Payday interest and such

[Thomasz]

If you have ~1,000,000 the interest rate is 0.3.
If you have more than 1,000,000 the interest rate is 0.05.

This means you're better off keeping exactly $1,000,000 in the bank until you reach $6,000,000.

Accually, you have to keep 999,999$ untill you reach 6 mil. Because 999,999 will give you 2,999 interest, and 1 mil will give you 1,001 interest

 

[Corne]

If you have ~1,000,000 the interest rate is 0.3.
If you have more than 1,000,000 the interest rate is 0.05.

This means you're better off keeping exactly $1,000,000 in the bank until you reach $6,000,000.

I'm just including my own knowledge for other people. If you have $249.999 your interest rate will be $2250 - if you go over that it will drop to about half. I'm guessing that the next drop is 1 million in this case.

(my guess)

1 - 249.999 = highest rate
250.000 - 999.999 = middle rate
1.000.000 - xxxxxx = lowest rate

 

[JacenM]

Is this still needed to be left open?

 

[Corne]

Is this still needed to be left open?

I've got a better view about it now so I guess it could be closed.

 

[JacenM]

Gotcha, L&A'd.