Quote:
Originally Posted by 711
This is exactly how the bank works, read my post above.
Umm, that defeats the whole purpose. Try to go to your local bank IRL and tell them you want to deposit 10k on the 1st of the month, remove your money on the 2nd, put it back in on the 30th, and get interest for a full month on the 31st. If you find a bank that lets you do that, I'll sell everything I have so I can deposit there.
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Which IRL bank says to you "if you deposit now, your next interest earning date gets moved back 30days"? I have a feeling that bank wouldn't get many customers
Since EFDs can only be spent in
EF, there is no real purpose anyways is there? My only motivation was to make it simpler as there is no way of exploiting it. If there was ONLY ONE bank IRL, that didn't do loans or investment, and yet could still give out an interest rate, it wouldn't make any difference to them if you deposited the second before the interest is given out since they don't have any use for it anyways. It's an impossible system as it is, no need to try it make it seem more realistic imo.