Difference between revisions of "Spera Bank Savings Accounts"

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{{:Navbar/Spera}}Beginning February 2020, Spera will offer our existing and new clients, investors, and the community at large savings accounts. This is a common offering from all of the banks in Orbis, however we've chosen to implement it a little differently.
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{{:Navbar/Spera}}Beginning February 2020, Spera will offer our existing and new clients, investors, and the community at large savings accounts. Savings are a common offering from all of the banks in Orbis; however, we've chosen to implement it a little differently.
 
[[category:Spera]]
 
[[category:Spera]]
  
 
= Rapid Access Savings Account =
 
= Rapid Access Savings Account =
Anyone who wants to keep their money safe outside of a traditional alliance bank, still make some money off that money, and also be able to access it on a regular basis would likely prefer an RAS account. We guarantee a 24-hour turnaround to access 50% of the total funds, and 7 day turnaround to access the remaining portion. Because this offering mandates that we keep a large portion of your savings "liquid" and readily available, we offer '''0.50% interest''' on the previous week's balance. We determine weeks as beginning on Monday and concluding on Sunday. Please be aware that we require a minimum account balance of $15 million, and a minimum deposit of $15 million.
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Anyone who wants to keep their money safe outside of a traditional alliance bank, still make some money off that money, and also be able to access it regularly would likely prefer a RAS account. We guarantee a 24-hour turnaround to obtain 50% of the total funds, and seven-day turnaround to access the remaining portion. Because this offering mandates that we keep a large part of your savings "liquid" and readily available, we offer '''0.50% interest''' on the previous week's balance. We determine weeks as beginning on Monday and concluding on Sunday. Please be aware that we require a minimum account balance of $15 million, and a minimum deposit of $15 million.
  
 
= Standard Access Savings Account =
 
= Standard Access Savings Account =
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= Employee Savings Account =
 
= Employee Savings Account =
Spera offers a third type of savings account unique to individuals employed by Spera or one of its affiliated companies. We require a 14-day notice for withdrawal, and only Employers may deposit into the account. We more than make up for these limitations by offering an interest rate that is '''double''' the Standard Access Savings Account's rate. Due to the nature of these accounts, we do not require a minimum balance, however any withdrawals must be in multiples of 1 million unless the account is being completely withdrawn.
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Spera offers a third type of savings account unique to individuals employed by Spera or one of its affiliated companies. We require a 14-day notice for withdrawal, and only Employers may deposit into the account. We more than make up for these limitations by offering an interest rate that is '''double''' the Standard Access Savings Account's rate. Due to the nature of these accounts, we do not require a minimum balance; however, any withdrawals must be in multiples of 1 million unless the account.
  
 
= Bonds =
 
= Bonds =
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# We reserve the right to decline deposits if doing so would put our operation or your money at risk.  
 
# We reserve the right to decline deposits if doing so would put our operation or your money at risk.  
 
# We reserve the right to increase or decrease these interest rates at any time.  
 
# We reserve the right to increase or decrease these interest rates at any time.  
# Any change in interest will take effect at the onset of the month. In the event of an overlap, the higher interest rate will be applied for the entire week.
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# Any change in interest will take effect at the onset of the month. In the event of overlap, the higher interest rate will apply for the entire week.
# We will not process a withdrawal for you if you are Blockaded, as doing so could put us in cross-hairs and put our operation at risk.
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# We will not process a withdrawal for you if you are not capable of receiving the money directly to your nation, as doing so could put us in cross-hairs and put our operation at risk.
# If your account becomes problematic for us, we reserve the right to close it. We will work with you to transfer your account to another institution, or directly back to you in a timely manner.
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# If your account becomes problematic for us, we reserve the right to close it. We will work with you to transfer your account to another institution, or directly back to you promptly.

Latest revision as of 20:22, 23 March 2020

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Savings Accounts :: Bonds :: Loans :: Annuities :: Balance Sheet :: Jobs

Beginning February 2020, Spera will offer our existing and new clients, investors, and the community at large savings accounts. Savings are a common offering from all of the banks in Orbis; however, we've chosen to implement it a little differently.

Rapid Access Savings Account

Anyone who wants to keep their money safe outside of a traditional alliance bank, still make some money off that money, and also be able to access it regularly would likely prefer a RAS account. We guarantee a 24-hour turnaround to obtain 50% of the total funds, and seven-day turnaround to access the remaining portion. Because this offering mandates that we keep a large part of your savings "liquid" and readily available, we offer 0.50% interest on the previous week's balance. We determine weeks as beginning on Monday and concluding on Sunday. Please be aware that we require a minimum account balance of $15 million, and a minimum deposit of $15 million.

Standard Access Savings Account

For our more traditional saves, we offer a better rate. We guarantee 7-day turnaround to access 25% of the total funds, and 14-day turnaround to access the remaining portion. Because this offering affords us the ability to lend your money out without significantly worrying about paying it back immediately, we offer 1.00% interest on the previous week's balance. We determine weeks as beginning on Monday and concluding on Sunday. Please be aware that we require a minimum account balance of $15 million, and a minimum deposit of $15 million.

Employee Savings Account

Spera offers a third type of savings account unique to individuals employed by Spera or one of its affiliated companies. We require a 14-day notice for withdrawal, and only Employers may deposit into the account. We more than make up for these limitations by offering an interest rate that is double the Standard Access Savings Account's rate. Due to the nature of these accounts, we do not require a minimum balance; however, any withdrawals must be in multiples of 1 million unless the account.

Bonds

For our clients who are not as concerned about access and are instead looking for a safe place to deposit their money and have it grow, we encourage you to consider Bonds as an alternative.

The Fine Print

  1. We reserve the right to decline deposits if doing so would put our operation or your money at risk.
  2. We reserve the right to increase or decrease these interest rates at any time.
  3. Any change in interest will take effect at the onset of the month. In the event of overlap, the higher interest rate will apply for the entire week.
  4. We will not process a withdrawal for you if you are not capable of receiving the money directly to your nation, as doing so could put us in cross-hairs and put our operation at risk.
  5. If your account becomes problematic for us, we reserve the right to close it. We will work with you to transfer your account to another institution, or directly back to you promptly.