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| Forum » General » Deposits - 7% Really? | Date | |
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Assume that I have a 100Million on my bank for a week.. I should be seeing 7 Million in performance if it is 7%. But I'm not even getting closer to a million from deposits. What is the 7%? |
23/09/2013 18:31 |
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wittyprakash said: Assume that I have a 100Million on my bank for a week.. I should be seeing 7 Million in performance if it is 7%. But I'm not even getting closer to a million from deposits. What is the 7%? 7% over the course of a season I would expect. It is the same way that most banks around the world advertise. |
23/09/2013 18:48 |
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Consider it an APR, where A=13 weeks. | 23/09/2013 23:51 |
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Even if I consider 13 weeks, I gain very less compared to it. According to my calculation, I'm getting 7% only if I consider that it is for 27 weeks Edited by wittyprakash 24-09-2013 08:39 |
24/09/2013 08:33 |
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wittyprakash said: Even if I consider 13 weeks, I gain very less compared to it. According to my calculation, I'm getting 7% only if I consider that it is for 27 weeks Edited by wittyprakash 24-09-2013 08:39 That's because you didn't open that deposit on monday. |
24/09/2013 08:50 |
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depends the level of your finance director | 25/09/2013 14:34 |
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uglybear said: depends the level of your finance director No. Depends on the day of the week you open the deposit. |
25/09/2013 14:37 |
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both | 25/09/2013 14:45 |
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Finance director has nothing to do with it. | 25/09/2013 16:30 |
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SuTaGar said: wittyprakash said: Even if I consider 13 weeks, I gain very less compared to it. According to my calculation, I'm getting 7% only if I consider that it is for 27 weeks Edited by wittyprakash 24-09-2013 08:39 That's because you didn't open that deposit on monday. lol.. I know that 1 week = 7 days |
25/09/2013 17:35 |
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