jeffweico | 09-28-2012 09:37 AM | Just a tip when evaluating these things...
First, under the Patriot Act (applies to USA only) it is ILLEGAL for a bank or other type of institution to issue a debit card to you without knowing who you are, which includes having your social security number on file. You CAN do this legally, but you must go outside of the US to pick up the card - they cannot mail it to you.
Also, they promise up to a 5.12% MONTHLY return on the money kept in your account. Annualized, that works out to a total return of 82.06% assuming you keep the interest payments in your account as well. NOBODY will pay you that rate for the use of your money. It is designed to press your "greed" button by promising to almost double your money in 1 year. I have seen a few sites promising these rates of return, but they are not possible in the real world, at least not by simply having a bank account.
But, if you like, I can do the same thing for you. Just send me the money and I will hold it for you and pay that out. But it is like a Bank CD... You must keep it with me for a 5 year minimum (and SURE, you can find me after 5 years - you should ALWAYS trust anonymous sources on the internet! :D). Look at your return on $10,000:
Year 1 = $10,000 + $8,206 interest = $18,206
Year 2 = $18,206 + $14,940 interest = $33,146
Year 3 = $33,146 + $27,200 interest = $60,346
Year 4 = $60,346 + $49,520 interest = $109,866
Year 5 = $109,866 + $90,156 interest = $200,022
I could even send you monthly statements via email to put your mind at ease... The above is JUST A JOKE, it is NOT a real offer! |