arty:
A million years ago, in 1997, when I was at WSEX I caame up with the idea of paying monthly interest on accounts, that was paid monthly. It used quite a fancy formula and made sure to even include open wagers.
I think it was about 3% per year, which was about what we were receving in our offshore checking accounts.
They still paid that for years even after the rates dropped below 3%. They finally stopped because it served no purpose, and the rates got too low to pay anything worthwhile.
The original purpose of the interest was to get people to stop sending money in and out every week. It never worked.
Coming from a securities background the whole thing never made sense to me, I thought with the interest component, people would finally treat their sportsbook accounts like their brokerage accounts. I was wrong.
If you have $2,000, $20,000, $200,000, or $2,000,000 at Merrill Lynch, do you constantly take money out every time a stock makes money? For the most part no. You leave it in there for future trading. Maybe 4 times a year, or twice a year, or once a year you adjust your balance. I couldn't imagine how busy the brokerage houses would be if everytime people made money on a few stocks in a week, more than not requested a payout.
I think it was about 3% per year, which was about what we were receving in our offshore checking accounts.
They still paid that for years even after the rates dropped below 3%. They finally stopped because it served no purpose, and the rates got too low to pay anything worthwhile.
The original purpose of the interest was to get people to stop sending money in and out every week. It never worked.
Coming from a securities background the whole thing never made sense to me, I thought with the interest component, people would finally treat their sportsbook accounts like their brokerage accounts. I was wrong.
If you have $2,000, $20,000, $200,000, or $2,000,000 at Merrill Lynch, do you constantly take money out every time a stock makes money? For the most part no. You leave it in there for future trading. Maybe 4 times a year, or twice a year, or once a year you adjust your balance. I couldn't imagine how busy the brokerage houses would be if everytime people made money on a few stocks in a week, more than not requested a payout.
Guardian Guaranty's interest plan looks really attractive.
10% annual interest on daily balance paid monthly
10% cash back net losses. Review twice a year
10% signup bonus
Get all the above for only a minimum deposit of 1dime?
SBR rates GGC at B-. Does anybody here has an acct with GGC?
if yes, pls give feedback about the interest stuff..
Thank in Advance!
10% annual interest on daily balance paid monthly
10% cash back net losses. Review twice a year
10% signup bonus
Get all the above for only a minimum deposit of 1dime?
SBR rates GGC at B-. Does anybody here has an acct with GGC?
if yes, pls give feedback about the interest stuff..
Thank in Advance!
guardian's plan is so good you would be tempted to just leave 20k in there, give them a token play here or there and reep the benefits. if you can afford it, you would never want to take it out. easy money but is this safe? just leave it untill........hmmmm, what if they run into trouble and fold. would you just continue to take the interest and hope for the best? when would you finally say i've made enough and cash out? hmmmm greed against risk i guess.
i still have an acct. with GDN. and they stopped giving me my 10% because they said i didnt qualify anymore due to my winning.I dont win with many books but of course it had to happen to the 1 book that was giving me the interest.It is nice to get every month....juts make sure you give them more losers than winners.
