What is the difference between your bank and the one already in Puddleby?
This is a great question because the differences are so great. Below I've outlined the key differences.
|
Question
|
Puddleby Bank
|
Bank First of Puddleby
|
| Charges for deposits |
Yes (1%-5%)
|
No
|
| Gives Interest |
No
|
Yes (3%-6%)
|
| Allows Online Access |
No
|
Yes
|
| Allows Communication with a Real Person |
No
|
Yes
|
How can Bank First of Puddleby give interest on savings accounts?
Bank First can give interest on savings accounts because they use that money to offer quarterly
and yearly loans, which it charges interest on.
If you offer loans, will my money be available to be withdrawn?
Yes, your money will always be available to be withdrawn. Please note though that you must
give seven real-life days notice before closing your account. Also note that you must keep a
minimum of 100 coins in your account to avoid paying a 2 coin fee per real-life week.
What are your interest rates for savings account and loans?
They can be found here.
Do you support clan treasuries?
Yes, we do support clan treasuries and offer special rates.
What is the difference between a money market and savings account?
In a money market, you can only withdraw your money once a year (91 days), but you earn a
high interest rate. In a savings account, you can withdraw your money anytime, but you earn a
lower interest rate.
Is my money insured? Can I be sure that I will not lose my inventment?
Yes, your money is completely insured, and you can be assured that your money is perfectly safe.