Banks

[Datruth]

The bank is a guild, and we calculate interest according to our profit atm.

So if you're not making proft, is no interest given out, or just a very low amount?

Let's put it this way, i'll put my money where my mouth is, i'll go and make a 50k deposit in this bank sometime soon, assuming i get a good interest rate.

I'll even promote your guild by having members of my guild deposit too.

ALL i need, is assurance, that I will be paid no matter what happens, Kind of like the governments Insurance of all banks up to 100k in cash.

So what assurance can you offer me, besides your word ?

~~Datruth

[eldoth_terevan]

Okay, so the bank is a guild. I got that. But when the interest is calculated, how is it applied to the account? So if I have a 100K in your bank and you calculate a rate of interest on my account after six months, where does the extra money come from? Right now, it has to come from somebodys pocket. There is no way to automatically apply interest to the account using game mechanics, so you would be tracking this manually? Then you would add onto my 100K from... where? Where does that tria come from? So, if I cannot expect my deposited monies to gain interest and grow, why would I deposit anything in the bank? Have I totally got this wrong, or what? Sorry if I missed anything...

[Donari Tyndale]

Okay, so the bank is a guild. I got that. But when the interest is calculated, how is it applied to the account? So if I have a 100K in your bank and you calculate a rate of interest on my account after six months, where does the extra money come from? Right now, it has to come from somebodys pocket. There is no way to automatically apply interest to the account using game mechanics, so you would be tracking this manually? Then you would add onto my 100K from... where? Where does that tria come from? So, if I cannot expect my deposited monies to gain interest and grow, why would I deposit anything in the bank? Have I totally got this wrong, or what? Sorry if I missed anything...

The Bank of Hydlaa robs newbies and takes all their money.

Just joking. We offer various services, look in this thread for more info
http://hydlaa.com/smf/index.php?topic=26323.0

[eldoth_terevan]

Donari, I do not think you are trying to scam people, I believe you are sincere. I just cannot understand about how interest is applied, I mean, the idea looks good on paper somewhat, but we are not dealing with the same sort of numbers machine that an IRL bank is. Good luck with your bank!

[Donari Tyndale]

We gain prfoit through our various services, especially giving loans. With that, we gain a certain profit. No loss by now. That profit will be divided among the investors. The interest goes on their accounts.

[eldoth_terevan]

That's profit, but not interest. But that answered my question. I will be interested in seeing the quarterly reports from the bank, hopefully you will keep us posted on the progress. Just like with a real bank, I want to see numbers before I drop 500k into your bank. Good luck.

Edit: Okay, so I looked at definitions of interest and I guess that would be interest then. Not really a financial mind here. But I was thinking about interest applied to a savings account. Which is, I guess, the bank using my saved money and paying me interest for using it. Anyway, interested in seeing how this progresses for you.

[Donari Tyndale]

The first round of interest will be in January, accompagnied with a meeting of investors.

[Datruth]

The first round of interest will be in January, accompagnied with a meeting of investors.

Atleast you all are very professional, For that I applaud you all.

If this bank makes it, it will be for the hard work of Donari, i wish you the best of luck my friend.

If you need help, i'll be in game, just call on me, i'll be sure to answer.

~~Datruth

[miadon]

then when the day comes, the big wipe will happen