Savings Account, 2.75% weekly (CLOSED)

[Philj]

Any update for May?

[notme]

My grandma passed away and I'm out of town.  I can still process withdrawal requests, but it will be at least a few days before I can check out everything and see how much availability I have.  Thank you for your patience.

[notme]

Terms restructured, see OP.

[drlatino999]

Terms restructured, see OP.

So you're able to support an additional 980BTC deposit?

[notme]

Terms restructured, see OP.

So you're able to support an additional 980BTC deposit?

Yes, I will keep the first post updated with current availability.

[chunglam]

200 BTC sent: https://blockchain.info/address/1E7BAMmMELjZn61SNYChvwvex89JyBsQPY
My repayment address: 13k7dPjMdzJpSY558ZdfvchEsCmpYDqs8R
Thanks

[drlatino999]

Sent 50BTC as discussed at 16:03 CST.

[notme]

Spreadsheet has been updated to reflect all deposits to date.  700 BTC of availability remaining.

[zaj]

i have 48 bitcoins to lend

[notme]

Bumped Availability to 750 BTC.

[drlatino999]

Just wondering, is the maximum you are willing to accept based on how high you can maintain the 25% holding?

[notme]

Just wondering, is the maximum you are willing to accept based on how high you can maintain the 25% holding?

Nah, I can always take the 25% from the deposits and only pass on the 75%.  Initially, it was how much it would take to get me to the 2000 BTC level to bump up my interest to the next level.  I've been adjusting it up and down as I get deposits and hand out withdrawals, but now it's really just arbitrary since I've come up with some more personal funds to deposit.  Going forward, I'll try to keep availability at a level I'm comfortable with covering the interest for a couple days.  I like to keep my deposits/withdrawals with BTCST to once per day since they have to be approved manually and pirateat40 is busy enough as it is.

[ciuciu]

100BTC deposit sent.
http://blockchain.info/address/147q8MTNX3GasUbberGuvqGHdjMtAZPwZy

Thank you.

[notme]

Bump

[notme]

I am requesting a 1 week, 1 day loan of 120 BTC.  I will repay 130 BTC (8.333% interest) within 192 hours from receipt of the bitcoins.  The bitcoins will be invested with BTCST and there will be no insurance/reserves in case of BTCST defaulting.  I have had several large withdrawals lately and this loan will boost my total balance back up to the 7% tier.  The loan will be accepted from the first person to PM me a repayment address.  I will respond with a deposit address for you to send the coins.

[notme]

I am requesting a 1 week, 1 day loan of 120 BTC.  I will repay 130 BTC (8.333% interest) within 192 hours from receipt of the bitcoins.  The bitcoins will be invested with BTCST and there will be no insurance/reserves in case of BTCST defaulting.  I have had several large withdrawals lately and this loan will boost my total balance back up to the 7% tier.  The loan will be accepted from the first person to PM me a repayment address.  I will respond with a deposit address for you to send the coins.

Filled.

[chunglam]

Any change to the rate? Since BST will lower saving account rate on 1 AUG.

[notme]

Any change to the rate? Since BST will lower saving account rate on 1 AUG.

I will likely have to adjust unless I can somehow come up with a few thousand more coins.  Give me some time to look things over.

[notme]

Unless I have already made arrangements with you all accounts will be reduced to 2.75% interest beginning August 1st, 2012.  This is due to the reduction in interest offered by BTCST.

[notme]

This offer is now closed due to BTCST shutting down.  All remaining deposits have been paid out from my personal funds while I await pirate's unwinding.  Thanks again to everyone who participated.

Final Stats:
Total Deposits Made: 1938.28088353 BTC
Total Paid Out: 3603.322 BTC
Percentage of Deposits Paid Out: 185.9%