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Old 06-11-2025, 12:41 PM   #17593
DNSB
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Posts: 47,213
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Join Date: Jul 2010
Location: Vancouver
Device: Kobo Sage, Libra Colour, Lenovo M8 FHD, Paperwhite 4, Tolino epos
Quote:
Originally Posted by Dr. Drib View Post
I'd rather that I earn interest in MY account (before I purchase something), rather than have Kobo earn interest. (The approx. 14% savings in a book purchase is not that important to me.)
Hmmm... what is the current interest rate paid on a savings account in your area? In this area, a high interest rate would be 5% annual though in most cases, that is only paid for the first 90 days and there are nasty bits such as a $5.00 charge for any transaction (deposit or withdrawal). For most people, 2.50% is the more likely high rate.

Hmmm... quick visit to the calculator. $60 at 2.50% compounded annually would give you $69.58 after 6 years. At 5%, you would take 3 years to reach $69.46. Compare this to the immediate 16.67% return (60x1.16667 is 70.00).

So if you are planning on spending $70 or £70 on ebooks over the next year, the ROI from purchasing a $/£60 gift card and getting the bonus $/£10 gift card is definitely the better choice.

Last edited by DNSB; 06-11-2025 at 12:44 PM.
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