AwakenedLands Forums

Just wondering when, exactly, bank interest is payed out. ie. if daily, what time. If weekly, what day and time.

once a year

i thought it increses every day but its such a small amount no one notices unless they have a large amount in the bank

if it was once a year would that be actual years or for when someone has been playing for 365 days? If it was for 365 days people could just give all their money to their friends and get it back the next day with tons of intrest

It says the ANNUAL(which once a year)interset rate is 10%.

LMAO, annual doesnt mean its paid out once a year. Do you even have a bank account? An annual interest rate of 10% means that over one year the compounded interest, paid out in whatever format (eg. monthly or weekly), is 10%. It in no way implies a once yearly interest payment. As an extra example, if your bank account has a nominal interest rate of 12% paid out monthly, then you get a 1% interest payment each month. the annual interest is still 12%. if you have a real interest rate of 12% compounded monthly then you get monthly interest payment of i% such that (1+i)^12=1.12. Now what I am wondering is how often interest is added to your account, which could be, but is not necessairly once a year.

zenith Wrote:The bank interest is equal to 10% per year. This is pretty high for real-world banks. You get a daily percentage of this 10%. If you have very little in the bank, you won't see a difference. If you have a lot in the bank, you will see it.

No comment :?

im assuming its prob midnight CDT as thats when the days remaining for school and job related stat atribute increases seem to be creditited (i think.)

daily
and 0:00 am