Is this one Legit?
Basic Rate Plan
Due to the complexity of the Bitcoin concept, the concept development team here at the BTC Bank Group felt that it was imperative to design our system with simplicity in mind. Our basic rate plan is no exception to this rule. It has been designed to provide investors with one of the simplest and easy to understand rate plans, to avoid any confusion down the road. Below you will find the straight forward details to our basic rate plan.
Accepted Deposit Methods: Bitcoin, Perfect Money, Egopay, HD-Money and Solid Trust Pay
Minimum Deposit: 0.5 Bitcoins or $20, depending on the chosen deposit method
Daily Interest Rate: 1%
Withdrawal Terms: Withdraw Your Investment and Profits At Anytime
Withdrawal Penalties: None
Withdrawal Processing Time: 24 Hours
Investment Example
The following example illustrates the profits that our fictional investor "John" would earn by investing in the BTC Bank Group.
Day 1 - John opens his BTC Bank Group Account. He proceeds to deposit 100 Bitcoins
Day 2 - John begins to receive daily interest payments. Today he earns 1 Bitcoin. He now has 101 Bitcoins in his BTC Bank Group balance
Day 3 - John receives his second daily interest payment. Today he earns interest on both his 100 initial deposit, as well as his previous interest. Therefore he earns 1.01 Bitcoins today.
John is capable of withdrawing from his investment balance at any time. The same situation would apply if the above investment had been made using dollars instead of Bitcoins.
I am tempted to join this one.
How on earth can that work? Is the bank setup to make a profit or a loss?
So if John dumps 100 BTC and leaves it a year he would have 465 BTC .. ... Or is my maths wrong
