What exactly is negative interest ?

[LOLCL]

Unsure about this mechanic

[Tanyon]

Basically it is just them forcing you into investing your money.
The more you have on you in the bank and not used for investing or purchasing buildings the worse it gets.. so you are penalized for having cash on hand.

[David Estes Creations]

Originally posted by DarthTanyon:

Basically it is just them forcing you into investing your money.
The more you have on you in the bank and not used for investing or purchasing buildings the worse it gets.. so you are penalized for having cash on hand.

Correct, and adding to this - it impacts all the money you have in the bank every Monday starting when you have around $50,000

[LOLCL]

Ah you guys should make it 100k. I had to keep that around for the purchases I was making everyday from the ports.

[Shabutie]

Is this a thing that exists in real life? Iv never heard of it until this game. Iv never had $50k in my bank account, but Iv had over $10k before and never had anything like this happen.

[Artur]

Originally posted by Shabutie:

Is this a thing that exists in real life? Iv never heard of it until this game. Iv never had $50k in my bank account, but Iv had over $10k before and never had anything like this happen.

In some banks, yes.
For example Raifazen Bank charging you with interest if you open there deposit. At least in USD.

[LOLCL]

It is odd though considering most banks rely on deposits for money to loan out and further invest. At least in the US where the game is located banks only keep 10% of your money, and invest the rest. For smaller accounts there's a monthly surcharge, but that's about it.

[RoofCat]

50k limit is a bit low indeed. Couldn't buy large truck without being penalized.
Some shops also require 50k+ to set them up. Even small ones. It's doable, just not convenient. Why do I have to make stupid fake investments for a day or two to avoid just as stupid unheard tax.

[Wanted111who]

Originally posted by LOLCL:

It is odd though considering most banks rely on deposits for money to loan out and further invest. At least in the US where the game is located banks only keep 10% of your money, and invest the rest. For smaller accounts there's a monthly surcharge, but that's about it.

depending on central bank, some country central bank have a negative interest rate like japan, that's why they can give 1% interest loan to developing countries in asia.

[David Estes Creations]

Originally posted by Wanted111who:

depending on central bank, some country central bank have a negative interest rate

Exactly - it's a real thing, but just not something we have in the USA (which is where the game world is located). But the creator figured this would be less confusing than trying to deal with inflation. But we'll see what happens!

[Mystars]

Not my favorite part of the game. I make sure I end Sunday with a $0 to $1 balance, but still get dinged on the negative interest when my profits for Monday get totted up. In my opinion, it should be calculated at the Money on Hand at 23:59 on Sunday, not what comes in on Monday since we have no opportunity to spend it.

[freelancer909]

Invest your cash at the banks. They have investments. Cash always loses valve. The first Mc Donalds hamburger was 10 cents.

[Shabutie]

Originally posted by freelancer909:

Invest your cash at the banks. They have investments. Cash always loses valve. The first Mc Donalds hamburger was 10 cents.

2008 and current events demonstrate that banks arnt always a good investment either.

Everything loses value at one point or another. Except precious metals, they have seemed to held their value throughout human history.

[Sayheyho]

If you need to save the money, make sure to do a low risk investment to hold your money overnight. You could pull it out the next morning or just leave it until you have enough for whatever you want to purchase!

[❤♔ღ☭MrLogicGuy™]

I have been losing millions every week to negative interest rates you guys need to change this

[David Estes Creations]

Originally posted by ❤♔ღMrLogicGuy™:

I have been losing millions every week to negative interest rates you guys need to change this

Be sure to send your extra money into an investment on Sunday afternoon before the bank closes to minimize your losses due to negative interest!