Hashkings Lending,Deposit 1.25% INSURED, ALL PPT ACCOUNTS CLOSING ON 8/19

[salty]

I hope you mean that your 8 week lock-in rate will drop to 1.25% for new deposits made from 10th August? If not then it's unfair changing the terms of a loan mid-term, wouldn't you agree?

[Vorksholk]

I hope you mean that your 8 week lock-in rate will drop to 1.25% for new deposits made from 10th August? If not then it's unfair changing the terms of a loan mid-term, wouldn't you agree?

They change only for new deposits, old deposits always have the rate they were deposited at.

[hashking]

I hope you mean that your 8 week lock-in rate will drop to 1.25% for new deposits made from 10th August? If not then it's unfair changing the terms of a loan mid-term, wouldn't you agree?

They change only for new deposits, old deposits always have the rate they were deposited at.

Old deposits will keep the same rate.  The new rate is for any new deposits. 

[salty]

Thanks for clarifying  

[Tittiez]

10BTC into the 6.91% PPT. Thanks for the service Hash.

[piotr_n]

@hashking, would it be impolite to ask you who you are?
are you on OTC?

[wachtwoord]

Interest rate for the 8 week program has been dropped to 1.25%. 

Huge reduction on the locked account interest rate while the non-locked lend amount stayed the same. Any reason for this? Planning on introducing longer term deposits for higher rates or do you no longer need the stability and predictability? (not interested now, but am in 6 weeks when my current term finishes)

Repeating because it seems to have been missed.

[miscreanity]

Interest rate for the 8 week program has been dropped to 1.25%. 

Huge reduction on the locked account interest rate while the non-locked lend amount stayed the same. Any reason for this? Planning on introducing longer term deposits for higher rates or do you no longer need the stability and predictability? (not interested now, but am in 6 weeks when my current term finishes)

Repeating because it seems to have been missed.

It's the most basic of supply & demand reasoning, so it may not have warranted explaining. If HK's capacity is full at 1.9%, there's no reason to keep the high rate in place to draw funding.

[wachtwoord]

Please re-read my question because you obviously did not comprehend.

[miscreanity]

Please re-read my question because you obviously did not comprehend.

Etiquette.

Huge reduction on the locked account interest rate while the non-locked lend amount stayed the same. Any reason for this? Planning on introducing longer term deposits for higher rates or do you no longer need the stability and predictability? (not interested now, but am in 6 weeks when my current term finishes)

It's the most basic of supply & demand reasoning, so it may not have warranted explaining. If HK's capacity is full at 1.9%, there's no reason to keep the high rate in place to draw funding.

What happens if/when capacity opens up? Can that availability be predicted?

Apologies accepted at the Bitcoin address in my sig.

[wachtwoord]

Okay let me spell it out for you. He used to have an 8 week term at 1.9% and I am asking 2 things:

1) Why was the rate on the longer term deposit reduced but not that on the short term loans (still 1%)? I would expect both to go down the same percentage unless he no longer needs the stability and predictability. Is this true?
2) Is he planning on introducing longer term (so to spell it out longer than 8 weeks) with higher rates than 1.25%. This would suggest an urge for more stability and predictability.

But please, only Hashking can answer these questions and if he chooses not to disclose this that is fine also but I would appreciate him stating he does not wish to disclose this information

[hashking]

@hashking, would it be impolite to ask you who you are?
are you on OTC?

I am hashking.  I'm not currently listed on the OTC, but I have done alot of different trasnsacitons here on the forum.  Please let me know if you need a reference.  Thanks.

[hashking]

Okay let me spell it out for you. He used to have an 8 week term at 1.9% and I am asking 2 things:

1) Why was the rate on the longer term deposit reduced but not that on the short term loans (still 1%)? I would expect both to go down the same percentage unless he no longer needs the stability and predictability. Is this true?
2) Is he planning on introducing longer term (so to spell it out longer than 8 weeks) with higher rates than 1.25%. This would suggest an urge for more stability and predictability.

But please, only Hashking can answer these questions and if he chooses not to disclose this that is fine also but I would appreciate him stating he does not wish to disclose this information

I adjust my deposit rates according to the needs of my lending and deposit business.  I don't have any plans in the future to increase the rate beyond 1.25% currently.  I didn't lower the shorter term rate because I would like to keep that rate competitive with other deposit takers in the forum.   

[wachtwoord]

Thanks 

[hashking]

Just posting an update due to Pirate lowering interest rates for trust accounts. 

4.91% Weekly -- Direct BTCST Pass Through 0% Insurance 1 week lock in  New rate will be effective 8/20/12.  Existing accounts will be switched over to the new rate on 8/19/12.
Thread: https://bitcointalk.org/index.php?topic=82574.0. 

[Vorksholk]

Is the 50% insured also going to lower?

[drlatino999]

Is the 50% insured also going to lower?

Yes, it's at 3.91%

[hashking]

Is the 50% insured also going to lower?

Yes, it's at 3.91%

This is incorrect.  It is currently 3.3%.  It will be lowered later this week.  It will also take effect on 8/20/12.

[drlatino999]

Is the 50% insured also going to lower?

Yes, it's at 3.91%

This is incorrect.  It is currently 3.3%.  It will be lowered later this week.  It will also take effect on 8/20/12.

My bad, I could have swore when I checked today it was only 1% lower than the uninsured rate.

[Litt]

I just wanna say how exemplary your service is because you deserve it.

With so many people mishandling people's bitcoins of late,  having nothing but great things to say about the speed and execution of requests is so refreshing.

I've had not a single issue to point out in a negative light thus far and you've certainly earned a great deal a trust from me.

I can't speak about the risks of ppt deposits for obvious reasons that are outside Hashking's responsibility, but Hashking deposits and services are good in my book.

Thanks Hashking. I will certainly be looking for more opportunity to deposit with you very shortly.