Banana Bucks savings

bepah · 11-29-2008, 11:38 PM

Jarred,

I have been throwing Banana Bucks into savings for the past few months. To this point, only 1 interest accrual has materialized. Is there something I am missing?

Thanks,

John

Taylor · 11-30-2008, 12:04 AM

Patience.

You could probably PM him for a faster response.I have gotten all of the interest that I have expected, but it is possible that adding to the savings resets the amount of time that it all has been there.

MediaHound · 11-30-2008, 08:45 AM

Hi John,
Your first deposit was 9-27-08 so I think you should have just seen one interest accrue as that happens every month.

bepah · 12-01-2008, 07:51 PM

Quote:

Originally Posted by MediaHound

Hi John,
Your first deposit was 9-27-08 so I think you should have just seen one interest accrue as that happens every month.

Help me out, Jarred (BTW, congrats)....first deposit on 9/27 interest accrues on that deposit on 10/27? Second deposit on 10/22. Shouldn't there be another interest accrual on 11/22 and 11/27?

Thanks,
John

MediaHound · 12-01-2008, 10:10 PM

Thanks John!
Interest is calculated every 30 days and is credited based on the exact amount in your savings at the moment the calculation is done. Deposits made during the entire interim of this rolling basis will all be added at the 30th day and paid out accordingly at that time.
This may change in the future.

bepah · 12-06-2008, 11:51 AM

Jarred,

I am now totally confuesd.

I started deposits into savings on 9/27. From that point, I have periodically put more deposits into savings, I got one interest payment around 10/27 or so. Since then, nothing.

Please explain to me how the interest accrues. Pretend that I am 10 years old so that I may understand.

BTW, this is not a big deal for me, I just seek knowledge.

Thanks,

John

MediaHound · 12-06-2008, 12:33 PM

From the date that I installed the software, 30 days after that and thereafter, is when interest is calculated and credited (accrued).
If you make 5 deposits within each 30 days, it will all get added at that final moment when interest is calculated. Not 30 days (to the second) after each and every deposit.

MediaHound · 12-06-2008, 12:43 PM

BTW, I'm working on a way to show on your credits.php?do=banking page exactly when the next time interest will be calculated. I realize this could be improved.

bepah · 12-06-2008, 10:48 PM

Quote:

Originally Posted by MediaHound

From the date that I installed the software, 30 days after that and thereafter, is when interest is calculated and credited (accrued).
If you make 5 deposits within each 30 days, it will all get added at that final moment when interest is calculated. Not 30 days (to the second) after each and every deposit.

As I have shown, my last (first an only, as well) interest was credited
around 10/27, that was 40 days ago....more than 30.

Thanks for following up.

MediaHound · 12-06-2008, 11:18 PM

Close

The last time interest was credited was on 11/10/2008.
The next time that interest will be calculated will happen on 12/10/2008
I have added this information to the banking page here:
http://www.bananas.org/credits.php?do=banking
The date you see there will update automatically each month to remove any confusion and make it clear for future generations. Glad we made this system easier to understand, thanks for the feedback!
Cheers

MediaHound · 12-06-2008, 11:23 PM

PS, before you ask, I will tell you - the reason why you didn't get interest about October 10th was because at that time, you had just slightly less than the 500 BananaBucks required to be in savings for interest to accrue.

bepah · 12-07-2008, 12:15 PM

Quote:

Originally Posted by MediaHound

PS, before you ask, I will tell you - the reason why you didn't get interest about October 10th was because at that time, you had just slightly less than the 500 BananaBucks required to be in savings for interest to accrue.

Now I understand.....groovy!

Thanks,

John

11-29-2008, 11:38 PM	#1 (permalink)
bepah Freelance Botanoeconomist bepah's Photo Gallery Location: Brentwood CA Find me on the map! Zone: 9b Name: bepah Join Date: Dec 2007 Posts: 308 BananaBucks : 83,437 Feedback: 1 / 100% Said "Thanks" 25 Times Was Thanked 220 Times in 122 Posts Said "Welcome to Bananas" 406 Times	Banana Bucks savings Jarred, I have been throwing Banana Bucks into savings for the past few months. To this point, only 1 interest accrual has materialized. Is there something I am missing? Thanks, John __________________ John Case Rookie Gardener, Veteran Drinker

11-30-2008, 12:04 AM	#2 (permalink)
Taylor Taylor's Photo Gallery Location: VA Find me on the map! Zone: 8a Name: Taylor Join Date: Aug 2006 Posts: 2,084 BananaBucks : 380,370 Feedback: 15 / 100% Said "Thanks" 356 Times Was Thanked 662 Times in 334 Posts Said "Welcome to Bananas" 283 Times	Re: Banana Bucks savings Patience. You could probably PM him for a faster response.I have gotten all of the interest that I have expected, but it is possible that adding to the savings resets the amount of time that it all has been there.

11-30-2008, 08:45 AM	#3 (permalink)
MediaHound Tally-Man MediaHound's Photo Gallery Location: Florida Find me on the map! Zone: 10 Name: Jarred Join Date: Jul 2005 Posts: 5,281 BananaBucks : 2,606,088 Feedback: 66 / 100% Said "Thanks" 3,895 Times Was Thanked 5,125 Times in 1,365 Posts Said "Welcome to Bananas" 2,089 Times	Re: Banana Bucks savings Hi John, Your first deposit was 9-27-08 so I think you should have just seen one interest accrue as that happens every month. __________________ Apologies in advance if I am slow to reply to your PM. I suggest posting in the forums for support if you need something urgent.

12-01-2008, 10:10 PM	#5 (permalink)
MediaHound Tally-Man MediaHound's Photo Gallery Location: Florida Find me on the map! Zone: 10 Name: Jarred Join Date: Jul 2005 Posts: 5,281 BananaBucks : 2,606,088 Feedback: 66 / 100% Said "Thanks" 3,895 Times Was Thanked 5,125 Times in 1,365 Posts Said "Welcome to Bananas" 2,089 Times	Re: Banana Bucks savings Thanks John! Interest is calculated every 30 days and is credited based on the exact amount in your savings at the moment the calculation is done. Deposits made during the entire interim of this rolling basis will all be added at the 30th day and paid out accordingly at that time. This may change in the future. __________________ Apologies in advance if I am slow to reply to your PM. I suggest posting in the forums for support if you need something urgent.

12-06-2008, 11:51 AM	#6 (permalink)
bepah Freelance Botanoeconomist bepah's Photo Gallery Location: Brentwood CA Find me on the map! Zone: 9b Name: bepah Join Date: Dec 2007 Posts: 308 BananaBucks : 83,437 Feedback: 1 / 100% Said "Thanks" 25 Times Was Thanked 220 Times in 122 Posts Said "Welcome to Bananas" 406 Times	Re: Banana Bucks savings Jarred, I am now totally confuesd. I started deposits into savings on 9/27. From that point, I have periodically put more deposits into savings, I got one interest payment around 10/27 or so. Since then, nothing. Please explain to me how the interest accrues. Pretend that I am 10 years old so that I may understand. BTW, this is not a big deal for me, I just seek knowledge. Thanks, John __________________ John Case Rookie Gardener, Veteran Drinker

Members currently in the chatroom: 0
	The most chatters online in one day was 17, 09-06-2009. No one is currently using the chat.

12-06-2008, 12:33 PM	#7 (permalink)
MediaHound Tally-Man MediaHound's Photo Gallery Location: Florida Find me on the map! Zone: 10 Name: Jarred Join Date: Jul 2005 Posts: 5,281 BananaBucks : 2,606,088 Feedback: 66 / 100% Said "Thanks" 3,895 Times Was Thanked 5,125 Times in 1,365 Posts Said "Welcome to Bananas" 2,089 Times	Re: Banana Bucks savings From the date that I installed the software, 30 days after that and thereafter, is when interest is calculated and credited (accrued). If you make 5 deposits within each 30 days, it will all get added at that final moment when interest is calculated. Not 30 days (to the second) after each and every deposit. __________________ Apologies in advance if I am slow to reply to your PM. I suggest posting in the forums for support if you need something urgent.

12-06-2008, 12:43 PM	#8 (permalink)
MediaHound Tally-Man MediaHound's Photo Gallery Location: Florida Find me on the map! Zone: 10 Name: Jarred Join Date: Jul 2005 Posts: 5,281 BananaBucks : 2,606,088 Feedback: 66 / 100% Said "Thanks" 3,895 Times Was Thanked 5,125 Times in 1,365 Posts Said "Welcome to Bananas" 2,089 Times	Re: Banana Bucks savings BTW, I'm working on a way to show on your credits.php?do=banking page exactly when the next time interest will be calculated. I realize this could be improved. __________________ Apologies in advance if I am slow to reply to your PM. I suggest posting in the forums for support if you need something urgent.

12-06-2008, 11:18 PM	#10 (permalink)
MediaHound Tally-Man MediaHound's Photo Gallery Location: Florida Find me on the map! Zone: 10 Name: Jarred Join Date: Jul 2005 Posts: 5,281 BananaBucks : 2,606,088 Feedback: 66 / 100% Said "Thanks" 3,895 Times Was Thanked 5,125 Times in 1,365 Posts Said "Welcome to Bananas" 2,089 Times	Re: Banana Bucks savings Close The last time interest was credited was on 11/10/2008. The next time that interest will be calculated will happen on 12/10/2008 I have added this information to the banking page here: http://www.bananas.org/credits.php?do=banking The date you see there will update automatically each month to remove any confusion and make it clear for future generations. Glad we made this system easier to understand, thanks for the feedback! Cheers __________________ Apologies in advance if I am slow to reply to your PM. I suggest posting in the forums for support if you need something urgent.

12-06-2008, 11:23 PM	#11 (permalink)
MediaHound Tally-Man MediaHound's Photo Gallery Location: Florida Find me on the map! Zone: 10 Name: Jarred Join Date: Jul 2005 Posts: 5,281 BananaBucks : 2,606,088 Feedback: 66 / 100% Said "Thanks" 3,895 Times Was Thanked 5,125 Times in 1,365 Posts Said "Welcome to Bananas" 2,089 Times	Re: Banana Bucks savings PS, before you ask, I will tell you - the reason why you didn't get interest about October 10th was because at that time, you had just slightly less than the 500 BananaBucks required to be in savings for interest to accrue. __________________ Apologies in advance if I am slow to reply to your PM. I suggest posting in the forums for support if you need something urgent.

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)