July 16th, 2009
I have finally managed to find a bank account that i can put the money from this project into and actually earn a decent percentage rate of interest on it. For the time being i had it in an account that did not actually give me any interest unless i had over $5,000 in the account, which considering i am sitting around $120 and it is growing slowly would have been a long wait to get interest. Anyway it seems another bank that i have an account with actually does an account without a minimum deposit.
So i am going to get the money from one account to the other in the next day or two transferring it and all just takes time to do online. But i should have it in there within a day or two and start earning. The initial interest rate which i will get will be 2% per annum. Which while not great will be more then sufficient to at least provide a little extra for the project. However as we all know compound interest has some power, and the more money that ends up building in the project the more interest will play a part in this.
As a side note, hopeing to start getting some more money into the project as i start looking to clear some of the junk i have at home. So many things that i have bought and just accumulated over the years, and ready to start getting rid of it. May be small change from most of it however will keep working on it, and maybe over time even add a few hundred, dollars or more.
More from Double Your Way To A Million Project



Leave a Reply