There are two reasons why we would encourage you to open a savings account with OurBank Ltd.
Most people have their L$ linden dollars sitting in their Second Life account without earning any interest and in many cases you won't spend an average 20% of the funds in your account at any given time. OurBank gives you the opportunity to deposit the funds from your account into an OurBank account so that you will earn interest.
You could also be saving towards a goal and you want to maximise your money with a high interest rate of 6.50% p.a. with no account or transaction fees.
The Savings Account gives you easy access to your funds through OurBank ATM's, and offers you a great interest rate – so you can reach your savings goals faster.
The main focus of having a savings account is to receive Compound interest. This is interest which is added to the original funds deposited known as principal. New interest is then calculated, not only on the principal, but also on the interest that has been added. The more frequently interest is compounded, the faster the principal grows and you therefore maximise your wealth.
- Open a free account today. A minimum account balance of L$5.00 applies.
- Receive a 6.50% p.a. (yearly) interest rate calculated daily and automatically paid fortnightly.
- Make unlimited deposits and withdrawals with no impact on the rate of interest you earn.
To check your balance please go to any OurBank ATM and type: /9 balance sav
To withdraw funds from your account please go to any OurBank ATM and type: /9 withdraw sav (amount)
