming it away are lower than the other accidentally spending it.
OFC its all faith based, and I fully understand your view of the risk that EBANK entails. Maybe I am smitten with the banks BoD and their setup, but in my own assestment of my risk exposure to EBANK, my isk are as safe as in my own wallet. --
|
Shadarle
|
Posted - 2008.01.16 07:11:00 -
[70]
Originally by: Astorothe
Originally by: Treelox This is where you put your rainy day fund, not where you put your long term investments. This is where you put those isk that you might need quickly.
On that I disagree. Any ISK I need quickly I keep in my wallet - there just really isn't any benefit of giving it to someone else (EBank) which always carries a risk.
For me EBank is a low-return and low-risk *investment*. I threw as much ISK in there as they let me because I like to have a portfolio that covers low and higher risk investments. I'm hoping the account becomes unlimited so that I can put a lot more ISK in there and enjoy the profits for next to no work on my behalf.
It's not a real bank at the end of the day - so I don't treat it like one.
Your beliefs on what E-Bank is/should be aren't really the point. You have to look at it logically. Why should they pay you more than 3% if they can raise more money then they can possibly use and pay out only 3%? And then, if they need more, they could raise it to 3.5 or 4% and see if they get enough. If not they can bump it to 4.5%.
Do you really think they should pay out more than they need to?
Tanking Setups Compared
Stacking Penalty / Resists Explained |
|
Selene D'Celeste
Caldari The D'Celeste Estate Dawn of Transcendence
|
Posted - 2008.01.16 07:16:00 -
[71]
Originally by: Fenderson one word: gambling!!
Remember that I am on the board. That is your answer friend =)
|
Hexxx
Minmatar
|
Posted - 2008.01.16 07:25:00 -
[72]
Originally by: Shadarle
Originally by: Astorothe
Originally by: Treelox This is where you put your rainy day fund, not where you put your long term investments. This is where you put those isk that you might need quickly.
On that I disagree. Any ISK I need quickly I keep in my wallet - there just really isn't any benefit of giving it to someone else (EBank) which always carries a risk.
For me EBank is a low-return and low-risk *investment*. I threw as much ISK in there as they let me because I like to have a portfolio that covers low and higher risk investments. I'm hoping the account becomes unlimited so that I can put a lot more ISK in there and enjoy the profits for next to no work on my behalf.
It's not a real bank at the end of the day - so I don't treat it like one.
Your beliefs on what E-Bank is/should be aren't really the point. You have to look at it logically. Why should they pay you more than 3% if they can raise more money then they can possibly use and pay out only 3%? And then, if they need more, they could raise it to 3.5 or 4% and see if they get enough. If not they can bump it to 4.5%.
Do you really think they should pay out more than they need to?
Actually...let me comment on this.
In the past year I've observed the "market price" of investments on secondary markets rises untill the difference betwee price and dividend produces a rate of return around 4% to 5% per month. Sometimes it's even lower.
It's also common knowledge that investment funds for investments exceed available investments....that is to say, there aren't enough IPO's and other investment vehicles to meet investor demand. This scarcity means that it's possible to raise substantial amounts of isk while offering a low rate of return (let's avoid the trust issue for now as that's outside the scope of my point). It all comes down to supply and demand...in this case, the demand for investments is higher than the supply of investments. This is what makes it possible for EBANK to raise large sums of money while paying relatively low interest rates.
Honestly, EBANK needs a good reason to pay better rates....what we've seen so far (seriously) is that if we removed the cap, we'd keep taking on money. The cap is there so that we can grow in a substainable fashion. If EBANK does offer higher interest, it will be to raise money faster (EBANK's demand for money goes up, which increases the "cost" of that money) or as a courtesy to the market.
Consulting, IPO Template, and Stock/Bond definitions.
|
Astorothe
Aperture Science Industries
|
Posted - 2008.01.16 07:25:00 -
[73]
Edited by: Astorothe on 16/01/2008 07:33:26
Originally by: Shadarle blah blah blah
My point is pretty simple, as I mentoned in my post at the top of this page. The suggested benefit to E-Bank would be a promise of no withdrawls by me - therefore less admin work for EBank. This might not seem like much, but multipled by all account holders and possible transactions I think it would be a lot.
If they offered a term desposit I would use it. More % Interest for me - less admin for them. Win Win.
Eve Corp and Fansite Web design, development and hosting services |
Acidictadpole
Dirty Deeds Corp. Axiom Empire
|
Posted - 2008.01.16 14:16:00 -
[74]
I skipped a few pages in this thread 'cause I have a decent idea but have little time left here and I don't want to forget it.
What about a profile page based on how well people pay off their debt to EBANK or other members of it (that can be tracked). Kind of like a credit rating, and making it automated. This way when investing in things, it makes EBANK a possible information source of trustworthiness since that is probably the biggest issue when investing large sums of monies.
|
Lilan Kahn
Amarr The Littlest Hobos Insurgency
|
Posted - 2008.01.16 16:34:00 -
[75]
a big arse scam, i woud love to see that produkt
"Bringing Content to you 1 round of ammo at a time" |
Shadarle
|
Posted - 2008.01.16 18:28:00 -
[76]
Originally by: Astorothe Edited by: Astorothe on 16/01/2008 07:57:59
Originally by: Shadarle ... Shad's monologue goes in here...
Look, my point is pretty simple, as I mentoned in my post at the top of this page. The suggested benefit to E-Bank would be a promise of no withdrawls by me - therefore less admin work for EBank. This might not seem like much, but multipled by all account holders and possible transactions I think it would be a lot.
If they offered a term desposit I would use it. More % Interest for me - less admin for them. Win Win.
You are the one who mentioned interest numbers that were astronomically too high. If they raise their rate it would be by a tiny tiny amount. Right now they clearly do not need your money badly enough to give you any concessions for it. If that changes then you may get 3.5 or 4% per month. And if you deposit/withdraw money so often it becomes annoying they may just give you your money back and tell you to find another bank, heh. Or they could charge a small fee for doing so. They don't need to pay you more for your money since they can get more money than they need anyhow. They don't need to pay you more to keep your money in longer as they have other methods available to them as well.
Tanking Setups Compared
Stacking Penalty / Resists Explained |
Hexxx
Minmatar
|
Posted - 2008.01.16 19:46:00 -
[77]
Originally by: Shadarle
Originally by: Astorothe Edited by: Astorothe on 16/01/2008 07:57:59
Originally by: Shadarle ... Shad's monologue goes in here...
Look, my point is pretty simple, as I mentoned in my post at the top of this page. The suggested benefit to E-Bank would be a promise of no withdrawls by me - therefore less admin work for EBank. This might not seem like much, but multipled by all account holders and possible transactions I think it would be a lot.
If they offered a term desposit I would use it. More % Interest for me - less admin for them. Win Win.
You are the one who mentioned interest numbers that were astronomically too high. If they raise their rate it would be by a tiny tiny amount. Right now they clearly do not need your money badly enough to give you any concessions for it. If that changes then you may get 3.5 or 4% per month. And if you deposit/withdraw money so often it becomes annoying they may just give you your money back and tell you to find another bank, heh. Or they could charge a small fee for doing so. They don't need to pay you more for your money since they can get more money than they need anyhow. They don't need to pay you more to keep your money in longer as they have other methods available to them as well.
Adding onto this point...
The Bank needs money to make money. Right now, the Bank has been able to "buy" relatively cheap money...if the Bank raised it's rates, that cheap money would become less cheap.
Using the principles of Supply and Demand....the supply of cheap money is more than alot of people realize. My personal guess is that EBANK could raise another 100 billion without raising it's rates.
The higher the rates, the more expensive the money. And it doesn't make sense to buy expensive money when you can get it on the cheap.
Consulting, IPO Template, and Stock/Bond definitions.
|
Astorothe
Aperture Science Industries
|
Posted - 2008.01.17 03:13:00 -
[78]
Originally by: Shadarle You are the one who mentioned interest numbers that were astronomically too high.
Looks like you didn't read my post properly. I said, and I quote:
Quote: Note: those actual numbers are just for arguments sake - you get the idea.
I get the feeling you just like arguing? Please stop misquoting me and bother someone else. I posted a simple idea, and if you don't like it - just move on and read something else. No need to get upset :)
Ze logs show NOTHING! ~ Eve Corp and Fansite Web design, development and hosting services |
Astorothe
Aperture Science Industries
|
Posted - 2008.01.17 03:28:00 -
[79]
Originally by: Hexxx The higher the rates, the more expensive the money. And it doesn't make sense to buy expensive money when you can get it on the cheap.
That makes perfect sense from the Banks POV. I guess you just levy some fees for withdrawls to balance things out - those who do not make transactions do not pay fees.
One day customers may have a range of choices of trustworthy banks to put their money in - that's when I expect we'll start seeing better interest rates. From everything that's been said here, it would be in my best interest if there we're more "Ebanks".
Ze logs show NOTHING! ~ Eve Corp and Fansite Web design, development and hosting services |
Hexxx
Minmatar
|
Posted - 2008.01.17 04:28:00 -
[80]
Originally by: Astorothe
Originally by: Hexxx The higher the rates, the more expensive the money. And it doesn't make sense to buy expensive money when you can get it on the cheap.
That makes perfect sense from the Banks POV. I guess you just levy some fees for withdrawls to balance things out - those who do not make transactions do not pay fees.
One day customers may have a range of choices of trustworthy banks to put their money in - that's when I expect we'll start seeing better interest rates. From everything that's been said here, it would be in my best interest if there we're more "Ebanks".
Again, to be clear, withdraw fees are simply a safe-guard against excessive withdraws. It protects our tellers and their sanity.
To your main point...I agree 100%. It will take competing Banks to cause rate competition and I cautiously hope that competitors will arise. FuryBank is our main competition I think and right now both Banks are capped out. To get to a point where competition causes significant rate changes...not sure when that will happen.
Again, alot of this is driven by simple fundamentals in the market. Demand for investments exceeds the supply of investments. I'm not sure what it will take for this to change.
Consulting, IPO Template, and Stock/Bond definitions.
|
|
Bouncer Ricdic
|
Posted - 2008.01.17 04:46:00 -
[81]
Originally by: Hexxx Demand for investments exceeds the supply of investments. I'm not sure what it will take for this to change.
Proton power's 500b IPO in a coupla months should help lighten people's wallets
|
Selene D'Celeste
Caldari The D'Celeste Estate Dawn of Transcendence
|
Posted - 2008.01.17 05:31:00 -
[82]
Originally by: Bouncer Ricdic Proton power's 500b IPO in a coupla months should help lighten people's wallets
Ricdic, how many times have I told you, use the right (*#(*^#$ characters to post with =P You alt-overloaded ***** you. <3 EBANK |
|
|
|
Pages: 1 2 [3] :: one page |
First page | Previous page | Next page | Last page |