-Quartz Bank-

Gaming Minecraft
#1

Recently, John and I have set up a new banking system, called Quartz Bank. Ths bank has savings accounts, and issues loans. This will be the official thread for the bank, where you can post questions and comments. The information below is a bereif summary of functions, rates, and penalties.

-Savings-

-$25 set up fee

-Compound interest rate of 2.00% per week (1.00% on accounts over 2,000)

-Cash deposit/withdrawal granted within 48 hours

-Loan-

-Qualification based on the requesters property and belongings

-Compound interest of 5.00% per week (8.5% once late)

-3 week issue period

#2

Quartz motto “Taking Minecraft way too seriously since 2013” :stuck_out_tongue:

#3

I think that for the Young minecraft players this would be a Mouthfull of WTH is that?

#4

This is a cool idea, but I can see it getting very hard to track as you get more clients. Not to mention you may end up losing money as interest accumulates.

Still, give it a shot.

#5

Wont be ‘too hard’ as with how we have it tracking now… (spreadsheet)

Also, Ferrari, I’m glad that you made this, as we can both modify it if anything changes.

#6

Nah Nam, as this may be a lot of detail, John and I often saw people who need money quick, this allows them to do the things they ‘want and need’ to do. Hopefully, this will help the economy grow, since people will be able to buy the things they possibly couldn’t before!

#7

Very clever fer, I’d imagine you’d make a slight profit off of loans.

#8

I tried this once - failed but now there are tons of new members so good luck to you !

#9

Moved money to a new account, Nick_inc, so that Ferrari can also give loans as needed.

#10